Library and Archives Canada
Symbol of the Government of Canada

ARCHIVED - About Us

Archived Content

This archived Web page remains online for reference, research or recordkeeping purposes. This page will not be altered or updated. Web pages that are archived on the Internet are not subject to the Government of Canada Web Standards. As per the Communications Policy of the Government of Canada, you can request alternate formats of this page on the Contact Us page.

Audits and Evaluations

Risk Management

Audit Report
November 2009

Return

Figure 1: Risk Management Maturity Model

Intuitive (Informal) Risk Management:
-Countless day to day minor and moderate risks effectively managed;
-Helpful as a factor in decision-making for immediate demands on major issues.

Risk Aware:
-Formal methods emerging for significant risks (integration with planning);
-Risk Management Function Initial Investments.

Risk Attentive:
-Risk Universe Established (map of priority exposure areas);
-Intelligent (information-based) Risk-Taking.

Risk Mature:
-Risks indicators monitored;
-Well defined, common understanding of risk tolerance.

Return