Asset Management Plan - Newcastle City Council

Carriageways Life Cycle Plan14.7.5 Levels of ServiceLevels of Service identified by Newcastle City Council specific to theCarriageways asset can be found in table 14.11.1 along with their identifiedperformance measures.14.8 Risk Management– CarriagewaysRisk is 'the threat that an event or action can adversely affect an organisation’sability to achieve its objectives and to successfully execute its strategies’ (AuditCommission). A simpler definition might be ‘the chance of something happeningthat will have an impact on objectives’.A risk identification exercise has been undertaken and a risk register and matrixscoring system has been developed and is attached to this document asappendix B The following are examples of the significant risks associated withthis asset.14.8.1 The major risk with carriageways is that of total sudden failure, i.e.collapse of the carriageway, which could result in:♦♦♦♦♦Loss of lifeSerious injuryDamage to adjacent property and servicesEnvironmental damageProlonged disruption to the travelling publicThis would lead to a significant financial implication for:♦♦♦♦♦♦Compensation claimsRepair to property & servicesEmergency services financial chargesReplacement of carriagewayEnvironmental clean upProvision of an alternative routeConsequential costs could be:♦♦♦♦Poor public image of the CouncilEconomic loss to local businessesProlonged environmental damageHardship for the disadvantaged when using the alternative routeThis risk can be mitigated by regular safety inspections and structural conditionassessments of all carriageways, which lead to necessary repairs being carriedout in a timely fashion, and the carrying out of routine maintenance to preventdeterioration of the carriageway.112