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DTSTART;TZID=Europe/Dublin:20260908T093000
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DTSTAMP:20260723T133301Z
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UID:59765-1788859800-1788865200@pai.ie
SUMMARY:Acceptable Risk: When Delay Has Its Own Cost
DESCRIPTION:Acceptable Risk: When Delay Has Its Own Cost – Can the Government’s New Risk Statement Change Public Sector Decision-Making? \nFrom Paper to Practice: Moving from “Acceptable Risk” to “Accepting Risk” \nExecutive Leadership Conversation | 90 Minutes | CPD Accredited \nDuration: 90 minutes (Online) \nDate & Time: Tuesday\, 8 September 2026 (09.30 – 11.00) \n  \nParticipants will receive an electronic delegate pack of speaker notes & limited access recording along with a Certificate of Attendance recognising 1.50 hours of Continuing Professional Development (CPD). \nEvent Overview \nThe Government’s recently published Risk Statement signals an important shift in how the Irish public sector is encouraged to think about risk in the delivery of major public investment and public services. It recognises that while managing risk remains fundamental to good governance\, delay itself carries significant economic\, social and environmental costs. \nThe Government has set out a framework for acceptable risk. The challenge for public sector leaders is translating that framework into confident\, proportionate decision-making. Moving from acceptable risk to accepting risk is not simply a policy challenge—it is a leadership challenge. \nThe more difficult question is whether changing policy is enough to change behaviour—or whether lasting change also depends on leadership\, organisational culture\, governance and confidence in decision-making. \nFor many public servants\, the challenge has never been simply one of risk appetite. It is about balancing competing risks—delivery risk\, financial risk\, legal risk\, reputational risk and public accountability—while making timely\, proportionate and evidence-based decisions. \nThis inaugural event in PAI Leadership Conversations brings together three distinct perspectives\, policy\, economics and public sector leadership\, to explore not only what the Government’s new Risk Statement means\, but whether it has the potential to influence organisational behaviour and improve decision-making across the public service. \nRather than revisiting the policy announcement itself\, this executive leadership conversation asks a more fundamental question: \nCan the Government’s new Risk Statement change public sector decision-making…or is something more required? \n  \nStrategic Aim of this Event \nThis event is not intended to provide a technical briefing on the Government’s Risk Statement. \nInstead\, it uses the Statement as the catalyst for a broader executive conversation about how decisions are made across the Irish public service. \nThe discussion explores the journey from paper to practice…from defining acceptable risk in policy to creating the leadership\, governance and organisational conditions that give people the confidence to accept proportionate risk in practice. \n  \nLearning Objectives \nBy the end of this event\, participants will be able to: \n\nUnderstand the purpose and intent of the Government’s new Risk Statement.\nRecognise why delay should be considered a material risk in public sector decision-making.\nExplore the leadership\, governance and organisational factors that influence decision-making behaviours.\nConsider practical approaches to creating greater confidence for timely\, proportionate and evidence-based decision-making across the public service.\n\n  \nWho Should Attend? \nThis event is designed for senior leaders and decision-makers across the Irish public service\, including: \n\nSecretaries General and Assistant Secretaries\nChief Executives of State Agencies\nLocal Authority Chief Executives\nSenior Public Procurement Professionals\nProgramme Sponsors and Senior Responsible Owners\nHeads of Finance\, Governance and Risk\nInfrastructure and Capital Delivery Leaders\nPolicy Advisors and Public Service Leaders
URL:https://pai.ie/events/acceptable-risk-when-delay-has-its-own-cost/
ATTACH;FMTTYPE=image/png:https://pai.ie/wp-content/uploads/2026/07/Acceptable-Risk-When-Delay-Has-Its-Own-Cost-Can-the-Governments-New-Risk-Statement-Change-Public-Sector-Decision-Making-1.png
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