Transport Asset Management Plan - Halton Borough Council
Transport Asset Management Plan - Halton Borough Council
Transport Asset Management Plan - Halton Borough Council
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<strong>Halton</strong> <strong>Borough</strong> <strong>Council</strong><br />
<strong>Transport</strong> <strong>Asset</strong> <strong>Management</strong> <strong>Plan</strong><br />
8.2 Risk Identification<br />
The identification of risk and its management is an important component of transport asset<br />
management. Currently risks are identified and rated according to their impact and their likelihood and<br />
this gives an indication risk prioritisation. Risks are assessed in terms of their financial impact,<br />
reputation and business service impact on the <strong>Borough</strong> and cover the following areas: -<br />
Safety – context of both road user and highway maintenance staff;<br />
Natural Events – e.g. weather;<br />
Physical risks – failure of the asset;<br />
Economic – e.g. effect of increased energy charges on the budget for maintenance;<br />
Legislative – changes in government policy – e.g. road charging;<br />
Resources – ability to recruit skilled staff<br />
Systems – impact of system failure<br />
8.3 Risk Analysis<br />
We have reviewed the various risks and identified them in the Departmental Risk Register and<br />
Individual Service <strong>Plan</strong>s. Each risk is ranked in order of importance. This ranking has been<br />
undertaken on the basis of: -<br />
Safety;<br />
Cost to the <strong>Borough</strong>;<br />
Cost to the Community;<br />
Likelihood of occurrence.<br />
Having established the priority of risks we have identified risk reduction measures to obviate the<br />
impact of the risk. Each risk has been allocated an owner whose responsibility to is to ensure that the<br />
risk reduction measures are effective.<br />
8.4 Current Status<br />
We currently have in place a formalised risk assessment process for employees employed on highway<br />
maintenance duties and general site work. Over the next 12 months we will develop the Risk Register<br />
to further address the matters identified in paragraph 8.2 above.<br />
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