Page 157 - Colleyville FY21 Budget

Business Risk Assessment

In October 2014, the City identified five (5) key business risks that have: (a) a high
likelihood of occurrence; and (b) a high significance of impact to the organization. The five
key business risks are:

1. Externally driven risks

2. Organizational sustainability

3. Physical evolution of our built environments

4. Political environment

5. Expectations

For the purposes of the Public Works Department Business Plan, the risks that have the
potential of having the greatest impact upon the department have been identified in the
chart below.

Public Works Business Risk Assessment

Risk Category Risk Likelihood of Mitigation Action If action is
Description Occurrence plans in required? required,
(high, medium, place? briefly
low) describe

Downturn in Medium No Yes CIP plans
Externally economic cycle would need to
driven risks
and resultant be adjusted
revenue due to the
decreases reduction in
funding; staff
reductions
might occur

State and High No Yes Will depend
Externally federal upon particular
driven risks
regulations; mandate; will
unfunded most likely be

mandates a funding issue

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