Risk Management

Risk Management Framework

We ensure that we use our resources efficiently in providing services for the people of Charnwood and therefore concentrate our efforts on issues which present the greatest risk to the achievement of our long-term plans for the Borough. This section holds all of the information on how we assess and manage those risks.

The Council separates its risks into strategic risks, being those which could affect the achievement of the corporate objectives as set out in this Corporate Plan, and operational risks which are those that could impact upon the day to day service delivery and business operations of the Council.

All risks are ‘scored’ for likelihood and impact, mitigating actions and controls are identified, and risk owners are clearly identified for each risk.

Strategic and operational risks are monitored quarterly to ensure that the mitigating controls and actions remain appropriate, and to determine whether the likelihood of the risks occurring has changed. Quarterly risk monitoring reports are considered by the Council’s senior management team, and are monitored at elected Member level by the Council’s Audit Committee, who have responsibility for overseeing the risk management process.