Join us April 17, 2019 at 10am MST for a webinar on Risk-Based Prioritization.
Having implemented an Asset Management framework, defined level of service and risk frameworks, Halton Region’s Public Works went onto operationalize asset management strategy. Halton Region’s Public Works successfully embedded risk practice across Water, Wastewater, Waste Management and Roads Service Areas. Two capital budget cycles have been programmed based on the risk process; “The targeted 4.5% rate increase is lower than the 5.2% forecast largely driven by adjustments to the capital financing based on the Asset Management Plan as set out in Report No. PW-28-17 (re: Public Works Asset Management Program Update , 2017.” Page 193 – 2018 Halton Region Budget and Business Plan
- 50% of the implementation was focused on change management
- One consistent risk framework used to assess all asset risk within each service area
- One independent risk facilitator used to ensure consistency in assessing risk
- Evidence/data used to drive the risk assessment BUT assessing risk is not an automated process