Risk Management For Public Service Organisations And State Agencies

Course details

Effective management of risk is now recognised as a critical element of good governance and assurance arrangements in public service organisations and state agencies. Handling uncertainties and agreeing priorities has implications for strategic and business planning objectives, the relationship with stakeholders and also the resourcing, management and control of work programmes and activities.

Demonstrating effectiveness in the complex and uncertain environment of public service delivery reinforces the need to ensure the risk management arrangements are embedded in the processes, policies and procedures of the organisation.

Over recent years, the IPA has been working with organisations on the identification, assessment and management of risk and assessing the implications for their operating and control environment. Utilising the ISO risk management standard and building on our practical experience with client organisations, this one-day focussed event will give attendees a comprehensive introduction to this important governance and management process.

Objectives

Upon completion of this training, participants will:

• Understand the principles, framework and process of risk management
• Appreciate the role of risk management in the governance and management of organisations
• Be familiar with risk terminology and what it means in practical terms
• Consider how to commence and embed the process in organisations
• Have reviewed risk management policy obligations and risk registers

Course Content

The course will cover the following areas:

• Role of Risk Management in Modern Organisations
• Compliance Requirements
• ISO 31000 – Risk Management Standard
• Risk Management Principles and Process
• Implications for Governance and Controls
• Risk Categorisations, Inherent and Residual
• Identification of Risk
• Risk Ranking and Scoring
• Monitoring and reporting
• Implications for the Audit and Governance Arrangements