MPA Risk Management Update

Report: 10
Date: 12 December 2011
By: Chief Executive

Summary

The report summarises the development of the MPA risk management process and includes the current MPA corporate risk register.

A. Recommendation

That

1. Members consider and comment on the MPA risk register.

B. Supporting information

1. The corporate risk register, attached at Appendix 1, contains the MPA current assessment of risks to the delivery of its objectives under Met Forward.

2. The register has been recently refreshed and reviewed by the MPA Senior Management Team (SMT) and Business Management Group (BMG).

3. A separate register of key emerging issues and risks is reviewed by the BMG at their fortnightly meetings. Appropriate action is agreed and risks are added to the corporate register as appropriate. The MOPC implementation programme risk register is monitored regularly by the MOPC implementation board. Key elements of this are also reflected as appropriate in the corporate risk register.

4. The entire risk management process is currently being revised and a risk register for MOPC being developed.

C. Other organisational and community implications

Equality and Diversity Impact

1. Equality impact assessments are conducted for all Met Forward strands and MPA policies that support the risk management process. A separate equality and diversity risk register is maintained and elements of this are reflected in the corporate risk register as appropriate.

Consideration of Met Forward

2. Risk assessment forms an integral part of the framework established for the delivery of Met Forward. Risks to the delivery of Met Forward strands are included in the emerging risks and issues register and corporate risk register as appropriate.

Financial Implications

3. An assessment of financial risk is undertaken as part of the annual budget process and is reported to the Finance and Resources Committee and Full Authority and is part of the budget submission to the Mayor. Detailed costs for developing and maintaining control measures are included in the budgeted work plans for each MPA business unit.

Legal Implications

4. There are no direct legal implications arising from this report.

Environmental Implications

5. There are no direct environmental implications arising from this report.

D. Background papers

• Appendix 1: MPA Corporate Risk Register

E. Contact details

Report author: Catherine Crawford, MPA Chief Executive

For information contact:

MPA general: 020 7202 0202
Media enquiries: 020 7202 0217/18

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