Rod Farrar

Rod Farrar

Rod Farrar is an accomplished risk consultant. His knowledge of the risk management domain was initially informed through his 20 years of service as an army officer in varying project, security and operational roles. Subsequent to that, he has spent eight years as a professional risk manager and trainer.

Farrar’s risk management expertise is highly sought after, as is the insight he provides in his risk management training and workshop facilitation. He has been recognized by the Risk Management Institute of Australia, which has granted him Certified Practicing Risk Manager accreditation.

He is the principal of Paladin Risk Management Services, a Canberra-based specialist risk management consultancy that undertakes work as diverse as:

• Assessment of organizational risk maturity (risk audits);
• Development and implementation of risk management frameworks;
• Development and conduct of risk management training; and
• Facilitation of risk management workshops.

Some of the major assignments undertaken by Farrar include:

• Risk adviser to $4 billion Defense ship project;
• Risk adviser to multiple Defense projects in all domains;
• Development of risk management framework for Defence Support Organisation – an organization of 5,000 personnel across more than 100 locations
• Development of risk management framework for major program organization with budget of $1 billion annually
• Development of risk framework and risk identification for National Health call center network
• Development of risk framework and risk identification for retirement benefits fund in Tasmania
• Development of risk framework and risk identification for Havelock Housing Association
• Development of risk framework and risk identification for Queanbeyan City Council
• Security risk assessment – Department of the Senate

Farrar has lectured at the University of Canberra, has been on the assessment panel for Certified Practicing Risk Managers and has spoken at a range of conferences and forums. In addition, he was contracted by the Risk Management Institution of Australasia to develop and deliver a two-day risk workshop across Australia and New Zealand. This course was highly acclaimed, attracting participants from as far away as Ireland.

He has recently established the Paladin Risk Management Training Academy with the intent of passing on his knowledge to those working in, or who have a desire to work in, the risk management industry. He has developed and delivered a diploma of risk management and business continuity and an advanced diploma of governance, risk and compliance.

Recent Articles by Rod Farrar

The Flaw in How Risks Are Framed

One of the things that I’ve been tossing around is how we frame a risk. Risks are events. But when it comes to putting together risk statements, often organizations will put a cause and a consequence as well as the risk all into one statement. I’ll give you an example: “Significant delays in retrieving records […]

The Myth About Contractors and Risk

The notion that by outsourcing or contracting you have transferred your risk to another party is a myth. Senior executives, both in government and private enterprise, say, “There is no need to worry about that risk – I have transferred that to the contractor.” This is simply untrue. If you own the consequences (or at least part […]

The Right Way to Enumerate Risks

In my experience, there are a number of traps that organizations fall into when they are identifying the risks they face. The traps make it very difficult to manage the risks. #1 – The Broad Statement Some organizations fall into the trap of capturing “risks” that are broad statements as opposed to events or incidents. […]

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