Transcription of Knysna Municipality Risk Management
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Knysna Municipality Risk Management
Page 1 of 49 Knysna Municipality RISK Management STRATEGY There is no achievement in walking on a thin rope if it lays on the ground because there is no risk in it Page 2 of 49 Preamble Risk Management Risk Management is as much about identifying opportunities as avoiding or mitigating losses. It is a logical and systematic process of establishing the context, identifying, analysing, evaluating, treating, monitoring and communicating risks associated with any activity, function or process, in a way that enables an organisation to minimise losses and maximise opportunities. Risk Trends The drive for local government transformation with limited resources has tended to force municipalities into taking a less conservative approach to service delivery with a proportional increase in their risk exposure.
Page 2 of 49 Preamble Risk Management Risk management is as much about identifying opportunities as avoiding or mitigating losses. It is a logical and systematic process of establishing the context, identifying,
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