Risk Management: Developing and Implementing a Risk Management Framework
The Victorian Government Risk Management Framework (VGRMF) sets out the standards that all Victorian government departments and public bodies must meet when it comes to managing risk.
The Victorian Government Risk Management Framework (VGRMF) describes the minimum risk management requirements agencies are required to meet to demonstrate that they are managing risk effectively, including inter agency and state significant risk. It outlines the role and responsibilities of an agency’s responsible body. The VGRMF adopts the Australian and New Zealand Standard AS/NZS ISO 31000:2009 Risk Management – Principles and Guidelines which provides a generic, internationally accepted basis for best practice risk management.
VIC. 2015. Victorian Government Risk Management Framework. Melbourne, Australia: Victorian Government, Secretary Department of Treasury and Finance. [#4584]
