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Risk management policy
Risk management policy







risk management policy

  • External risks are risks beyond the direct control of the department.
  • Enterprise risks are risks for which the department has the lowest appetite.
  • Delivery risks are those with significant impacts to delivery outcomes.
  • The risks targeted through the planning and reporting processes emerge from within our operating environment: The department is willing to accept a higher level of risk when pursuing innovation and opportunities that further its strategic objectives to give all children a great start, engage young people in learning and creating safe, fair and productive workplaces and communities.

    risk management policy risk management policy

    security of confidential and personal information held by the departmentĪs its foundation, the department has a core requirement to comply with its legislative obligations in its pursuit of quality outcomes for children, students and the community.workplace health and safety of its staff and the community.These enterprise risks are the areas the department has the lowest appetite for: To deliver on the department’s objectives, the Executive Management Board (EMB) has identified the level of risk it is prepared to accept and which is to be addressed by all business areas. governing risk: governing risk through executive oversight in divisions, regions and schools.reporting risk: providing assurance that risk is managed and escalated.responding to risk: regularly assessing risks, identifying trends and patterns in risk and opportunities for continuous improvement.assessing risk: applying a structured risk assessment process.

    risk management policy

    understanding the risk environment: targeting risks that emerge from the department’s operating environment.using the risk appetite to identify and assess the level of risk that can be taken.The approach to managing risk at any level of the department involves: The department’s risk management approach is integrated into departmental processes and decision-making.accounts for human and cultural factors.The department applies the following principles to risk management. Risks are managed according to the department’s Enterprise Risk Management Framework, this policy and the Enterprise risk management procedure. The Department of Education is committed to effective risk management to achieve better outcomes for our customers. This policy supports the Department of Education’s (the department’s) approach to risk management as set out in the Enterprise Risk Management Framework and is based on the Australian Standard on Risk management – Guidelines (AS/NZS ISO 31000:2018).









    Risk management policy