Western Economic Diversification Canada
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Annex D: Overview of Corporate Risk Profile and Strategic Outcomes

   Policy, Advocacy, Coordination Community Economic Development Entrepreneurship and Innovation
Strategic Outcomes Policies and programs that support the development of Western Canada Economically viable communities in Western Canada with a high quality of life A competitive expanded business sector in western Canada and a strengthened western Canadian innovation system
Key Risks Alignment with Strategic Outcomes - Key risk mitigation strategies
Risk #1
Challenges in demonstrating results given measurement issues (capacity and ability to measure project results, attribution, lack of service standards

Ensure that WD’s financial and project management system will provide relevant information on the value of project funding (including both WD funding and funding leveraged from other project partners).

Ongoing monitoring and reporting process on the percentage of projects that successfully met performance targets.

Ensure that WD’s financial and project management system will provide relevant information on Disposable income per capita; labour productivity growth and educational attainment.

On-going refinement of performance measurement criteria for initiatives supporting Community Economic Development initiatives.

Ensure that WD’s financial and project management system will provide relevant information on Real Gross Domestic Product (GDP growth); International trade (value of exports, excluding primary production sectors and R & D intensity), gross Domestic Expenditures on  R & D as a percentage of GDP

Performance Measurement criteria in place for Research and Development, business clusters and commercialization of new products, technologies and services in sectors such as ICT/Wireless, biotechnology, nanotechnology and light synchrotron initiatives.

Continue work with WCBSN members to improve performance data capture and accuracy. Increase regional challenge of questionable data.

Risk #2
Many demands with respect to priorities – Organizational structure/capacity to meet the emerging accountability and management agenda requirements

Focus efforts on departmental priorities identified in Corporate Business Plan.

Limited resources require WD to focus efforts on key policies, programs and initiativies that will support the development of western Canada.

Ensure adequate resources and skill sets are in place to support activities such as research, conferences, consultation and feasibilitity studies to support the western Canadian Economy and focus on specific economic challenges and opportunities in the West.

Focus efforts on departmental priorities identified in Corporate Business Plan.

Focused attention to support communities with programs and services aimed at building capacity in the area of: infrastructure, investments in key trade corridors and diversification initiatives that will drive economic opportunities.

Ensure WD staff capacity to work with communities and conduct environmental assessments thru recruitment and training.

Focus efforts on departmental priorities identified in Corporate Business Plan.

Focused attention on rural diversification projects to increase capacity of rural areas across Western Canada.

Pursue initiatives that improve SME access to capital.

Support targeted projects that help industry to address access to skills and labour issues in Western Canada.

Ensure WD staff capacity is in place.to support economic growth and diversification initiatives including trade and investment activities thru recruitment and training.

Risk #3
Compliance with commitments to governing authorities and in TB submissions

A rigourous departmental audit and evaluation plan to monitor and ensure compliance with governing policies to support Policy, Advocacy and Coordination initiatives.

On-going training on Transfer Payment policy, writing of TB submissions to support compliance in Policy, Advocacy and Coordination.

A rigourous departmental audit and evaluation plan to monitor and ensure compliance with governing policies to support community Economic Development initiatives.

On-going training on Transfer Payment policy, writing of TB submissions to support compliance in Community Economic Development.

A rigourous departmental audit and evaluation plan to monitor and ensure compliance with governing policies to support Entrepreneurship and Innovation initiatives.

On-going training on Transfer Payment policy, writing of TB submissions to support compliance in Entrepreneurship and Innovation.

Risk #4
Reliance on partnerships and not for profits – client service

Establish good relations to work collaboratively with our partners and public sector counterparts.

Support and promote a horizontal network of Federal and Provincial departments to address and support long-term growth and diversification and promote coordination in areas of federal or shared federal provincial jurisdictions.

Develop a more coordinated, integrated and collaborative strategy to address community economic development issues in regions. This will include working with WCBSN members to improve accountability, performance and collaboration of community economic development initiatives.

Work with provinces and communities to manage MRIF projects and other existing infrastructure commitments, with a particular focus on encouraging better linkages between infrastructure and economic development.

Help entrepreneurs grow and expand their businesses by supporting specific sector initiatives as well as through the Western Canada Business Service Network (WCBSN).  As part of this strategy, strengthen the accountability, transparency and performance of the WCBSN.

Risk #5
Appropriateness of spending aligned with Report on Plans and Priorities

Enhance Corporate and Regional Business Planning to incorporate more robust Strategic Outcome and PAA based financial and program planning and reporting.

Enhance Corporate and Regional Business Planning to incorporate more robust Strategic Outcome and PAA based financial and program planning and reporting.

Enhance Corporate and Regional Business Planning to incorporate more robust Strategic Outcome and PAA based financial and program planning and reporting.

Risk #6
Effectiveness of Strategic Communications (internal and external)

Implement employee survey to gauge effectiveness of internal communications on Strategic Outcomes and priorities.

Implement corporate and regional communications plans and regularly monitor activities and results at Departmental and Regional management levels.

Seek and analyse key informant opinion to ensure that WD policy activities focus on key policies and programs that support the economic development of Western Canada.

Implement employee survey to gauge effectiveness of internal communications on Strategic Outcomes and priorities.

Implement corporate and regional communications plans and regularly monitor activities and results at Departmental and Regional management levels.

Implement federal-provincial communications protocols for Infrastructure program in conjunction with Infrastructure Canada

Implement employee survey to gauge effectiveness of internal communications on Strategic Outcomes and priorities.

Implement corporate and regional communications plans and regularly monitor activities and results at Departmental and Regional management levels.

Manage communications with WCBSN partners through a mix of individuals, regional and pan-west meetings.

Risk #7
 Recruitment, Retention, Succession Planning, and Training

Implement an HR plan on recruitment, retention, succession planning and training to ensure adequate capacity and skill sets are in place for Policy, Advocacy and Coordination initiatives.

Implement an HR plan on recruitment, retention, succession planning and training to ensure adequate capacity and skill sets are in place for Community Economic Development Initiatives.

Implement an HR plan on recruitment, retention, succession planning and training to ensure adequate capacity and skill sets are in place for Entrepreneurship and Innovation Initiatives.

Risk #8
Absence of comprehensive information architecture needed for integration of systems and providing road and for future

On-going development of Project Gateway initiative for reporting on plans, expenditures and performance measurement criteria supporting Policy, Advocacy and Coordination initiatives.

Implementation of an IT plan supporting supporting Policy, Advocacy and Coordination initiatives.

On-going development of Project Gateway initiative for reporting on plans, expenditures and performance measurement criteria supporting Community Economic initiatives.

Implementation of an IT plan supporting supporting Community Economic initiatives.

On-going development of Project Gateway initiative for reporting on plans, expenditures and performance measurement criteria supporting Entrepreneurship and Innovation initiatives.

Implementation of an IT plan supporting supporting Entrepreneurship and Innovation initiatives.

Work with WCBSN members to enhance automated performance data collection.