Appendix 3 - Risk Management Plan - Risk Register

Sep 3, 2026

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This document details the Risk Management Plan and Risk Register for the LUF Scheme. It outlines the Council's Risk Management Strategy, detailing approaches to procurement and contract management, contingencies, and risk assessment. The Appendices provide a High-Level Risk Register, a Risk Management Policy Statement, and the overarching strategy. The risk register includes a comprehensive analysis of identified risks, their initial probability and impact, an initial risk score, and proposed mitigation strategies or actions. It also details the expected resolution date, adjusted probability and impact, adjusted risk score, and the type of risk, categorized as Financial, Reputational, Environmental, Service Disruption, or People. Mitigation steps are clearly defined, and a cyclical approach to risk management is emphasized, with steps including identify, record, action, monitor, and refresh risk. The document aims to provide a robust framework for identifying, assessing, and managing potential risks throughout the project lifecycle to ensure successful project delivery and minimize negative impacts. It serves as a crucial tool for project stakeholders to understand and proactively address potential challenges.

LanguageEnglish

CategoryGeneral

FormatPDF

Pages35

Reading Time12 min

AccessFree to download

Introduction

The Council’s Risk Management Strategy

Risk Management for the LUF Scheme

Procurement and Contract Management

Contingencies and Risk

Procurement and Contract Management

Appendix A – High Level Risk Register

Appendix B – Risk Management Policy Statement & Strategy

FAQs

What is the purpose of the Risk Register?

The Risk Register is used to identify, assess, and manage potential risks for the LUF Scheme. It details identified risks, their probability and impact, and proposed mitigation strategies.

What are the key stages in the Risk Management Cycle depicted in the document?

The Risk Management Cycle includes identifying risks, recording them, taking action, monitoring them, and refreshing the risk assessment.

What types of risks are identified in the register?

The identified risks are categorized as Financial, Reputational, Environmental, Service Disruption, and People.

Sep 3, 2026

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