Annex 1
RISK MANAGEMENT STEERING GROUP
TERMS OF
REFERENCE ARE:
The group is established to advise on, and
facilitate, the consistent and co-ordinated development of policies
and guidance relating to risk across central government. Specifically,
the group will:
Provide a cross cutting facility
to consider and develop risk management policy for central government
(although ownership of individual policy elements will be assigned/taken
by an established part of either Cabinet Office or Treasury);
Provide a consultation forum to facilitate
discussion of that risk management developments before they are
promulgated or implemented by the sponsoring organisation;
Provide a forum in which the need
for guidance and direction on risk management can be discussed
and identified;
Commission reviews, research and
reports on issues relevant to risk management to facilitate the
indentification of the need for guidance and direction, and to
consider the results of such reviews and reports;
Commission the preparation of guidance
documents to be published (either by Cabinet Office, HM Treasury,
or under the "badge" of the group itself) to assist
central government organisations with risk management issues.
MEMBERSHIP WILL
COMPRISE:
Officials from Cabinet Office;
Officials from HM Treasury;
Representation from ILGRA;
Representation from NAO;
Representatives (up to four) from
Departments/Agencies/NDPBs.
POTENTIAL PROJECTS
INCLUDE:
Produce and publish a "route
map" of all the existing guidance associated with risk issues;
Generate agreed core definitions
for terminology associated with risk to avoid the confusion which
arises from different parties using common terms with differing
meanings;
Identify actions required to follow
up the NAO report "Supporting InnovationManaging Risk
in Government Departments";
Review the progress reports received
by HMT in response to the 31 August PFO letter and identify from
that areas in which it is apparent that more central guidance
needs to be produced;
Support the Cabinet Office in following
up the publication of departmental risk frameworks and development
of the proposed White Paper;
Support the Treasury in the development
and implementation of Turnbull style Corporate Governance requirements.
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