The current business environment demands a more integrated approach to risk
management due to the complex interrelationship and reliance across all divisions of an
organisation. It is no longer sufficient to manage risk by individual or functional area.
Organisations around the world now benefit from a more comprehensive approach to
dealing with all risks.
The study has been influenced by the Treasury Board of Canada Secretariat's (TBS)
Integrated Risk Management Framework (IRM). Its aim is to promote and increase
awareness of IRM across all departments in the Eastern Cape Provincial Government
(ECPG). The study establishes progress towards implementation of IRM. The research
scope covered thirteen government departments in the Eastern Cape. The study includes
researching recent best public and private integrated risk management practices, both
internationally and locally. The approach included development of a questionnaire on
best practices and on principles of Integrated Risk Management based on TBS Integrated
Risk Management Framework. Interviews were conducted and results documented to
understand perceptions of the adequacy of current risk information in various
departments and to discuss possible improvements to IRM. The process of collecting
data for this study allowed information sharing with each department regarding current
IRM Practices, and stimulated discussion on the nature and importance of IRM and
actions that could move IRM forward.
The research highlights key elements of IRM and establishes the progress by departments
in implementing these elements. It also focuses on techniques and approaches that are
used by the departments in dealing with IRM implementation. It uses Risk Management
Maturity Continuum developed by Deloitte & Touche to determine extend to which
departments have implemented their IRM.
Lastly, the study highlights tools and techniques for strengthening of implementation of
IRM based on best practices and conclude by making recommendations. / Thesis (MBA)-University of KwaZulu-Natal, 2006.
| Identifer | oai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:ukzn/oai:http://researchspace.ukzn.ac.za:10413/10082 |
| Date | 27 November 2013 |
| Creators | Jabavu, Simlindile Wellington. |
| Contributors | Gani, Abdul Sattar. |
| Source Sets | South African National ETD Portal |
| Language | en_ZA |
| Detected Language | English |
| Type | Thesis |
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