Anticipating and managing risks is an essential process which helps government organisations ensure the safety, security and well-being of Victorians.

The Victorian Government Risk Management Framework helps government organisations do this by promoting best practice risk management and outlining mandatory risk management requirements for the public sector bodies covered by the Financial Management Act 1994. 

Our Support

As the Victorian government’s insurer, we can partner with you to help implement the VGRMF. The support we offer ranges from risk advice, thought leadership through to the coordination of risk prevention, recovery and assurance. It gives you access to:

  • Education: building the skills and capabilities of your team to better respond to risks
  • Advice: providing expert advice and consulting services to assist you in tackling your issues, guiding action and decision making.
  • Insight: helping you turn information into knowledge, to know what’s important and guide your action.
  • Learn: reflecting on what’s gone wrong to make changes for the future.


See below a range of resources for additional practical support, advice and guidance on key VGRMF topics.

Risk Culture Practice Notes. Developing a positive risk culture is essential to the successful delivery of strategic goals.  Download document hereAttestation  Practice Notes. Agencies have to meet three mandatory requirements to comply with Ministerial Standing Direction 4.5.5.. Download document hereInteragency & State Significant Risks Practice Notes. Agencies are required to identify and contribute to the management of both interagency and State significant risks.  Downlaod document hereIncorporating Risk into Corporate Planning Practice Notes. The Responsible Body must be satisfied risk management is incorporated into the agency’s corporate and business planning processes.  Download document hereRisk Management Tools. A variety of insurance and risk templates on this page including a risk assessment, risk register, categories of risk, insurance register, indemnities register and more. Download Document here

Page last updated: 15 May 2019