Risk is the threat that an event or action will adversely affect an organisation's ability to achieve its objectives and to successfully execute its strategies.
Risk Management is the process by which risks are identified, evaluated and controlled. It is a key element of the framework of governance together with community focus; structures and processes, standards of conduct and service delivery arrangements (Audit Commission - Worth the Risk extract).
Our risk management strategy (see below) sets out the processes and structures in place to identify, record, measure, control and manage risk at all levels within the authority. It clarifies roles and responsibilities and provides the necessary tools and advice for effective risk management. This will be supported by awareness raising and training to embed risk management principles at every level of the authority.
As an organisation we have identified our strategic risks and have a process in place to control and monitor them. We will regularly review them (at least annually) to ensure that the strategic risk register remains up-to-date. We also have a system in place to identify project and operational risks at an early stage and again to control and monitor them effectively.
The latest quarterly risk monitoring information is available below.
|[148kb]||Risk information Q3 2017_18||Risk information Q3 2017_18|
|[97kb]||Risk information Q2 2017_18||Risk information Q2 2017_18|
|[97kb]||Risk information Q1 2017_18||Risk information Q1 2017_18|
|[209kb]||Risk information Q4 2016_2017||Risk information Q4 2016_2017|
|[654kb]||Risk Management Framework||A framework for managing risk|
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