Risk Management Strategy - Cambridgeshire and Peterborough Combined Authority (CPCA) - Incubator 2

Sep 12, 2026

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Risk Management Strategy for Cambridgeshire and Peterborough Combined Authority (CPCA) setting out the approach to managing risk across the organisation and its individual portfolios. Defines the risk policy and the strategy’s aims and objectives, including roles and responsibilities at project and governance levels. Covers arrangements for managing, monitoring, training, communication, and conducting strategy reviews. Includes appendices covering a risk management methodology and issue management strategy with cycle steps, registers, responsibilities, and decision points.

LanguageEnglish

CategoryGeneral

FormatPDF

Pages25

Reading Time9 min

AccessFree to download

Introduction

Risk Policy

Risk Management Aims and Objectives

Roles and Responsibilities

Table 1: Roles and Responsibilities – Project Level

Table 2: Roles and Responsibilities – Governance Level

Arrangements for Managing Risk

Monitoring Arrangements

Training and Communication Arrangements to Support Implementation of the Strategy

Review of the Risk Management Strategy

Appendices

Appendix 1: Risk Management Methodology

Appendix 2: Issue Management Strategy

Version Control

References

Risk Management Strategy Cambridgeshire and Peterborough Combined Authority (CPCA) Incubator 2, The Boulevard Enterprise Campus, Alconbury Weald Huntingdon, PE28 4XA 1 | P a g e Contents 1. Introduction ........................................................................................................................................ 4 2. Risk Policy............................................................................................................................................ 4 3. Risk Management Aims and Objectives.............................................................................................. 5 4. Roles and Responsibilities ................................................................................................................... 6 Table 1: Roles and Responsibilities – Project Level ........................................................................ 6 Table 2: Roles and Responsibilities – Governance Level ................................................................ 7 5. Arrangements for Managing Risk ....................................................................................................... 8 6. Monitoring Arrangements .................................................................................................................. 8 7. Training and Communication Arrangements to Support Implementation of the Strategy................9 8. Review of the Risk Management Strategy .......................................................................................... 9 9. Appendices:......................................................................................................................................... 9 10. Version Control ............................................................................................................................... 10 11. References ...................................................................................................................................... 10 Appendix 1. Risk Management Methodology ...................................................................................... 12 1. The Risk Management Cycle ......................................................................................................... 12 Diagram 1: Risk Management Cycle (IIAPI) ................................................................................... 12 2. Initiate ........................................................................................................................................... 12 3. Risk Identification (what can happen and how can it happen?) ................................................... 12 Table 1: Risk Identification Techniques ........................................................................................ 13 4. Risk Assessments (Determine the likelihood and impact) ............................................................ 14 Table 2: Likelihood vs Impact definitions...................................................................................... 14 Table 3: Overall RAG Status .......................................................................................................... 15 5. Mitigation and Risk Control .......................................................................................................... 16 Table 4: Risk Events and Responses.............................................................................................. 16 6. Implement Risk Responses ........................................................................................................... 17 7. Risk Promotion from Project to Corporate ................................................................................... 17 Diagram 2: Risk Promotion Process .............................................................................................. 18 8. Review Monitoring and Review ........................

FAQs

What does the CPCA Risk Management Strategy cover?

It outlines CPCA’s approach to risk management across the organisation and its individual portfolios, including specific management activities, monitoring, training, and review arrangements.

How are roles and responsibilities structured in the strategy?

The strategy defines roles and responsibilities at both project level and governance level, supported by dedicated tables describing responsibilities for each layer.

What is included in Appendix 1 and Appendix 2?

Appendix 1 provides the risk management methodology, including a risk management cycle and steps such as initiate, identify, assess, control, implement responses, and review. Appendix 2 presents an issue management strategy with an issue register and a methodology for capturing, examining, proposing actions, deciding, and implementing.

Sep 12, 2026

Upload by Xiajie