Page 171 - City of Colleyville FY22 Adopted 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 ident ified 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
driven risks economic cycle would need to
and resultant be adjusted
revenue due to the
decreases reduction in
funding; staff
reductions
might occur

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

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