3. Using the sample risk assessment form that is located in Appendix 7A, conduct a risk assessment of a public service project that is occurring, will occur, or has recently taken place in your city or at your university. You are completing this question from the perspective of a city employee. You are free Financial Management 209 to modify this assessment to fit your circumstances. In addition, you should include the risk assessment policy that the city or university that you choose operates under when you turn in your assignment if it is available. You should come to class prepared to discuss your risk assessment plan. If needed, you are free to consult with public officials when completing this assignment. Lastly, explain the overall results of your assessment. Is the project worth the risks? Suggestions: Construction projects, road construction, large renovation projects, clear cutting land, household waste or hazard waste disposal issues, providing security at a public facility, investment of public funds, or any changes in the infrastructure are suitable topics for this question. Other items can be more thematic or policy in nature. For example, what are the risks involved in raising property taxes when 95% of the property owners are in the low middle income bracket and operate small businesses? Will this result in an increase in the number of delinquent property tax payments and thus reduce the amount of revenue to the city as well as potential loss of property and bankruptcy? Other broad categories can include any type of service that the city provides. Chapter Seven Appendix 7A Risk Assessment Questionnaire Project Title: Project Location: Project Supervisor Brief Description of the Work or Policy Each of the questions used in this assessment are scored using a risk factor rubric from 0. 5. A zero indicates no risk and a five indicates high risk. Your description of risk should detail how the organization is managing the risk. Limit your description of the risk to to more than half of a page. Use as much space as you need to describe the risk. Read the notes at the bottom of this assessment prior to addressing the question. 1. Human Resource Risk a Description of Risk: b. Overall Risk Factor: 0 1 2 3 4 5 2. Environmental Risk a. Description of Risk: b. Overall Risk Factor: 0 3. Information and Technology Risk 1 2 3 4 5 a. Description of Risk: b. Overall Risk Factor: 0 4. Regulatory Risk 1 2 3 4 5 Description of Risk: b. Overall Risk Factor: 0 1 2 3 4 5 3. Andernal Control Environmental Risk Financial Management 215 Description of Risk 2 3 4 5 Overall Risk Factor: Asset/Revenue Management Risk: Description of Rick 1 2 3 4 5 Overall Risk Factor: 0 7. Consumer Impact: a Description of Risk: b. Overall Risk Factor: 0 1 2 3 4 5 the US 8. Equipment Risk: a Description of Risk: b. Overall Risk Factor: 0 1 2 3 4 5 9. General Field Work Hazards a. Description of Risk: b. Overall Risk Factor: 0 1 2 3 4 5 Risk Summary a. Average Risk Score: 0 1 2 3 4 5 b. Total Risk Score Description of Substantive Points and Methods to Managing the Risk Chapter Seven Risk Questionnaire Notes The questions that are listed below offer you a snap shot of the sort of what will come up during your query. Feel free to add any additional information that you Human Resource Risk: Do employees work? Do employees work Do employees work in an isolated area? Have all employees been opet trained (safety)? What is the possibility of employee fatigue, accidents lergic reactions occurring? Are there any non city/university employees wat Environmental Risk: Will weather conditions impact completion of the poor Will terrain or field boundaries affect the project? Is animal or plant life ea ed by the project? Is hazardous waste a byproduct of the construction? Is there 216 1. ing? If yes, are they insured by their company? 2 a chance that the environment may be polluted with hazardous waste? Will ground water, lakes, or nearby streams be impacted by the project? Is there procedure to facilitate hazardous waste cleanup or disposal? 3. Information and Technology Risk: Generally speaking this section examines computers, computer technology and information. Are computer systemsnited ed to complete the project? Are new computer programs or hardware needed to complete the project? Is there a potential for loss of software, data, or computer hardware? Is there a contingency plan to ensure the integrity of data and com puter systems? 4. Regulatory Risk: What is the level of regulation (local, state or federal? Are regulatory staff needed on site (Fire Marshall, FEMA, OSHA, etc)? Have the rules, statutes, and law regulating the sector been examined? Are external con tractors used? If yes, are they bonded? Are liability plans in place? 5. Internal Control Environment Risk: Is there any potential for fraud? Have there been problems in the past? If so, how many and what were the outcomes? What procedures were added to ensure that the potential for fraud was to duced eliminated? 6. Asset/Revenue Management Risk: If a service is rendered, what sort of account- ing system will be used when the project is completed? How are funds dis persed and collected? Does the potential for cost overruns exist? 7. Consumer impact: Who is the client base? How will clients or the public be af fected by the project? That is, how will they be affected by the construction of the project as well as the services provided by the project? Equipment Risk: What sort of equipment is needed? Is new equipment needed? Will the new equipment be used for other projects? Other Hazards or Issue: Is there anything else that is not covered in the catego 8. 9. ries listed above? 