Risk management is an iterative process consisting of well-defined steps which, taken in sequence, support better decision-making by contributing a greater insight into risks and their impacts. The risk management process can be applied to any situation where an undesired or unexpected outcome could be significant or where opportunities are identified. It is a process that enables Council to know about possible outcomes and take steps to control their impact.
At King Island Council, risk management is recognised as an integral part of good asset management practice. Risk management has become part of Council’s culture and is integrated into the Council plan and through individual business plans. For effective management of risk, all hazards
At King Island Council, risk management is recognised as an integral part of good asset management practice. Risk management has become part of Council’s culture and is integrated into the Council plan and through individual business plans. For effective management of risk, all hazards