Risk management approach
Risk policy and practice in the ABS is guided by the need for balance between rigour around critical and strategically important projects and programs, and cost-effectiveness in our routine business operations.
The ABS is intensifying its engagement with risk in response to a more challenging external context, the growing expectations of customers, increasing cyber security threats, and constrained resources.
The ABS has a fit-for-purpose and structured enterprise risk management framework. A more visible and active risk governance model has been instituted to ensure that strategic and operational decisions are supported by a thorough appreciation of current and emerging uncertainties, and appropriately informed by an understanding of the controls required to deliver the level of confidence expected by the ABS Executive. Routine management reporting and oversight are supported by a commitment to mature organisational risk capabilities and positive risk culture.
The ABS is fundamentally committed to fit for purpose statistical quality and takes an appropriately cautious approach to risks that could undermine its delivery of world class statistical products and services. Our commitment to the continued transformation of our capabilities makes it necessary to embrace some opportunities for change and growth that impose unavoidable challenges. Decisions made by staff and managers are informed by a detailed category-level risk appetite statement that points to areas where greater or lesser risk is deemed appropriate for the ABS.
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