Appendix 1 Asset Management Service Risk Register 2014/15 – Priority Title Risk Description Inherent Controls Currently in Place Target Risk Responsible Risk Status Further action required to Score Officer mitigate / reduce risk to an Identify or list controls or Assessment Residual acceptable level activities in place to reduce of Risk impact or likelihood of risk Controls Status occurring Undertake Annual The Council's property High Strategic Asset Management Good Medium Ensure is used effectively to Medium Vanessa Waddon Plan (SAMP) approved Reviews of the Strategic portfolio is not aligned to discuss asset implications of Asset Management Plan corporate and service service reviews and corporate Corporate Asset to ensure the strategic priorities identified in the initiatives. Management direction for asset relevant strategic plans and Working (CAMWG) management over the service reviews. Rapid pace of Ensure property implications of established to implement medium term reflects key change sometimes difficult to Transforming Blaenau the Plan corporate and service respond to and plan for. programme are properly priorities identified in a timely manner Years 1 and 2 SAMP Review completed Review asset management structure to ensure adequately resourced Implement the The Council's property High Area Review process Good Medium Prepare asset action plans arising Medium Vanessa Waddon recommendations from portfolio is poorly performing completed and approved from the Area Reviews and the Area Review of the and does not meet the needs develop a plan for their Council's property of the Council and its services Undertaking a corporate implementation portfolio to ensure it is Workplace Transformation optimised to meet programme OBC Continue with review of industrial – identified needs completed portfolio Initial review of the Approval of FBC and implement Industrial portfolio Workplace Transformation across completed the Council Acquisitions and Disposals Policy in place
Appendix 1 – Asset Management Service Risk Register 2014/15 Priority Title Risk Description Inherent Risk Status Controls Currently in Place Further action required to mitigate / reduce risk to an acceptable level Target Risk Score Responsible Officer Identify or list controls or activities in place to reduce impact or likelihood of risk occurring Assessment of Controls Residual Risk Status Undertake Annual Reviews of the Strategic Asset Management Plan to ensure the strategic direction for asset management over the medium term reflects key corporate and service priorities The Council's property portfolio is not aligned to corporate and service priorities identified in the relevant strategic plans and service reviews. Rapid pace of change sometimes difficult to respond to and plan for. High Strategic Asset Management Plan (SAMP) approved Corporate Asset Management Working (CAMWG) established to implement the Plan Years 1 and 2 SAMP Review completed Good Medium Ensure is used effectively to discuss asset implications of service reviews and corporate initiatives. Ensure property implications of Transforming Blaenau programme are properly identified in a timely manner Review asset management structure to ensure adequately resourced Medium Vanessa Waddon Implement the recommendations from the Area Review of the Council's property portfolio to ensure it is optimised to meet identified needs The Council's property portfolio is poorly performing and does not meet the needs of the Council and its services High Area Review process completed and approved Undertaking a corporate Workplace Transformation programme – OBC completed Initial review of the Industrial portfolio completed Acquisitions and Disposals Policy in place Good Medium Prepare asset action plans arising from the Area Reviews and develop a plan for their implementation Continue with review of industrial portfolio Approval of FBC and implement Workplace Transformation across the Council Medium Vanessa Waddon
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