The Victorian Government Risk Management Framework (VGRMF) sets out the standards that all Victorian government departments and public bodies must meet when it comes to managing risk.
New and updated requirements [PDF, 1.34MB] come into effect from 1 July 2021. Your organisation will need to attest to these in the 2021-2022 financial year.
We encourage other organisations operating in or associated with the public sector to adopt the framework so that risk is being managed effectively and consistently across the sector.
To help you meet the requirements, we have produced a comprehensive set of guides. The Risk Maturity Benchmark will also help you assess your maturity and improve your frameworks, processes and culture over time.