Risk management at Dutch Housing Associations

The phrase ‘Risk Management’ is since World War 2 a developing concept in Business Economics and risk management is frequently present in organizations. Diverse areas of attention, that are also included in the frameworks of standardization organizations as COSO and AIRMIC, which come with risk management in organizations include: Identification of risks that threaten people, material and immaterial interests and activities. A research into the probability and effect that risks can bring with them. A study on the techniques to reduce or get rid of the risks. And based on this study, taking steps to prevent and minimize losses. Studying risk financing to bear the potential losses. Think of bearing losses directly from current assets, specifically created reserves or provisions, or by agreements and insurances. Routinely testing of the decided policy whether the policy is efficient in the changing internal and external environment….


1.1 Problem Statement and Research Questions
1.2 Methodology
1.3 Setup of the Report
2 Risk Management
2.1 Definition of Risk
2.2 Definition of Risk Management
2.2.1 View of Standardization Organizations
2.2.2 Risk Management Policy
2.2.3 Risk Management Function
2.2.4 Internal Communication on Risks in Current Business Processes
2.3 Reasons for Doing Risk Management
2.4 The Practice of Risk Management in the Netherlands
2.5 Risk Identifying Techniques
2.5.1 Checklists
2.5.2 Financial Statements Method
2.5.3 Flow-Chart Method
2.5.4 Interactions with Other Departments
2.5.5 Interaction with Outside Suppliers and Professional Organizations
2.5.6 Contract Analysis
2.5.7 Records of Occurred Losses
2.5.8 Incident Reports
2.5.9 Hazard Analysis
2.5.10 Other Methods
2.6 Risk Control Strategies
2.6.1 Risk Avoidance
2.6.2 Risk Prevention
2.6.3 Risk Transfer
2.6.4 Insurance
2.6.5 Risk Retention
3 Housing Associations in the Netherlands
3.1 History and Activities
3.2 Besluit Beheer Sociale Huursector (BBSH)
3.3 Governance Codes
3.3.1 Dutch Housing Association Governance Code
3.3.2 AedesCode
3.4 Central Housing Fund (CFV)
3.5 Waarborgfonds Sociale Woningbouw (WSW)
3.6 Risks of Housing Associations
4 Research Results
4.1 Profile of respondents
4.1.1 Response and non response
4.1.2 Representative data
4.1.3 Size and Introduction of Risk Management
4.2 Risk Identifying Techniques
4.2.1 Organizational Risk Identifying Techniques
4.2.2 Project Risk Identification
4.3 Assessment of Risks
4.3.1 Techniques
4.3.2 Analyze for Different Kind of Consequences
4.3.3 Software for Analyzing Risks
4.4 Organizational Provisions
4.4.1 Reasons of Housing Associations for doing Risk Management
4.4.2 Risk Management Policy
4.4.3 Organization of Risk Management
4.5 Degree of Risk Management
4.5.1 Model
4.5.2 Basic Outcomes
4.5.3 Size and score
4.5.4 Attitude on Risk Control and Actual Behavior
4.5.5 Discussion on the Model of Assigning a Risk Management Score
5 Conclusion
5.1 Different Understanding of Risk Management….

Source: University of Twente

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