2017-09-12 Services & Organisation Committee Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA   12 SEPTEMBER 2017




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SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                                           12 SEPTEMBER 2017

                                                                                             Noosa Council
                                                                           Strategic Asset Management Plan

                         Framework considers all facets of an organisation’s activities and aims to identify
                         and deal with risks the organisation may face, both strategically and in its day to
                         day operations.
                         Risk Management allows for systemic change and continuous improvement in
                         planning, resource allocation, decision making and processes and delivers
                         outcomes such as:
                         *    Improved asset management
                         °    Improved planning, performance and effectiveness
                         °    Providing a basis for higher standards of accountability and sound
                              governance
                         ¢    Protecting the organisation from legal liability
                         ¢    Reducing insurance premiums
                         °    Protecting the Council’s corporate image as a professional, responsible and
                              ethical organisation and an employer of choice
                         °    Capacity to respond to new opportunities
                         <    Improved prioritisation of activities and projects
                         °    Improved project outcomes and reporting by documenting objectives and
                              key actions in Councils Risk Register
                         Noosa Council’s Asset Management Framework will apply risk management in
                         accordance with Council’s Risk Management Policy, following the guidance
                         provided in the corporate Risk Management Workbook. Key initiatives have been
                         identified in the Asset Management Roadmap to ensure that asset-related risks are
                         assessed, escalated and addressed in the same manner as other business risks.
                         Residual risks (risks assessed after any current controls are considered) related to
                         implementation of the Council’s Asset Management System or any aspect of the
                         asset life-cycle, will be rated according to the following matrix:
                            Likelihood                        Consequence Level

                             Certain           5

                            Possible                     :
                             Unlikely

                         The following table from the Workbook defines the required action, based on the
                         assessed residual risk:

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