SECTION 5: RISK MANAGEMENT PLAN
This Section sets out the Health Department's approach to risk management. The first part deals with the key risk management process that an organisation of this Department's size should have in place if it is to manage risk appropriately. The second part is the Departmental Risk Register. Both parts will be kept under continuous review by the Departmental Management Board.
SECTION 5: RISK MANAGEMENT PLAN
Introduction
Health Department risk management has thus far been based on risk registers at both Divisional and Departmental level. Arrangements at Divisional level will continue unchanged but a new approach is to be taken at Departmental level.
The 4 Components of Risk Management in the Health Department
The following 3 elements of the risk management process are to be reviewed by the Health Department Board each June and December:
The Department's assessment of where it stands against the risks identified in the Priorities and Risks Framework by Audit Scotland. A grid recording progress and plans in managing each risk area is attached (Appendix A). This grid will form the risk register at Departmental level. It will be reviewed and considered by the Health Department Board each July and December.
The risk assessments which have been produced for each Partnership Agreement commitment. These are to be reviewed for those commitments not yet achieved.
The Divisional risk registers, the compilation of which is to be reviewed by the Health Department Board.
The fourth element relates to the monitoring of the key targets and performance measures through a balanced scorecard. This is:
The above approach will apply to risk management in 2005-06. The Health Department Board will review the plan, and how effective it has been, in March 2006.