Risk Management Policy Flashcards
What is the risk management policy
A policy that outlines risk management roles and responsibilities within police the policy sets out the principles that underpinned our approach to risk and defines clear accountabilities
Why do police have policies statement and risk management principles
Risk is inherent in policing everyone has a role to play in managing risk therefore it’s important to understand police approach to risk that aim is to ensure we are all able to identify early relevant risks and make good decisions about how to manage them
What is the role of the executive leadership board and risk management for police
ELB set the tone for the culture around risk and give guidance on the type and level of risk police is willing to consider and accept
What role do police as governance groups have in risk management
Governance groups have a collective responsibility to monitor and oversee risk for their part of the organisation
Polices risk management approach is based on the joint Australian and New Zealand international standard true or false
True the Australian and New Zealand international standard risk management principles and guidelines AS NZS 3100
Police have an online risk management tool where is this located
Polices online rest management tool is available on 10 one
Identified risks should be reported and escalated appropriately what is the correct way
Reporting and escalating through polices online risk management tool available on 10 one
If we wanted guidance and support to report and escalate a risk where would we go to
A risk coordinator in district or service centres would be available for guidance and support as well as the specialist risk and insurance team at P in HQ
What is the definition of risk
Risk is defined as the effect of uncertainty on objectives
What are the eight aspects to affective risk management
- Integrated
- structured and comprehensive 3.customised
- inclusive
- dynamic
- informative
- cultural
- continually improved
What is the police risk management vision
The vision is that the consideration of risk becomes part of our culture
What are the three main types of risk
Strategic risks
corporate risks operational risks
What is strategic risks and how do we manage them
Strategic risks affect the achievement of strategic objectives in our business they are reported to ELB and a RC management is the responsibility of the commissioner and ELB
What are corporate risks and how do we manage them
Corporate risks affect the achievement of cross organisational corporate objectives. Corporate risks are more tactical and require a more immediate response management is the responsibility of a PNHQ work group risks are reported to SLT
What are operational risks and how do we manage them
Operational risks affect the achievement of day-to-day operations these risks relate to be a you activities another responsibility of district commanders and DLT operational risks are reported to national operations steering group in the district commanders forum
What is the risk management framework police applies to all policing situations involving risk with a potential to cause harm
TEN a is the risk management framework
Are risks identified using TEN a captured in the organisations online risk tool
No
What does TENR stand for
T equals threat
E equals exposure
N equals necessity
R equals response
In respect to TEN a what must a response be
Any response is proportionate and based on the assessment of the threat exposure and necessity
What is the project management tool that catches risk and guard to programs or projects
Program and project risks are captured and sentience this is overseen by police BPMO enterprise portfolio management office
What is the Treasury requirement for any program or project
Treasury will require a risk profile assessment for any project or program
The EPMO report project and program risks to whom
The EPMO reports risk to the budget investment committee BIC
Who does the PMO provide updates for in regard to risks
BIC
The assurance group executive risk dashboard
What are the roles and responsible responsibilities for everyone and managing risk
1 identifying assessing monitoring & treating risk
- 2contributing to risk discussions
- escalating risk
