Risk Management Framework

Risk is the effect of uncertainty on objectives and is often expressed in terms of a combination of the consequences of an event and the associated likelihood of that occurrence.

Risk management is a set of coordinated activities to direct and control an organisation with regard to risk. Risk management provides a way of realising opportunities without exposing the organisation to unnecessary risk.

City of Hobart's Risk Management Framework aims to protect key stakeholders from adverse events and support the pursuit of opportunity and includes all the people, systems, policies and processes that identify, assess, mitigate and monitor all material internal and external sources of risks.

The City maintains a risk management framework, which is appropriate to the size, culture and complexity of its operating environment.

Risk Management Framework(PDF, 566KB)

Risk Appetite Statement

The City of Hobart Risk Appetite Statement defines the level and type of risk that Council is willing to pursue or tolerate in order to achieve its strategic objectives.

It assists the City to align its risk management strategy with its vision, mission, values, and culture.

Risk Appetite Statement(PDF, 170KB)