Risk management plan
The National Gallery of Australia (the Gallery) is committed to managing the reduction of the level of risk to:
- the national collection, and loans of works of art in the care of the Gallery
- all stakeholders and the public
- the Gallery’s employees and their skills
- the environment in which the Gallery operates
- the quality of services supplied by the Gallery
- the Gallery’s assets and intellectual property
- the Gallery’s contractual and statutory obligations
- the Gallery’s image and reputation
Risk management is a key part of improving business and services, to enable the Gallery to continue to be a leading art gallery in Australia. The Gallery’s aim is to achieve best practice in managing all risks to which the Gallery’s business is exposed. The Gallery is committed to a comprehensive and systematic approach to effective management of assets and resources.
Risk management enables the Gallery to manage and monitor risks to an acceptable level. Risk management decisions and practices are in accordance with the Gallery’s core values and leadership behaviours, and with the Gallery’s code of ethics.
Risk managementis the term applied to a logical and systematic method of establishing the context, identifying, analysing, evaluating, treating, monitoring and communicating risks associated with any function, activity or process in a way that will enable the Gallery to minimise losses and maximise opportunities.In accordance with Commonwealth Government and industry best practice, the Gallery is committed to the effective management of potential opportunities and adverse effects. This commitment requires compliance with the Australian/New Zealand Standard AS/NZS 4360:2004 Risk management and the Management Advisory Board’s Management Improvement Advisory Committee, Guidelines for Managing Risk in the Australian Public Service.