Integrated public sector risk management workshop

This workshop provides a basis for officials from government and other public entities to effectively deal with uncertainty and associated risk and/or opportunity, thereby enhancing institutional

Risk management within various government spheres has been less emphasized when compared to the broader public finance management. Public sector entities in South Africa are currently guided, in their risk management practices, by the Public Finance Management Act ("PFMA"), MFMA (applicable to municipalities) and the National Treasury Risk Management Framework. However, the two legislative and regulatory provisions are theoretical and do not provide practical guidance for the implementation of risk management.

The Public Sector Risk Management Framework released by the National Treasury in 2008 represents the most excellent source of reference and guidance on risk management practices in the public sector.

This Framework retains the principles borrowed from the COSO II - Enterprise Risk Management (ERM) Framework, but aims to support the objectives of public sector institutions (including municipalities) through providing information and guidance to enable the implementation and maintenance of effective systems to identify and mitigate the risks that threaten the attainment of service delivery and other objectives, and optimize opportunities that enhance institutional performance.

Due to the current global financial crisis and economic 'meltdown', risk management is receiving tremendous attention and is regarded by many practitioners as effective mechanism to 'weather' organisations throughout the current difficult and uncertain economic times. By attending this workshop, officials from all spheres of government will be equipped to use risk management to enhance their institutions' financial and service delivery performance.

The workshop is designed to provide a comprehensive update on public sector risk management for:

  • Risk Managers / Officers
  • CFOs / Finance Officers
  • Internal Auditors
  • Municipal Managers
  • CEOs / HODs

    Although the workshop will suit the needs of new entrants to the risk management field, it will also speak to the more experienced risk practitioners.

    Learning Outcomes
    On attending this workshop the delegates will learn the fundamentals of risk management and how to apply risk related concepts to suit their own unique environments. The delegates will therefore demonstrate competence in:

  • Establishing organisational and governance risk structures
  • Developing risk policies and procedures
  • Applying risk management approaches
  • Setting risk appetite and tolerance levels
  • Establishing a risk management process
  • Identifying and assessing risks
  • Determining and implementing risk controls
  • Employing 'international best practice' in risk management
  • Utilising risk techniques, tools and systems

    Date: 11 November 2010 to 12 November 2010
    Venue: Birchwood Hotel, Boksburg, Johannesburg


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