Section 2 provides an overview of the TBS Framework for the Management of Risk, including an overview of key concepts that underlie both the Framework and this Guide, and an elaboration of the principles, roles and responsibilities that are outlined in the Framework.
#Risk management principles pdf drivers#
This section (section 1) of the Guide presents the purpose of the Guide along with an overview of developments in the area of risk management over the past few years as well as the drivers for renewing and strengthening risk management in the federal government. It also provides information about linkages to some generic risk management resources such as processes, practices, tools and templates that may be adapted to the circumstances of specific federal organizations, depending on their size, mandate, organizational structure and lines of business. It elaborates on the principles in the Framework and provides practical guidance and considerations for operationalizing these principles as part of an organization's integrated risk management strategy. The Guide is intended as a companion document to the principles-based TBS Framework for the Management of Risk (2010). This Guide is intended to help strengthen Canadian federal public sector integrated risk management practices by providing organizations with guidance in the design, implementation, conduct and continuous improvement of integrated risk management that will result in a risk-informed approach to management throughout the organization ultimately leading to better performance. Introduction 1.1 About this Guide Purpose Appendix A – Interdepartmental Working Group.7 Improving it – Continuously Improving Integrated Risk Management.6.3 Ensuring Continuous Risk Management Learning.6 Doing It – Practicing Integrated Risk Management.5.2 Providing the Environment and Infrastructure.5.1 Implementing the Risk Management Approach and Process.5 Putting It in Place – Implementing Integrated Risk Management.4.7 Establishing Communications and Reporting Mechanisms.4.6 Defining the Risk Management Process.4.3 Establishing and Articulating Direction for Integrated Risk Management.4.2 Understanding the Organization and its Context.
4 Getting Started – Planning and Designing the Approach and Process.3 Integrated Risk Management – Overview.2.4 Roles and Responsibilities of Deputy Heads and TBS.2.2 About the Framework for the Management of Risk.2 Overview of the TBS Framework for the Management of Risk.A recommended approach for developing a Corporate Risk Profile Table of Contents
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