City of Stirling Parks and Open Space Asset Managment Plan

Establishing the context • Define the external context • Define the internal context • Define the risk management context • Develop risk criteria

Risk assessment

Risk identification • What can happen (e.g the event) • How it can happen (the causes) • What are the consequences • Are there any other controls

Risk analysis • Consider the effectiveness of current controls • Determine the consequence level • Determine the likelihood level • Determine the risk level

Monitor and review

Communication and consultation

Risk evaluation • Compare risk level against criteria to determine if further treatment is required

Risk treatment • Identify treatment options • Evaluate treatment options • Select treatment options • Develop risk criteria

Figure 6.2 Risk management process

9 ISO 31000:2009, p 2 10 City of Stirling Risk Management Framework

Parks Asset Management Plan 2018 – 2028 | 45