http://www.publictechnology.net/modules.php?op=modload&name=News&file=article&sid=1963
"The National Audit Office reported to Parliament yesterday that good progress has been made by departments to improve their risk management capacity since his previous report in August 2000, although departments have further to go to demonstrate that they have made effective risk management a central part of their day to day management processes.
Effective risk management can help departments avoid failures in service delivery. Parliament's committees over the past few months have identified all-too-numerous examples of failure in IT projects with resultant risk and impact on government services.
Well managed risk taking also presents opportunities to deliver better public services, make more reliable decisions, improve efficiency and support innovation. The announcement in the Government�s July 2004 Spending Review of its intention to achieve savings of �21.5 billion a year, staff reductions of 84,000 in support functions by 2008 and sales of �30 billion of assets by 2010 makes effective risk management even more critical. If these targets are to be successfully met whilst also achieving Public Service Agreement targets risks will need to be successfully managed. "
