Enterprise Risk Management Framework

OBJECTIVE

The Enterprise Risk Management Framework (ERMF) provides the necessary foundations and organizational arrangements for managing risk across the GRA. The Framework outlines how GRA ensures that it manages risks effectively and efficiently.

CONTENT

The Specific Objectives of the Framework are:

•  Integrate enterprise risk management within the GRA’s performance management cycle,
• Communicate GRA’s policy, approach and attitude to risk management,
• Set the scope and application of risk management within the organization,
• Establish the roles and responsibilities for managing risk,
• Set out a consistent approach for managing risks across the GRA,
• Detail the process for escalating and reporting risks,
• Corporate governance,
• Increase compliance,
•  Promote effective service delivery,
• Minimize revenue and organizational loses