Risk management framework

Risk management contributes to good corporate governance in providing reasonable assurance to executive management that organisational objectives will be achieved within a tolerable degree of risk. It also provides for the identification of factors that may impact on the ability of the department to deliver its services and to promote opportunities through a process of risk identification, analysis, evaluation, treatment and review. Risk management is an essential component of managerial responsibility and accountability to achieve Transport and Main Roads' vision of Connecting Queensland – delivering transport for prosperity.

The department's risk management framework is a set of components that provide the structure for designing, implementing, monitoring, reviewing and continually improving risk management practices across the department. The framework is aligned to the international risk management standard, AS/NZS ISO 31000:2009. (Refer to that standard to gain a fuller understanding on the department's approach to risk management in general.)

If you are a applying for a tender and would like to know further information about the risk management requirements, please enquire through the specified tender process.