Operational Plan And Budget Template Page 19
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342015–2016 Operational Plan and Budget
Risk Management Activities: Key Focus for 2015–2016
A comprehensive risk assessment exercise was conducted by the executive management team
in the fall of 2014. During this process, a number of key risks are identified that may prevent
CIHI from achieving its strategic directions. The mitigation strategies for the identified risks are
described to then determine the most significant key risks facing the organization. These risks
are then assessed based on their likelihood of occurrence and their potential impacts on the
organization, while considering the existing mitigation strategies. This resulted in the
identification of four corporate risks that were each assigned to a specific risk champion from
the executive management team, who in turn has been given the responsibility to oversee the
development and monitoring of mitigation strategies and action plans for the coming fiscal year.
This risk management program will continue to evolve over the year, and the risks and
associated mitigation strategies (described below) will be reviewed, monitored and reported on
each quarter.
Risk
Description
Mitigation Strategies
Remaining Relevant
The need for national/pan-Canadian
1. Develop and implement a strategy to
There is a risk that CIHI will
data will become less relevant due to
improve timeliness in public reporting,
become less relevant and lose
the lack of federal involvement in
analytical products and data.
stakeholder support.
health care and pressure on
2. Pursue strategies to increase the
individual provinces and territories to
breadth and coverage of CIHI data.
Risk Assessment
deliver system transformation.
Likelihood: Unlikely
3. Through the development of a renewed
The increased availability of data
Impact: Very High
strategic plan, consult broadly with
from internal systems, including
internal and external stakeholders on
clinical registries, might focus system
CIHI’s relevance and how best to
managers’ efforts inward rather than
address the needs of stakeholders and
outward on cross-country
the selection of priority data and
comparable data. This could diminish
analytical projects.
CIHI’s importance as a source of
4. Work with CIHR to develop a linked
data for quality improvement.
data set based on a population grouper
The introduction of activity-based
and make available to researchers
funding models in several of our
through Strategy for Patient-Oriented
most populous provinces (British
Research (SPOR) network.
Columbia, Alberta and Ontario) has
raised the concern of gaming the
system, thereby damaging CIHI’s
reputation as a supplier of high-
quality data, information and
analytical reports.
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