Qatar
Ministry stresses on importance of risk management in supporting QNV 2030
December 22, 2022 | 10:54 PM
The Ministry of Justice confirmed that risk management has become a system of work that enhances and supports the goals of Qatar National Vision 2030, pointing out that it hopes to develop an effective national plan to manage this aspect, providing a continuous methodology for identifying and classifying risks, and enabling the various competent departments to identify risks and know their causes, in addition to providing assistance in identifying strategic risks at the state level, and working to solve and address them as soon as possible.Undersecretary at the Ministry of Justice Sultan bin Abdullah al-Suwaidi explained during a workshop by the Planning, Quality and Innovation Department at the ministry on risk management, in co-operation and co-ordination with the Risk & Quality Assurance Department at the State Audit Bureau, that the issue of risk management is no longer an option that one take or overlook, but rather a work system that enhances and complements the goals of Qatar National Vision 2030, national development strategies and its sectoral projects,He pointed out that the Ministry of Justice hopes to develop an effective national plan for risk management in Qatar, which enhances the culture of managing this file, and provides a continuous methodology for identifying and classifying its risks, with the aim of enabling the various competent departments in state institutions to know its causes, in addition to helping to identify strategic risks and work on neutralise and confront it.He stated that this workshop also comes within the framework of the ministry's endeavour to enhance the culture of risk management, and to implement the risk management methodology approved by the State Audit Bureau, with the aim of knowing the mechanisms to expedite the treatment of risks. Director of the Planning, Quality and Innovation Department at the Ministry of Justice Hadeel Abdul Latif al-Jaber, considered that managing and evaluating risks has become an integral part of the successful governance of good governments, considering Qatar an example to follow in applying its mechanisms at the regional and international levels.She indicated that this workshop comes within an integrated vision to build the ministry's capabilities in the field of risk assessment and management, in order to ensure the success of the projects adopted by the ministry in the short and long term, in a way that guarantees a standard level of quality, and achieves the ministry's institutional goals in continuous development and innovation.For his part, HE Director of Risk Management & Quality Assurance Department at the State Audit Bureau Sheikh Sultan Nayef al-Thani presented comprehensive models on the nature and management of risks, and ways to confront them, based on the determinants of Qatar National Vision 2030, which adopts as part of Qatar's economic strategy the necessity of awareness to a number of risks that may limit the realization of its ambitions. HE Sheikh Sultan reviewed the time frame for risk management, the risk register at the level of the entity, and at the level of operational processes, the method of risk management, the risk management process, the models and support that can be provided or requested, in addition to the standard for identifying potential risk. He stressed the importance of the role assigned to operating managers, as they are the first line of defense in the self-assessment of risks and controls of departments, and the implementation of treatment plans.
December 22, 2022 | 10:54 PM