Asset Management Plan - Newcastle City Council

Highway Green Spaces Life Cycle Plan16.8 Risk Management – Highway Green SpacesRisk 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.16.8.1 A major risk with highway green spaces is the inability to inspectand manage highway trees:This could be caused by♦♦Insufficient funding and /orInadequate resourcesWhich could result in:♦♦♦A potential hazard to the public and operativesDamage to the highway infrastructureDisruption to the travelling publicthis could in turn lead to a significant financial implication for:♦♦Compensation claimsRepairs to the highwayConsequential costs could be:♦♦Poor public image of the CouncilHardship for the disadvantagedThis risk can be mitigated by regular inspections of all trees, and a targeted treemanagement regime.16.8.2 Another associated risk with highway green spaces is the inability toinspect and manage highway verges:This could be caused by♦♦Insufficient funding and /orInadequate resourcesWhich could result in:148