City of Stirling Buildings Asset Managment Plan 2018 - 2028

Risk rating (high, extreme)

Service or asset at risk What can happen

Residual risk*

Risk treatment plan

Low

Building

Deterioration causing total or partial loss of asset and level of service

High

Appropriately manage assets and services, including using up-to-date data and processes Undertake scheduled maintenance and strategic condition audits and necessary works identified and actioned

Maintain appropriate insurances. Business Continuity Plan in place

Low

High

Ensure legislative compliance Undertake scheduled maintenance and strategic condition audits and necessary works identified and actioned Undertake scheduled maintenance and structural audits and necessary works identified and actioned Maintain Asbestos Management Plan and Asbestos Register Undertake scheduled maintenance and strategic condition audits and necessary works identified and actioned Regular building inspections and tagging of electrical equipment Emergency management plan Ensure all essential safety measures are managed and evacuation plans are in place for every workplace or public building Ensure hazard and risk assessments are developed and implemented for all buildings and that these are forwarded to the City’s insurer for comment prior to adoption Review levels of service and asset management criteria for improved long term planning Review funding arrangements and improve alignment with long term financial plans

Building

Failure of essential building services through deterioration (electrical, hydraulic, mechanical and fire services)

Building

Structural failure

High

Low

Building

Asbestos and other hazardous materials

High

Low

Building

Personal injury

High

Medium

Medium

Building

Fire

High

High-use buildings

Medium

Power failure

High

Insufficient funding to maintain current levels of service Assets and services deteriorate beyond RICL (retreatment intervention condition level) Inappropriate asset and services management Assets are allowed to steadily decline resulting in reduced levels of service Assets legislatively non-compliant

Maintaining current levels of service

Medium

High

Asset and services management

Maintain skills and system support for appropriate staff Inspection and maintenance contracts for fire and safety provisions and other legislative compliance are maintained

High

Low

Table 6.2 Critical Risks and Treatment Plans

Note* The residual risk is the risk remaining after the selected risk treatment plan is operational.

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