A positive risk culture is essential to create a less risk averse and more innovative environment in Australia’s public sector. The aim is not to eliminate risk, but rather to have active, ongoing and responsive risk management.
But developing this active and responsive risk culture takes time. It requires ongoing commitment and a continuous improvement approach. It is certainly a journey that will not happen overnight. And the fact that every agency is different, means that there is no one size fits all approach. There are a number of different definitions, understandings and methods used to develop a positive risk culture.
For federal government agencies, the Comcover risk management benchmarking survey is mandatory and aims to assess the risk maturity level of the organisation. It considers a number of risk factors in its assessment, one being a positive risk culture. Whether a part of this Comcover survey or not, it is interesting to look at how the journey towards a positive risk culture could develop and where you would position your own organisation’s maturity on this suggested timeline.
Most government agencies would be somewhere between the fundamental and systematic levels of maturity. Where does your organisation sit? We are all still learning and moving forward.
The Implementing a Positive Risk Culture in Government forum will provide an opportunity to benchmark against the risk culture journeys of different federal and state government agencies. Join your fellow risk and governance leaders in the public sector to examine how to move forward towards more effective risk-based decision making.