Background to the guide

The scale and variety of the risks which government have to deal with makes risk management in the public sector challenging. Significant events over the last few years have included a pandemic, cost-of-living crisis, inflation and interest rate rises, and geopolitical conflicts.

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Government must carefully balance short-term demands with long term preparedness, making tough choices and trade-offs with finite resources and capacity.

Robust and effective risk management is essential to achieving government’s ambitions and objectives and securing long-term value for money.

Scope of the guide

This guide is for senior leaders and risk practitioners across government with ways to help overcome the challenges to managing risks.

The guide outlines 10 approaches to overcome these challenges and each approach is supported by:

  • An outline of why this is a priority for government
  • Case studies and quotes
  • Practical tips

We have drawn our insights from our reports, the experiences of our insight teams, and the thoughts of a range of leaders and practitioners from our audited bodies and external organisations across industry and academia.

How to use this guide

We’ve used quotes, case studies, examples from our body of work and actions to take to illustrate the 10 different approaches. You can read the guide in one go or just dip into individual sections.

Our insights are not mandatory guidance but complement existing government guidance on risk.

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