Organizational success increasingly depends on the quick identification of emerging risks (and opportunities) and on the rapid implementation of effective responses. In recognition of the importance of risk management, both the TBS and Department of Public Safety have introduced expectations for departmental practices. These expectations apply to a broad range of individuals – from policy makers to program managers, from those running internal services to corporate planners.
Over the last number of years, federal organizations have made significant progress in developing risk profiles and other risk identification measures to gather better information about risks. The risk identification is improving, the dialogue around risk is better informed. However, how do we ensure that this is followed by action and that will improve performance?
Given the increasingly tight fiscal environment, how can we leverage resources devoted to the planning and reporting processes to effectively manage risks?
The session will look at the approaches taken by a few organizations. |