Business Plan 2013-2014 - RDA Murraylands & Riverland Inc

9. Operational Risk ManagementStrategyRDA M&R has adopted a risk management approach that identifies and mitigates risk at twolevels. To this end, RDA M&R Risk Management Strategy operates at two levels:Two level approach to risk1. Strategic (Board) Risk Management Plan – details risks to the overall organisation that areidentified as potentially detrimental to the financial and operating status of the organisation.Prime responsibility for the management, implementation and monitoring of this plan rests withthe Chair and Board of RDA M&R.2. Operational (Staff) Risk Management Plan – details the risk to the day to day operation ofRDA M&R. Prime responsibility for the management, implementation and monitoring of thisplan rests with the Chief Executive and the Economic Development Manager (Berri Office).The table that follows on the next two pages outlines how operational risks will be managed byRDA M&R.The Strategic (Board) Risk Management Plan is housed within the RDA M&R Board Policies,Policy 1.Page 28