Page 159 - Colleyville FY21 Budget
P. 159

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
                 Physical        Impact of             High          Ongoing         Yes          Public
                 evolution of    construction                                                  engagement
                 our built       on business                                                     and open
                 environment     and adjacent                                                 communication
                                 properties
                 Change in       Shifting              High             No           Yes        Respond as
                 community       priorities                                                    required and
                 priorities      complicate                                                      adjust as
                                 project                                                        necessary
                                 development,
                                 planning, and
                                 execution.
                 Expectations    Gap between           High             No           Yes         Identify
                                 needs and                                                     funding and
                                 resources                                                         make
                                 available                                                      necessary
                                                                                               adjustments
                                                                                                  where
                                                                                                applicable
                                                                                              such as utility
                                                                                              rate structure




































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