RISKCOVER

Implementing Risk Management

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The primary purpose of a structured risk management approach is to have a transparent process that enables management to demonstrate decision making regarding the acceptance of risks.

The management of risk should be embedded in an agency’s overall planning, reporting, decision making and management practices. Risk management becomes a part of the management process applied to all aspects of an agency's business.

This summary sets out the strategy recommended in accordance with the Australia/ New Zealand Standard AS4360:2004 for the implementation of Risk Management. It is designed to achieve the following outcomes:

  • Successful achievement of an agency’s goals/objectives, provision of services and completion of projects/events or initiatives.
  • Greater level of confidence that an agency is managing its key risk exposure.
  • A risk management culture within an agency.
  • Compliance with the Premier’s Circular 2006/03 and Treasurer’s Instruction 825.

RiskCover supports you by providing expertise to assist with implementing risk management, and ensuring knowledge transfer to your staff.

Please download the document below for more information.

Key Components of a Risk Management Program (PDF - 28kb) This document outlines the key components of implementing a Risk Management Program.

Please contact RiskCover for further information.

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