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Statement of Intent 2007-2010

Te Puni Kōkiri Strategic Risks

Te Puni Kōkiri’s current objectives for its integrated risk management framework are:

To embed risk management practices as integral management functions into policy development, strategic and business planning, and project management functions to ensure that key risks are identified and managed throughout Te Puni Kōkiri; and
To ensure key internal governing bodies are being informed on a regular basis of the key risks identified, how they are being managed, and on the effectiveness and responsiveness of the risk management activities.

During 2006/07 Te Puni Kōkiri’s Audit and Risk Management Committee and its Internal Audit function operated as principal components of its Risk Management Framework.

The current key risks relevant to this Statement of Intent and associated risk management strategies are detailed in the table below.

Risks	Management Strategy
Stakeholder relationships are not driven off outcomes, and messages and behaviours are inconsistent	Continued development of relationship management strategies and skills Continued development of communication tools
Not maintaining an overview of government policy initiatives pertaining to Māori	Development of the Māori Potential Framework as a tool to be used by other agencies Develop outcomes monitoring and agency liaison approach with other agencies Develop relationship management strategies with iwi, hapü, and whānau aimed at representing their aspirations for government policy development
Investment strategies do not address areas of greatest potential	Use of economic forecasting to inform future planning and decision making Develop investment framework and model for rationalising resources in line with strategic priorities Information gathering at a national and regional level to be enhanced and linked to strategic business context Review investment framework to determine which investments offer the greatest returns
Te Puni Kōkiri does not know what it is achieving with its investments or its interventions	Develop performance indicators for the measurement of effectiveness and efficiency relating to the achievement of outcomes Develop cost effectiveness measures for its interventions Outcome measures for Māori organisations will be monitored One-off evaluations of selected investments will allow us to assess the impact of interventions and consider where improvements can be made.