Makueni County Risk Management Policy Framework 2019

Abstract

Government of Kenya Treasury Circular No. 3/2009 issued by the Permanent Secretary, Office of the Deputy Prime Minister and Ministry of Finance mandates all Public Sector Accounting Officers, Chief Executives of State Corporations and Clerks to Local Authorities to develop and implement an institutional Risk Management Policy Framework. The framework should enable management to focus in a comprehensive and holistic basis on all risks faced by the public institution which could impact on the achievement of strategic objectives as well as service delivery targets and thereby enhance accountability to public sector stakeholders. In line with this requirement, the County Government of Makueni is committed to protecting itself, county public servants and others from situations or events that would prevent it from achieving its strategic goals and objectives. Risk management is an integral part of good governance, good management practice and the assurance of safe and productive workplace environment. This framework will institutionalize an efficient and effective systematic approach to managing risks and opportunities in the County. Risk is inherent in all County Government operations. Our risk management process does not encourage officers to be risk averse. The framework empowers our officers to manage risk to acceptable levels and to take risks commensurate with assessed opportunities. The key driver in managing our risk will be to consistently and systematically manage risk so as to maximize operational outcomes, obtain the benefit of opportunities, manage uncertainty and minimize the impact of adverse events.