2017-18 Departmental Plan
Key risks: things that could affect our ability to achieve our plans and results

Risks Risk response strategy Link to the department’s programs
(or core responsibilities)
Link to the minister’s mandate letter commitments, or to government‑wide and departmental priorities
Economic Context

There is a risk that the achievement of expected results from the Agency’s economic development programming may be affected by external factors that contribute to uncertainties for economic growth in Atlantic Canada.

- Conduct ongoing research and analysis of the factors affecting economic growth in Atlantic Canada.

- Gather ongoing intelligence, facilitated by the Agency’s networks and regional presence.

- Capitalize on the flexibility of the Agency’s programming, on its advocacy role, and on its integrated planning process in order to proactively address the risks and opportunities presented by these uncertainties; implement national strategies in the region; and focus on regional strategies.

A Management Action Plan is in place for this risk, and it is reviewed with senior management annually, or as required.

Enterprise Development

Community Development

Policy, Advocacy and Coordination

Minister’s Mandate Letter:

- to help Canadian businesses grow, innovate and export, and more specifically make strategic investments that build on competitive regional advantages

- to develop an Innovation Agenda

Atlantic Growth Strategy

External Capacity

There is a risk that partner, community and client capacity for the identification, development and successful implementation of strategic projects may not be sufficient to support the optimal achievement of ACOA’s program objectives.

- Ensure ongoing research, analysis, intelligence gathering and information sharing.

- Work closely with its partners and stakeholders to foster client and community capacity; to increase private-sector capital investment in the region; to adapt and implement federal strategies to the regional context; and to engage regional partners in aligning investments.

- Capitalize on the Agency’s integrated planning process in order to understand and strategically address differences in how this risk expresses itself across ACOA regions.

A Management Action Plan is in place for this risk, and it is reviewed with senior management annually or as required.

Enterprise Development

Community Development

Policy, Advocacy and Coordination

Minister’s Mandate Letter:

- to help Canadian businesses grow, innovate and export, and more specifically make strategic investments that build on competitive regional advantages

- to develop an Innovation Agenda

Atlantic Growth Strategy

ACOA’s work is driven by client requirements, Government of Canada priorities, and ever changing local and regional economic landscapes, as described in the Operating Context section. These drivers give rise to uncertainties that can affect the Agency’s ability to achieve expected results.

The Agency’s response strategies to key risks, and management action plans, will continue to support ACOA in its plan to address challenges and capitalize on opportunities, by focusing its activities and resources to ensure proper alignment of its mandate with the Government of Canada priorities. This will be done through strong collaboration and information sharing within the ISED portfolio and with other federal and provincial departments and agencies, and by delivering its programming in a manner that is integrated, strategic, and responsive to the circumstances affecting each Atlantic province.

ACOA will continue to monitor relevant Government of Canada risks to ensure that the Agency’s response is consistent with related whole-of-government strategies. Information management and information technology security represents an area of uncertainty given the frequency, complexity and severity of cyber-attacks. ACOA will mitigate this risk through information stewardship, implementation of Government of Canada policies and procedures, proactive internal communications to promote employee awareness, and the timely implementation of information technology security actions in response to cyber security threats.

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