OLD PARLIAMENT HOUSE AND CURTILAGE HERITAGE MANAGEMENT PLAN 2008–2013

H. Risk Analysis
Part D – Appendices
344 Old Parliament House and Curtilage Heritage Management Plan 2008–2013
6.0 Risk analysis matrix
The matrix below outlines the majority of risks at the time of this analysis appear in the upper half of the
table, where Old Parliament House management should action a mitigation strategy. This illustrates that the
development and implementation of policies to ameliorate the risks and enact the opportunities is critical.
Catastrophic 5
Major 4
Should Action
Must Action
6 7 8 9 10
BBBB DDEEEFFFGGHHH
AAABBBEEEGGGHHH
High risk
5 6 AA 7 ABBBDDDEEF 8GG HH 9
CONSEQUENCE
Moderate 3
Significant risk
4 5 6 7 8
Minimal 2
Medium risk
3 4 5 6 7
Insignificant 1
Low risk
2 3 4 5 6
Inconsequential risk
LEGEND:
= Generic
A = History E = Aesthetic
B = Rarity F = Technical
G = Social D = Characteristic
H = Significant People
1 2 3 4 5
Rare Unlikely Possible Likely Almost Certain
LIKELIHOOD
7.0 Conclusions
The risks identified above have the potential to significantly adversely impact on the heritage values of Old
Parliament House. The management of these risks requires a careful mapping of the identified heritage values
for the place in order to establish which spaces, fabric, elements of its setting etc embody those values,
and which are therefore the most vulnerable to certain risks. It will then be possible to formulate heritage
policies for the best conservation of the values and management of the risks. A further risk assessment should
be undertaken in five years to assess the success of the mapping and policies and adjust as necessary.