Risk Register Development

1369Odysseus-imc has developed tools that combine criticality with risk to calculate criticality for each asset group and then allow our clients to undertake risk assessments on their critical assets.

The outcomes of the risk assessments are then stored in the risk register. In calculating risk the client will review the risk before and after treatment with the objective of undertaking a simple cost benefit analysis.

We provide a facilitation role that assists the client to readily identify their risks and the actions to mitigate the risks. Many of our clients have benefitted from this process to quickly understand their infrastructure risks.

In addition we assist them to produce the risk section of the AM plan and incorporate the risk mitigation actions into the long termn financial forecasting.

Our spreadsheet coupled with facilitation processes and risk section development in a few short sessions provides a cost effective outcome to our clients as well as providing rapid knowledge transfer ensuring the client understands not only the risks but the impact of not attending to the risks.

Clients that have used this process include:

  • City of Greater Dandenong
  • City of Stonnington
  • City of Wyndham
  • Central Goldfields Shire Council
  • Shire of Melton
  • Hindmarsh Shire Council
  • City of Ballarat
  • Macedon Ranges Shire Council