Risk management strategy
This strategy explains how Rochdale Council will implement sound
management of risks and opportunities. Risk management is the
culture, processes and structures that are directed towards
effective management of potential opportunities and threats to
achieving objectives. It affects everyone in the Council and in the
wider community. It makes sound business sense; effective risk
management is good management.
Risk needs to be managed rather than avoided and consideration
of risk should not stifle innovation. The Council recognises that
it has to deliver services in an increasingly litigious and risk
averse society. However, risk management is a tool for exploiting
opportunities as well as a safeguard against potential threats. The
Council will therefore use risk management to promote innovation in
support of Rochdale MBC’s strategic objectives as detailed in
Aiming High.
A systematic approach to identifying and analysing risks is an
integral part of all management processes and day-to-day working,
rather than a separate initiative and will be developed using the
simplest possible means.
The Chief Executive and Executive Directors have the
responsibility for promoting the strategy throughout the Authority.
The Executive Director – Resources is the designated risk
champion.
Risk
Management Strategy 2010-2013 (143kb pdf file)