Risk Management

For the Government of Canada to continually improve the way it delivers services to Canadians, it is important that its management regime fosters flexibility, seeks opportunity and focuses on results. Integral to such a regime is awareness and application of risk management principles and practices.

Effective risk management practice equips federal government organizations to respond proactively to change and uncertainty by using risk-based approaches and information to enable more effective decision-making throughout an organization.

Risk Management Framework

The Framework for the Management of Risk is a key Treasury Board policy instrument that outlines a principles-based approach to risk management for all federal organizations. The Framework reaffirms Deputy Head responsibility in the effective management of their organizations in all areas of work, including risk management and describes the expectations for an effective risk management practice. Of note, the risk management principles of the Framework also apply to all Treasury Board policies, and guide the Treasury Board Secretariat in its management, enabling and oversight roles.

Guides and Tools

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