17 Risk management The management of risk is an essential activity to ensure that we achieve our performance goals and results. We have identified our exposure in a number of areas and identified what could go wrong. We monitor these areas closely and have systems, capabilities and strategies in place to minimise both the likelihood and impact of the risk on our performance. R  IS k R  ESPONSE S TRATEG y Loss of effectiveness in our report recommendations and advice to Government We will take opportunities to meet regularly with the Minister and other stakeholders in Government as appropriate. Our research will encompass a wide range of views so that our reports and advice to government are authoritative and robust. Slippage in project timelines arising from pressure on staff resources and budget We will prioritise our work and allocate resources to achieve the greatest impact consistent with Government priorities and intended outcomes. We will monitor project milestones and work programme commitments closely, setting tight, realistic budgets and reprioritising resources to achieve greatest value for money. We are not valued by stakeholders We will develop effective working relationships with relevant stakeholders and Government agencies working collaboratively on projects where possible. We are unable to recruit and retain staff with necessary expertise and experience We will endeavour to offer an attractive employment package and work with staff to build a challenging and rewarding working environment where skill and experience is valued.