INTEGRATED RISK MANAGEMENT IN THE PUBLIC SECTOR

Conference held in Ottawa on February 15, 16 & 17, 2006
Chairs: Andrew (Andy) Poprawa, Deposit Insurance Corporation of Ontario, F. Leslie Thompson, LESRISK, Charles Brown, Ministry of Finance, Brian Bost, KPMG LLP

CD-ROM: Ov. 10 hours of video presentations

To purchase, please contact Federated Press.

IMPLEMENTING RISK MANAGEMENT INITIATIVES

• Issue of importance of culture in Public/Private Sector
• Understanding the Risk of the Organization
• Governance and risk management
• Implementing Risk Management Process
• Organizational Model
• Measure of Performance in the Risk Management Area

"Governance and risk management are very closely related. Governing body should understand the risks involved in the organization. It's really, really, really important to engage the people that have the influence to have commitment and continuous support on risk management to be able to implement successful enterprise risk management."

Video: 26 minutes

Case study: Implementing an effective risk management strategy into LCBO's corporate governance policies and procedures
Levon Yazejian, Liquor Control Board of Ontario (LCBO)

• The Implementation of ERM Process & Framework
• Risk Management and Organizational Performance
• Enterprise Risk Management Education & Training Program
• Selection of a Champion
• LCBO Internal Audit’s Annual Plan

"Prepare risk profiles from bottom up; through workshops and interviews."

Video: 32 minutes • Overheads

Case study: Implementing enterprise risk management in small agencies
John Corey, Canadian Transportation Agency

• Integrated Risk Management Framework
• Identify Risk Levels
• Continuous Risk Management Learning
• Implementation of the Integrated Risk Management
• Risk Management Process Review and Report

"Risk management is a way of prioritising what is important, what needs to be done, what's not important and what does not need to be done."

Video: 40 minutes • Overheads

Case study: Understanding your corporate risk profile
Dena Kingstone, Canadian Food Inspection Agency

• Risk Management & Performance Report
• Strategic Risk Profile
• Risk Mitigation
• Risk Assessment & Risk Identification
• Risk Profiling Best Practices

"Mitigation of key strategic risks serves as a major driver in strategic decision-making."

Video: 53 minutes • Overheads

INTEGRATING RISK MANAGEMENT AT THE STRATEGIC AND OPERATIONAL LEVEL

Case study: Best practices and the emerging role of the chief risk officer at Public Works and Government Services Canada
Awad Loubani, Public Works and Government Services Canada

• Establishing A Risk Management Network
• Risk Management Process
• Risk and Ethics Oversight Committee
• Branch Risk Profile
• Implementation of CRO and IRM

"Risk management informs and improves decision-making: It reduces uncertainty, improves the chances of achieving objectives, and ensures more efficient and effective allocation of resources."

Video: 36 minutes  • Overheads

Case study: Embedding internal control certification and disclosure requirements within an organization's day-to-day processes – The Canada Post experience
Clary F. Ottman, Canada Post Corporation

• Identifying the Management's Roles and Responsibilities
• Evaluating Internal Controls and Procedures
• Key Performance Indicators (KPIs)
• Effective Management of the Business

"Management has assurance that designed internal controls are operating effectively unless reported through an exception."

Video: 25 minutes • Overheads

Integrating strategic planning, fiscal budgeting, risk management and performance measurement
F. Leslie Thompson, LESRISK

• Risk Identification and Risk Assessment
• Champions Of Risk Management
• Barriers to Risk Integration
• Risk Frameworks and Risk Policies
• Performance Metric & Balanced Score Card
• Integrated Governance Framework

"Ignore methodological barriers between risk management disciplines-look at common features of hazard, financial, operational, informational, and policy risks."

Video: 40 minutes • Overheads

Integrating risk management into the corporate planning process
Bernard (Bernie) Labrosse, Raymond Chabot Grant Thornton Consulting Inc.

• Risk Management Principles
• Applying The Risk Management Process
• Corporate Planning Process In The Federal Government
• Decision Oriented Risk Management
• Integrating Risk in Policy Making, Planning And Delivery

"Risk management (RM) helps to optimize corporate planning process and decisions."

Video: 34 minutes • Overheads

SUSTAINING THE MOMENTUM FOR RISK MANAGEMENT INITIATIVES

Case study: Developing effective risk communication
Charles Brown, Ministry of Finance

• Confront Transparency & Cultural Issues
• Risk Communication & Risk Management
• Create Engagement of Action
• Risk Management Framework
• Culture Of the Organization
• Compiling Qualitative Data
• Government Challenges and Risk Tolerance
• Delivering an Effective Message

"Manage the outrage factors and put as much effort into communication as you do in the content of your risk management."

Video: 45 minutes

Case study: Going forward – Keeping the IRM project on track
Ram Narayan, Treasury Board Secretariat of Canada

• Identify and Assess Types of Risks
• "Risk Management" – Not "Risk Avoidance"
• Federal Accountability Act
• Key Benefits of IRM
• IRM in Strategic Planning Process
• Measuring Risks

"Not taking any risk is the biggest risk which kills any kind of progress."

Video: 53 minutes • Overheads

Strategies for risk mitigation in the public sector IRM: Where are you and where do you need to go?
Colin Wiltshire, Wiltshire Consulting Inc.

• Risk Mitigation in IRM
• Develop Mitigation Measures
• Risk Management Plan
• Cost-Effective Measures on the Risk Register
• Monitor Implementation and Effectiveness
• Monitoring and Implementation of Incremental Mitigation Measures

"Monitor the implementation and effectiveness of risk mitigation based on a Risk Management Plan."

Video: 52 minutes • Overheads

Case study: Using conventional risk profiling tools to support risk based priority setting
John Lark, Fisheries and Oceans Canada

• Accountability Framework
• Ranking and Rating Achievability and Importance
• Applying Risk Management Tools
• Three Key Risk Management Applications
• Risk Drivers, Mitigation and consequences

"Risk management must be supported by a consistent approach and set of tools."

Video: 46 minutes • Overheads

IMPROVING PROGRAM AND PROJECT PERFORMANCE

Continuously assessing and monitoring risk and controls
Brian Bost, KPMG LLP

• Identifying Risks in Organizations
• Creating, Implementing and Monitoring Towards Controlled Environment
• Role of Management and Internal Audit
• Alignment of Objectives, Risk & Control
• COSCO Framework
• Role of risk in establishing an effective control environment
• Establishing and Effective Control Environment

"Risk tolerance has to be a key factor when organizations assess their objectives and set their strategic direction."

"Controls must always be aligned with business objectives."

Video: 68 minutes • Overheads

Case study: Transforming the culture to deliver optimum risk management
Marilea Pattison Perry, Farm Credit Canada

• FCC’s Cultural Practices
• The Importance of Culture
• Cultural Performance and Practices
• ERM Roles & Responsibilities
• Accountability in Cultural Practices

"Culture is the values, rules, practices, rituals & norms through which business is conducted."

Video: 36 minutes • Overheads

Case study: Managing risks to service delivery
John Stroud, Canadian Air Transport Security Authority

• Identifying CATSA’s Significant Risks
• Implement Risk Controls
• CATSA’s Mandates & Responsibilities
• Multi-layer Air Transport Security System
• Public/Private Partnerships in Service Delivery
• Financial Incentive Programs

"It will be difficult to manage the risks associated with the screening system, when responsibility for the delivery of screening rests with third party Service Providers."

Video: 38 minutes • Overheads