3. Using the sample risk assessment form that is located in Appendix 7A, conduct a risk assessment of a public service project that is occurring, will occur, or has recently taken place in your city or at your university. You are completing this question from the perspective of a city employee. You are free Financial Management 209 to modify this assessment to fit your circumstances. In addition, you should include the risk assessment policy that the city or university that you choose operates under when you turn in your assignment if it is available. You should come to class prepared to discuss your risk assessment plan. If needed, you are free to consult with public officials when completing this assignment. Lastly, explain the overall results of your assessment. Is the project worth the risks? Suggestions: Construction projects, road construction, large renovation projects, clear cutting land, household waste or hazard waste disposal issues, providing security at a public facility, investment of public funds, or any changes in the infrastructure are suitable topics for this question. Other items can be more thematic or policy in nature. For example, what are the risks involved in raising property taxes when 95% of the property owners are in the low middle income bracket and operate small businesses? Will this result in an increase in the number of delinquent property tax payments and thus reduce the amount of revenue to the city as well as potential loss of property and bankruptcy? Other broad categories can include any type of service that the city provides. Chapter Seven Appendix 7A Risk Assessment Questionnaire Project Title: Project Location: Project Supervisor Brief Description of the Work or Policy Each of the questions used in this assessment are scored using a risk factor rubric from 0. 5. A zero indicates no risk and a five indicates high risk. Your description of risk should detail how the organization is managing the risk. Limit your description of the risk to to more than half of a page. Use as much space as you need to describe the risk. Read the notes at the bottom of this assessment prior to addressing the question. 1. Human Resource Risk a Description of Risk: b. Overall Risk Factor: 0 1 2 3 4 5 2. Environmental Risk a. Description of Risk: b. Overall Risk Factor: 0 3. Information and Technology Risk 1 2 3 4 5 a. Description of Risk: b. Overall Risk Factor: 0 4. Regulatory Risk 1 2 3 4 5 Description of Risk: b. Overall Risk Factor: 0 1 2 3 4 5 3. Andernal Control Environmental Risk Financial Management 215 Description of Risk 2 3 4 5 Overall Risk Factor: Asset/Revenue Management Risk: Description of Rick 1 2 3 4 5 Overall Risk Factor: 0 7. Consumer Impact: a Description of Risk: b. Overall Risk Factor: 0 1 2 3 4 5 the US 8. Equipment Risk: a Description of Risk: b. Overall Risk Factor: 0 1 2 3 4 5 9. General Field Work Hazards a. Description of Risk: b. Overall Risk Factor: 0 1 2 3 4 5 Risk Summary a. Average Risk Score: 0 1 2 3 4 5 b. Total Risk Score Description of Substantive Points and Methods to Managing the Risk Chapter Seven Risk Questionnaire Notes The questions that are listed below offer you a snap shot of the sort of what will come up during your query. Feel free to add any additional information that you Human Resource Risk: Do employees work? Do employees work Do employees work in an isolated area? Have all employees been opet trained (safety)? What is the possibility of employee fatigue, accidents lergic reactions occurring? Are there any non city/university employees wat Environmental Risk: Will weather conditions impact completion of the poor Will terrain or field boundaries affect the project? Is animal or plant life ea ed by the project? Is hazardous waste a byproduct of the construction? Is there 216 1. ing? If yes, are they insured by their company? 2 a chance that the environment may be polluted with hazardous waste? Will ground water, lakes, or nearby streams be impacted by the project? Is there procedure to facilitate hazardous waste cleanup or disposal? 3. Information and Technology Risk: Generally speaking this section examines computers, computer technology and information. Are computer systemsnited ed to complete the project? Are new computer programs or hardware needed to complete the project? Is there a potential for loss of software, data, or computer hardware? Is there a contingency plan to ensure the integrity of data and com puter systems? 4. Regulatory Risk: What is the level of regulation (local, state or federal? Are regulatory staff needed on site (Fire Marshall, FEMA, OSHA, etc)? Have the rules, statutes, and law regulating the sector been examined? Are external con tractors used? If yes, are they bonded? Are liability plans in place? 5. Internal Control Environment Risk: Is there any potential for fraud? Have there been problems in the past? If so, how many and what were the outcomes? What procedures were added to ensure that the potential for fraud was to duced eliminated? 6. Asset/Revenue Management Risk: If a service is rendered, what sort of account- ing system will be used when the project is completed? How are funds dis persed and collected? Does the potential for cost overruns exist? 7. Consumer impact: Who is the client base? How will clients or the public be af fected by the project? That is, how will they be affected by the construction of the project as well as the services provided by the project? Equipment Risk: What sort of equipment is needed? Is new equipment needed? Will the new equipment be used for other projects? Other Hazards or Issue: Is there anything else that is not covered in the catego 8. 9. ries listed above