CalQrisk-PublicSector
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Risk in the Public Sector is essentially no different from risk in the private sector. Often higher levels of scrutiny lead to exaggerated consequences or perceived consequences for organisations or departments, resulting in a disproportionate level of risk aversion. Doing it right and being seen to be doing it right are critical, particularly when organisations by the nature of what they are mandated to do must take informed risk. Failure is neither inevitable nor systemic, the complexity and scope of mission in some Public Sector organisations is such that the management of risk is crucial. The greatest failure is the failure to reduce the likelihood of instances of loss while mitigating the consequences should a loss event occur. Identifying the controls that are in place and the exposures that might still exist through a comprehensive risk assessment is an essential first step to managing risk to an acceptable level. Risk decisions are constantly being made which allow the organisation to achieve its regular objectives with more certainty. Applying the principles of ISO 31000 reinforces the systematic approach and underpins an attitude of conviction to the management of risk. Do everything that can be done not just what must be done CalQrisk - PublicSector is a self assessment tool that uses the expert knowledge and experience of your people to assess risk in a structured way. It generates a risk register that shows the controls in place and the risk mitigation gaps. Some of the day to day risks that are managed at the lower level and often identified by the "lone voice" have the capacity to damage the whole organisation. Complex Public Sector organisations manage risk at many levels, yet there is a requirement for the senior team to have a clear view of where all of the significant residual risk is, across and through the organisation. Aggregating multiple risk registers, presenting the controls and gaps in a weighted context, provides decision makers with an opportunity to see more clearly what matters and to better target scarce mitigation resources. CalQrisk-Public Sector
• increases the probability of success of initiatives • reduces the possibility of failure of initiatives • provides assurances to executive management that risk is being managed effectively • generates a comprehensive, prioritised risk register • suggests additional mitigation actions to address potential gaps in controls |
 Sample Risk Mitigation Questioning |