Title: Risk Management: Developing and Implementing a Risk Management Framework

Language: English

Type: Website

Nature: Website

Published: January 1, 2015

Region: East Asia and Pacific

Country: Australia

Keywords: Knowledge Lab, PPP Cycle, PPP Reference Guide, Online Guide, Risk

Document Link(s):

Document Summary:

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.

Document Details:

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]

Updated: June 27, 2022