Risk Management Policy Statement
The Government of South Australia’s commitment to risk management is enunciated in a Risk Management Policy Statement. This statement was issued in November 2009 and jointly endorsed by the Premier and the Treasurer.
The policy makes Public Sector Chief Executives accountable to their Ministers for the development and implementation of a risk management framework specific to the organisation’s business and the organisational context.
Further, Chief Executive accountability for risk management extends to their agency’s contribution to the attainment of the whole of government economic, social and environmental objectives stated in South Australia’s Strategic Plan.
Risk Register Database
As part of the development of an end to end insurance system, SAicorp has developed a Risk Register database. This database is available for use by agencies. Its features include:
- easily identifies changes to risks between reporting periods;
- allows both qualitative and quantitative assessment of the risk level;
- supports the quantification of risk through a client-definable matrix scoring system; and
- increases the efficiency of risk management reporting for the organisation.
The database provides an alternative to maintaining spreadsheets and is less expensive and resource intensive than a large scale risk management solution.
For further information or a demonstration please contact Tricia Ielasi on 8226 2553 / email@example.com