Birmingham Audit - Risk Management
Risk Management Policy Statement
The Councils Risk Management Policy Statement outlines the Council's approach to Risk Management. The Policy supports the Council's long-term vision for Birmingham. The documents are reviewed each year and the updates are approved by the Audit Committee.
Effective Risk Management helps to achieve the strategic outcomes in the Council Plan by anticipating and assessing those risks that could prevent the delivery of the outcomes.
Risk Management Strategy
The Councils Risk Management Strategy gives an overview of how risk management is applied and the concepts underpinning risk management. Included within the Strategy are roles and responsibilities and reporting lines, actions required by a range of members and officers, and the key milestones.
Risk Management Methodology
The Councils Risk Management Policy Statement and Strategy are companion documents to the Risk Management Methodology, which describes the method to be used for risk management in the Council. There are five elements in the Risk Management Methodology. These are:
- Risk / opportunity identification
- Risk / opportunity analysis
- Risk / opportunity prioritisation
- Management of risks / opportunities
- Monitoring of progress
Partnership Risk Management Briefing
Our Risk Management Partnership Briefing explains our risk management processes to the organisations who work with us.