: Disaster risk management actions can be distinguished between prospective disaster risk management, corrective disaster risk management and compensatory disaster risk management, also called residual risk management.

SarahjoyFlorito 12 views 15 slides Oct 12, 2024
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About This Presentation

Disaster risk management is the application of disaster risk reduction policies and strategies to prevent new disaster risk, reduce existing disaster risk and manage residual risk, contributing to the strengthening of resilience and reduction of disaster losses.


Slide Content

Risk management strategy 1.9 risk management process – risk tolerance / risk appetite

Risk tolerance or risk appetite Can be defined as the amount and type of risk the is welling to take in order to meet its strategic objectives.

Risk management process mature A risk appetite Metrix which pre-defines types of risk and quantifies them in a structured manner will help ensure the shires strategic objectives are effectively planned and managed.

Understanding risk appetite Help determine the level of acceptable/unacceptable risk and the extend to which additional controls are required to treat risk

The appetite for risk relation To serve delivery, finance, health, safety, and the environment is considered low to medium requiring treatment with effective controls .

Risk management strategy

Documentation to support risk management process Documentation of medium and high level risk is best undertaken the use of a risk register maintenance of risk register demonstrates an active and evidentiary risk management process within the shire

The following guidance for documentation of risk register All elected members and employees have responsibilities to identify, assess, evaluate and treat risk in their day to day activities. Risks which require further action or treatment by more senior officer before they are within the acceptable risk tolerance must be documented in the risk to enable effectively communication and monitoring. Any risk deemed to be rated high or extreme and unable to be immediately treated to an acceptable level.

Assurance activities for risk mitigated through operation and / or financial controls Completion of mandatory returns as required by legislation Routine independent verification of operating controls, systems and procedures External audit of financial statements and Via code of conduct , council policies and work procedures

Risk management strategy Table; 1; role and responsibilities

Council responsibilities Adopt a risk management policy complainant with the requirements of AS/NZS ISO 31000;2018 and to review and approved the policy in a timely manners are required Be satisfied risk are identified managed and controlled appropriately to achieve shires strategic objectives Support the allocation of funds / resources to treat risk as required

Audit committee Request and review reports on risk management on a biannual basis [minimum] or as required depending on the nature of the risk[s]. Monitors the overall risk exposure of the shire and makes recommendation to council as appropriate. Assesses for effectiveness the risk control measure / rsik treatment plans in reducing the severity of the risk[s].

executive Creates an environmental where staff are responsible for and actively involved in managing risk. Oversight of the shire's risk management strategy M maintain and implement the risk management strategy E ensures a consistent risk management approach is embedded in the operation and processes of the shire. Actively and participates and supports the risk management strategy though identification and creation of suitable risk treatment to control strategic and operation risk facing the shire.

executive Monitors the strategic and operation risk management performance. Review the shire’s risk summary report prior to submission to the audit & risk committee

staff Adopt and understand the principles of risk management and comply with policies, processes and practices relating to risk management. Alert and bring to management’s attention, the risk existing within their area Conduct risk assessments which are appropriate with the scope of the task associated level of the identified.
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