Comcare's business planning framework is underpinned by corporate and group risk assessments. Ongoing risk management is the responsibility of all Comcare Executive members as part of their normal operations. The Audit and Risk Committee reviews the risk management framework annually.
Comcare relies on a range of strategies to address these risks. These include managing stakeholder relationships, implementing sound project management and contract management practices, and building capability in the workforce.
Comcare participated in Comcover's Risk Management Benchmarking Survey for 2016 and received an overall rating of 'integrated', against a scale spanning 'fundamental', 'developed', systematic, integrated, advanced and optimal. The average rating for agencies with similar risk drivers was 'integrated'. Comcare will continue to review its risk management practices in 2016–17 to ensure we continue to provide effective mechanisms to identify and manage risks to its objectives.