When do we manage risks?

Managers already manage risks in their operations, usually in an informal way.

The Department has created a risk management process that can be integrated into a manager's existing activities (e.g. processes, policies, procedures).

This effective risk management process should be applied to all levels of the organisation in all areas, such as:

planning
functions
programmes
projects
activities.

It can also be applied to activities related to key external stakeholders.

The risk management process within the corporate context new window 57k

How should the risk management process be applied?

The risk management process should be applied in three main areas:

All business strategies, activities and management systems. This includes incorporating the processes into:
- strategic, business and operational planning (strategic plans, capital plans and workforce plans)
- policy development
- project management
- performance management
- research and development.
Compliance and control
Incident management.

Quality, safety, environment new window 66k

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Examples of when to use the risk management process

Example 1

At a school you can conveniently complete your Risk Report while making up the Workplace Health and Safety report which forms part of your school's Annual Operating Plan.

School risk report proforma new window 87k
School sample risk report proforma new window 87k

Example 2

Update your business unit's Risk register template new window 2.6M at least twice a year or whenever things change, as part of your business planning process.

Risk register template new window 2.6M

Example 3

Compile Risk Reports biannually, and forward after approval, by the appropriate officer in charge to Risk Management Services as part of the departments risk reporting process.

An integrated management system to ensure progress in strategy implementation new window 77k

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When do we manage risks?

Examples of when to use the risk management process

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