RISK MANAGEMENT FRAMEWORK AND RISK MANAGEMENT PLAN Clause Samples

The "Risk Management Framework and Risk Management Plan" clause establishes the requirement for an organization to develop, implement, and maintain a structured approach to identifying, assessing, and mitigating risks associated with its operations or a specific project. Typically, this involves outlining the processes, roles, and responsibilities for risk management, as well as creating a formal plan that details how risks will be monitored and controlled throughout the project lifecycle. By mandating a comprehensive framework and plan, this clause ensures that potential threats are proactively managed, reducing the likelihood of unforeseen issues and supporting informed decision-making.
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RISK MANAGEMENT FRAMEWORK AND RISK MANAGEMENT PLAN. CAO will conduct a risk assessment and develop a risk management plan that will include: CAO’s objectives; Risks to the achievement of those objectives; Risk mitigation strategies; Maintenance of a system of internal controls to minimize risk; and Documentation of policies and procedures to manage risk. A summary of the risk management plan shall be provided to the Ministry annually for review at the same time as, or as a component of, CAO’s annual business plan. Chair Minister of Government and Consumer Services Date: Date: SCHEDULE “G” – INITIAL FEE SETTING PROCESS AND CRITERIA
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RISK MANAGEMENT FRAMEWORK AND RISK MANAGEMENT PLAN. Utilizing a risk-based approach to mandate fulfillment and service delivery, the BAO will conduct a risk assessment to identify, assess and mitigate risks and develop a risk management plan that will include: (a) The BAO (b) Risks to the achievement of those objectives (c) Risk mitigation strategies; (d) Maintenance of a system of internal controls to minimize risk; and (e) Documentation of policies and procedures to manage risk. In order to facilitate informed and coordinated responses to any issues that emerge, twice annually the BAO will provide the Minister with reports on high and medium risks with corresponding mitigation strategies. A summary of the risk management plan including a summary of key information that conveys how the BAO will ensure continuous delivery of critical business services in the event of an emergency (e.g., expansion of digital service delivery), shall be provided to the Minister annually for review at the same time as, or as a component of, the BAO annual business plan. The occurrence of any risk(s) that required the use of any mitigations can be reported through the annual report.
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RISK MANAGEMENT FRAMEWORK AND RISK MANAGEMENT PLAN. CAO will conduct a risk assessment and develop a risk management plan that will include: (a) CAO’s objectives; (b) Risks to the achievement of those objectives; (c) Risk mitigation strategies; (d) Maintenance of a system of internal controls to minimize risk; and (e) Documentation of policies and procedures to manage risk. A summary of the risk management plan shall be provided to the Ministry annually for review at the same time as, or as a component of, CAO’s annual business plan. Chair Minister of Government and Consumer Services Date: Date: This Schedule applies exclusively to initial fees, costs or other charges (“fees”) and assessments set by the Condominium Authority that take effect between the date of its designation and December 31, 2017, in accordance with section 1.29 and 1.30 of the Act except for any orders made by the Tribunal directing a party to a proceeding to pay any costs, penalties, damages, or other amounts. This Schedule also does not apply to any changes to such initial fees or assessments, or to incidental administrative fees such as non-sufficient funds charges.
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RISK MANAGEMENT FRAMEWORK AND RISK MANAGEMENT PLAN. Utilizing a risk-based approach to mandate fulfillment and service delivery, the CMRAO will conduct a risk assessment to identify, assess and mitigate risks and develop a risk management plan that will include: (a) The CMRAO’s objectives; (b) Risks to the achievement of those objectives (c) Risk mitigation strategies; (d) Maintenance of a system of internal controls to minimize risk; and (e) Documentation of policies and procedures to manage risk. In order to facilitate informed and coordinated responses to any issues that emerge, twice annually the CMRAO will provide the Minister with reports on high and medium risks with corresponding mitigation strategies. A summary of the risk management plan including a summary of key information that conveys how the authority will ensure continuous delivery of critical business services in the event of an emergency (e.g. expansion of digital service delivery), shall be provided to the Minister annually for review at the same time as, or as a component of, the CMRAO’s annual business plan. The occurrence of any risk(s) that required the use of any mitigations can be reported through the annual report.
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RISK MANAGEMENT FRAMEWORK AND RISK MANAGEMENT PLAN. Utilizing a risk-based approach to mandate fulfillment and service delivery, TICO will conduct a risk assessment to identify, assess and mitigate risks and develop a risk management plan that will include: (a) TICO’s objectives; (b) Risks to the achievement of those objectives (c) Risk mitigation strategies; (d) Maintenance of a system of internal controls to minimize risk; and (e) Documentation of policies and procedures to manage risk. In order to facilitate informed and coordinated responses to any issues that emerge, twice annually the Travel Industry Council of Ontario will provide the Minister with reports on high and medium risks with corresponding mitigation strategies. A summary of the risk management plan including a summary of key information that conveys how TICO will ensure continuous delivery of critical business services in the event of an emergency (e.g. expansion of digital service delivery), shall be provided to the Minister annually for review at the same time as, or as a component of, TICO’s annual business plan. The occurrence of any risk(s) that required the use of any mitigations can be reported through the Annual Report.
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RISK MANAGEMENT FRAMEWORK AND RISK MANAGEMENT PLAN. Utilizing a risk-based approach to mandate fulfillment and service delivery, the RHRA will conduct a risk assessment to identify, assess and mitigate risks and develop a risk management plan that will include: (a) The RHRA’s objectives; (b) Risks to the achievement of those objectives; (c) Risk mitigation strategies; (d) Maintenance of a system of internal controls to minimize risk; and (e) Documentation of policies and procedures to manage risk. In order to facilitate informed and coordinated responses to any issues that emerge, the RHRA will provide the Minister with reports on high and medium risks with corresponding mitigation strategies. A summary of the risk management plan, including key information that conveys how the RHRA will ensure continuous delivery of critical business services in the event of an emergency, shall be provided to the Minister annually for review at the same time as, or as a component of, the RHRA’s annual business plan. The occurrence of any risk(s) that required the use of any mitigations can be reported through the Annual Report.
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