A key function of Comcover is to assist entities to build their capability to manage risk across the Australian Government. Comcover aims to enable entities to obtain the knowledge, skills and expertise that will assist them to successfully implement and integrate risk management within their organisations.
The Commonwealth Risk Management Policy
The Commonwealth Risk Management Policy was released on 1 July 2014. The Policy supports the Public Governance, Performance and Accountability Act 2013 (PGPA Act), which requires accountable authorities of entities to establish and maintain appropriate systems and internal controls for the oversight and management of risk. An update to the Policy is due to come into effect on 1 January 2023.
A Guide to Implementing the Commonwealth Risk Management Policy is available and provides practical advice and suggestions on how to approach implementing each element of the RM Policy. The Guide is also available as an interactive e-book containing links to additional content.
A key way to increase risk awareness in the Australian Government is through effective risk management training. Comcover provides a comprehensive risk management training program which includes face‑to‑face training courses, online learning and an executive professional development program.
2021 Comcover Risk Management Benchmarking Program
The Comcover Risk Management Benchmarking Program, a key part of Comcover’s risk management services, is designed for fund members to self-assess their risk management capability against five key risk areas of focus that have been identified in recent whole-of-government reviews.
The 2021 Comcover Risk Management Benchmarking Survey is a component of the Program, which measures the maturity of entities’ risk frameworks, and provides entities with an ability to track their risk management performance against their peers,
The 2021 Comcover Risk Management Benchmarking Survey opened on Monday, 1 February, and closed on Friday, 12 March 2021. Thank you to all who participated and submitted their surveys.