City of Stirling Transport Asset Managment Plan

Risk rating (E, H)

Residual risk

Asset at risk

What can happen?

Risk treatment plan

Pathways

Pedestrian tripping while using the pathway network due to trip hazards Increased potential for vehicle accidents due to blind approaches Vehicle accidents and damage to vehicles as a result of road defects

High

Inspection program of the pathway network in line with the pathways remedial works programs Black Spot improvement program and other road improvement programs

Low

Road (road alignment)

High

Low

Road

High

Network inspection program in line with remedial works programs (annual resealing and crack sealing programs)

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.

The risk assessment process compares the likelihood of a risk event occurring against the consequences of the event occurring. In the risk rating table below, a risk event with a likelihood of ‘possible’ and a consequence of ‘major’ has a risk rating of ‘high’.

Consequence

Level

Insignificant

Minor

Moderate

Major

Catastrophic

Almost Certain

Extreme/ exceptional

Extreme/ exceptional Extreme/ exceptional

Medium

High

High

Likely

Medium

Medium

High

High

Likelihood

Possible

Low

Medium

Medium

High

High

Unlikely

Low

Low

Medium

Medium

High

Rare

Very low

Low

Low

Medium

Medium

Table 6.3 Risk Assessment Matrix – Level of Risk

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