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Welcome to DFO’s Integrated Risk Management Web siteAbout IRM | DFO Toolbox | Related Sites Welcome to the website for Integrated Risk Management. This site has been created to assist DFO managers and decision makers in their use of integrated risk management in decision making and provides links to departmental resources relevant to Integrated Risk Management. Integrated Risk Management is an explicit and systematic approach to managing strategic, operational and project risk to organizational objectives, from an organization-wide perspective. The Integrated Risk Management Branch reports to the Chief Risk Officer, (DG, Audit and Evaluation) and has the mandate to accomplish the following;
About Integrated Risk Management (IRM)Over the last few years, government-wide expectations of good governance have emphasized that organizational risks should be considered in all planning and delivery activities, at the strategic and operational levels. In April 2001, the TBS developed the IRM Framework to guide federal government departments in incorporating IRM into management practices through a comprehensive organization-wide approach to managing risks. The Framework establishes the development of a Corporate Risk Profile (CRP) as a first step in IRM. The main benefit of IRM is to enhance an organization’s ability to achieve objectives. In June of 2003, the TBS introduced the Management Accountability Framework (MAF) which clearly states that corporate risks must be managed proactively. Integrated Risk Management is an explicit and systematic approach to managing strategic, operational and project risk to organizational objectives, from an organization-wide perspective. In recognition of the importance of advancing organization-wide Integrated Risk Management (IRM) consistent with government-wide expectations, DFO has developed an IRM Policy and a draft comprehensive CRP. DFO’s CRP presents significant risks faced by the department as well as key tools, capabilities, strategies and plans that support the integrated management of risk. DFO ToolboxIn recognition of the importance of advancing organization-wide Integrated Risk Management (IRM) consistent with government-wide expectations, DFO developed a comprehensive IRM Policy and Corporate Risk Profile.
The DFO IRM Branch is in the process of developing new easy-to-use tools to facilitate the IRM process for decision makers.
Related SitesThe Government of Canada, the Provinces, Territories and Municipalities, International Governments and other International sources, Academia, Associations, Institutes, Societies and many other sources provide a broad knowledge base for IRM.
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Created: 2005-04-21 Updated: 2007-10-18 |
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