Issue - meetings

To provide the Executive with a status report of the revised Strategic Risk Register as at the end of the third quarter 2019/20.

Decision

That the Executive note the Strategic Risk Register as at the end of the third quarter 19/20.

None.

Since the previous report to the Executive on the Strategic Risk Register, the document had been reviewed and updated by the Corporate Leadership Team and had identified that there had been some positive movement in the Risk Register.

A number of control actions have now been progressed or completed and the key movements are outlined as follows:

·         Risk 1 - Failure to engage & influence effectively the Council’s strategic partners, council staff and all stakeholders to deliver against the Council’s Vision 2020/2025. The Council’s draft Vision 2025 has been developed, with a new fifth strategic priority, and had been subject to both internal and external consultation.  The final document would be presented to Council for approval on 3 March 2020;

·         Risk 2 - Failure to deliver a sustainable Medium Term Financial Strategy. The draft Strategy had been prepared and was based on revised financial planning assumptions and was subject to public consultation and Member scrutiny during February. The Medium Term Financial Strategy would be approved in March 2020;

·         Risk 6 - Unable to meet the emerging changes required in the Council’s culture, behavior and skills to support the delivery of the council’s future Vision and the transformational journey to one Council approach. A Staff Charter known as “The Lincoln Way” had been developed with staff consultation to commence in February 2020;

·         Risk 7 – Insufficient levels of resilience and capacity exist in order to deliver key strategic projects and services. As part of the development of Vision 2025 timelines for existing, legacy projects have been undertaken along with scheduling of new projects to allow capacity to deliver.

Whilst positive progress had been made in relation to control actions, and these continued to be implemented and risks managed accordingly, there was one risk where the assessed levels of likelihood and impact had increased, as follows. The levels of assessed risks were summarised in paragraph 3.4 of the report.