Page 196 - Colleyville FY21 Budget

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
lack of bench minimize
strength information
loss; cross
training and
leadership
development
will build
bench strength

Physical Aging High Partial Yes Secure funding
evolution of infrastructure for Capital
our built which could Improvement
environment Projects
result in identified in
eventual the 5 year CIP
catastrophic and relevant
failures
Master Plans

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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