Risk Management

​Our Commitment

Risk management is an essential component of organisation responsibility and accountability that supports the achievement of Queensland Rail’s vision. ​​Queensland Rail is committed to effectively managing risk at strategic and operational levels through the implementation of robust risk frameworks and in accordance with approved risk appetite statements.  We are committed to embedding risk management into our planning, processes and culture​.

What we will do

Queensland Rail applies the Risk Management Principles from ISO 31000:2018  to deliver effective risk management outcomes by​:

  • providing fit-for-purpose frameworks for risk and assurance
  • ensuring risks are managed in accordance with the Board approved risk appetite and fostering a proactive risk culture that supports informed risk-taking and decision-making
  • providing employees with clarity of responsibilities and guidance for managing risk
  • operationalising risk management through the implementation of the three lines of defence model 
  • continuously monitoring our operating environment to enable proactive management of our risk, including emerging threats and opportunities; and
  • ensuring effective oversight of risk management​ through strong governance processes.