Asset Management Plan - Newcastle City Council

Risk AssessmentContractualTechnologicalEnvironmentalHuman Rights Act failingsfailure of contractors to deliver servicesonerous contractual clausescyberliabilityloss of datapollution caused by activitiesnoise and dust caused by activitiesCross-cutting Risks are those risks which affect more than one service area ordirectorate and therefore need to be considered corporately and consistently.Statutory Risks are those risks, which arise from the exercise of a statutory dutyor statutory default power. These risks cannot be entirely transferred to anotherparty, for example a Council will retain the duty to educate despite havingtransferred the operational management of a school to the private sector in a PFIinitiative.Discretionary Risks are risks which the Council can choose not to assume, forexample risk arising from offering pest control services to private householders.These risks should only be taken where there are substantial benefits arising i.e.in meeting significant stakeholder need or significant financial gain.50