Baseline study : Integrated risk management within the DND/CF

The VCDS organization will follow-up with Level 1s to identify an OPI to participate in the development of a more detailed action plan, so that a complete understanding of the requirements can be articulated, and the plan sets the DND/CF on a course to improve risk management DND/CF-wide. [...] Risk is the expression of the likelihood and impact of an event with the potential to influence organizational objectives.7 Risk Management Risk management is the systematic approach or process that sets the best course of action under uncertainty by identifying, assessing, understanding, acting on and communicating risk issues.8 Integrated Risk IRM is a continuous, proactive and systematic proces [...] Focus on risk identification with ad hoc Risk management processes are established for certain key areas; Risk management policies, processes Risks are measured and managed The organization is focused risk management activities based on Description individuals, not the organization processes are reliable for risk management and standards are defined and proactively; risks are aggregated on the con [...] The concept of risk management is not Risk management policies or guidelines A common definition of risk is used and Standardized tools and techniques are Risk management is fully integrated well understood are in place in key operational or priority there is a defined organization-wide risk used for managing risks across the organization and levels of Capabilities & Risk management is ad hoc and [...] The maturity continuum has been used in the DND/CF baseline assessment to situate current DND/CF risk management practices along the continuum and to help identify opportunities to move the DND/CF forward to a more integrated, proactive risk management approach.