Elements and Performance Criteria
- Identify and analyse the risk of various levels of service
- Council's strategic position and policy on risk management are interpreted.
- Council assets are audited to identify risk management context and potential areas of risk.
- Risk potential is determined by assessment of possible failure modes.
- Consequence of failure is determined taking into account financial, technical, social and political factors.
- Risk cost to council is quantified taking into account both major and minor failures.
- Acceptable risk level is evaluated.
- Develop risk management plan
- Organisational capacity to reduce or control the likelihood of incidents and consequences is analysed.
- Risk register is developed incorporating a probability/consequence matrix.
- Risk management policies and activities are clearly documented and communicated to all relevant personnel.
- Liaison and communication structures are established with relevant internal and external parties.
- Implement risk management plan
- Risks are examined in terms of the criteria in the risk management plan.
- Risks classified as acceptable are placed on a monitor/review watch list.
- Risks that are unacceptable are eliminated wherever practicable.
- Risks that cannot be eliminated are minimised in accordance with the risk management plan.
- Strategies for risk minimisation are documented.
- Monitor risk management plan
- Identify and analyse the risk of various levels of service
- Council's strategic position and policy on risk management are interpreted.
- Council assets are audited to identify risk management context and potential areas of risk.
- Risk potential is determined by assessment of possible failure modes.
- Consequence of failure is determined taking into account financial, technical, social and political factors.
- Risk cost to council is quantified taking into account both major and minor failures.
- Acceptable risk level is evaluated.
- Develop risk management plan
- Organisational capacity to reduce or control the likelihood of incidents and consequences is analysed.
- Risk register is developed incorporating a probability/consequence matrix.
- Risk management policies and activities are clearly documented and communicated to all relevant personnel.
- Liaison and communication structures are established with relevant internal and external parties.
- Implement risk management plan
- Risks are examined in terms of the criteria in the risk management plan.
- Risks classified as acceptable are placed on a monitor/review watch list.
- Risks that are unacceptable are eliminated wherever practicable.
- Risks that cannot be eliminated are minimised in accordance with the risk management plan.
- Strategies for risk minimisation are documented.
- Monitor risk management plan