Asset Management Plan - Newcastle City Council

Bridges and Other Highway Structures Cycle PlanFigure 17.7.3 Condition Backlog / Investment requirement HighwayStructures£20.0£18.0MINIMUM (backlog) -budget £0.68m pa£16.0£million£14.0£12.0£10.0£8.0EXISTING (backlog) -budget £0.80m paOPTIMUM - (backlog)£6.0£4.0£2.0£0.0OPTIMUM(investmentrequirement)2006201020152020202520302034YearIt can be seen that at current levels of funding the backlog will rise over three foldto over £18m in the next 25 years. Even an increase in funding to meet theneeds of structures on the Principal Routes will see the backlog rise over thesame period to £15m.17.8 Risk Management – Bridges & Other Highway StructuresRisk 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 as appendixB. The following are examples of the significant risks associated with this asset.17.8.1 The major risk is that of total sudden failure, i.e. collapse of thestructure, which could result in:♦♦♦♦♦Loss of lifeSerious injuryDamage to adjacent property and servicesEnvironmental damageProlonged disruption to the travelling public168