a/General Manager, Asset Management Strategy and Policy
Department of Housing and Public Works (Queensland)
Conference Day Two: Thursday, 29th August 2019
Thursday, August 29th, 2019
9:10 AM CASE STUDY: Strengthening Risk Management of a High Value Asset Portfolio by Rolling out the ‘Risk Evaluation Tool’
The Department of Housing and Public Works is responsible for all aspects of asset management for a diversified asset portfolio comprising high value heritage assets, bridges, convention centres and office buildings. In this presentation Vince explores a carefully considered risk management tool the Department has developed that enables us, as asset owners and managers, to categorise each of its assets into a ‘high, medium or low’ risk category, taking into account all risks which could be relevant to the owner of an asset.
- Investigating the financing and resources involved while considering the criticality of asset to Government service delivery and the community
- Exploring risk considerations: Exposure, environmental, security, age, construction type etc.
- How the ability to prioritise risk audits in a transparent and defensible manner is of significant value to the Queensland Government