4 Public sector organisations should foster a pragmatic approach to risk management at all levels.1 This involves:
❑ Establishing a risk management framework, within which risks are identified and managed;
❑ Senior management support, ownership and leadership of risk management policies;
❑ Clear communication of organisational risk management policies to all staff; and
❑ Fully embedding risk management into business processes and ensuring it applies consistently.
5 These actions should help establish an organisational culture that supports well thought out risk taking and innovation.
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1 On the 20 Novemeber 2002, the government (Strategy Unit) published new proposals to help improve risk management in the public sector. See the Cabinet Office website for further details (http://www.cabinet-office.gov.uk/)