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.
Sector(s): Government, efficiency and transparency
National Audit Office report: Managing risks in government
Managing risks in government
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.
Published date: June 6, 2011