Risk Management

Managing risks in government

June 2011

We have reported regularly through our Value for Money audit programme that more effective risk management would enable departments to be better informed in their decisions, have a greater likelihood of meeting their aims and objectives, and help them to avoid costly mistakes.

By examining current practice in government and the private sector we have developed six principles of risk management. By following our six principles, organisations can move their risk management arrangements from a process-led approach to one which supports the efficient and effective delivery of services.

Managing risks in government (PDF - 433KB)