The Victorian Government Risk Management Framework (VGRMF) sets out the standards that  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.

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Key changes in the VGRMF Guide

A summary of the key changes to the revised VGRMF that you’ll need to be across.

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Practical guidance for managing risk

Our new suite of support materials explain important concepts in risk management and give practical guidance that is easy to apply in your organisation.

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Control effectiveness

Take steps to reduce the likelihood and impacts of risk.