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Integrated Risk Management Framework

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Table of Contents

President's Message Introduction Management Challenges Developing a Risk-Smart Workforce and Environment Key Concepts Risk Risk Management Integrated Risk Management An Integrated Risk Management Framework Four Elements and Their Expected Results Element 1: Developing the Corporate Risk Profile External and Internal Environment Assessing Current Risk Management Capacity Risk Tolerance Element 2: Establishing an Integrated Risk Management Function Strategic Risk Management Direction Integrating Risk Management into Decision Making Building Organizational Capacity Element 3: Practising Integrated Risk Management A Common Process Integrating Results for Risk Management into Practices at all Levels Tools and Methods Communication and Consultation Element 4: Ensuring Continuous Risk Management Learning Creating a Supportive Work Environment Building Learning Plans in Practices Supporting Continuous Learning and Innovation Conclusion Appendix: Shared Leadership-Suggested Roles and Responsibilities

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