Initiative Status Path to completion Insights/actions Risk Framework Risk advisor appointed in September 2017 ► Two workshops on strategic risk completed ► Undertake Effort Risk Audit, required establish Risk Audit completed in May 2017 with an agreed audit ► strategic risks action plan and develop Impact to Establishment of Audit and Risk Committee and program ► Focus Area Timing and Lead Enterprise (including independent auditors) Dependency enterprise risk matrix requires updating due to lack of accountability and initiative (this Update ► Existing TBD ► enterprise risk Currently no budget for additional resources in 2017/18 Following appointment of Senior Enterprise Risk ► matrix and advisor, updating of enterprise risk matrix and appetite has since been appetite is a priority addressed) Lead: Executive Manager of G&L ► Source: Transformation program reporting BAU/COI 11 October 2017, interviews with the ELT and other staff, and documents provided by CoGG –
Initiative Status Path to completion Insights/actions Undertake Risk Audit, establish strategic risks and develop Enterprise Risk Framework ► Risk Audit completed in May 2017 with an agreed audit action plan ► Establishment of Audit and Risk Committee and program (including independent auditors) ► Risk advisor appointed in September 2017 ► Two workshops on strategic risk completed Effort required Impact to Focus Area Timing and Lead Update Dependency ► Existing enterprise risk matrix requires updating TBD ► due to lack of accountability and initiative (this enterprise risk matrix and appetite ► Currently no budget for additional resources in 2017/18 Lead: Executive Manager of G&L has since been addressed) ► Following appointment of Senior Enterprise Risk advisor, updating of enterprise risk matrix and appetite is a priority Source: Transformation program reporting – BAU/COI 11 October 2017, interviews with the ELT and other staff, and documents provided by CoGG