Risk is assessed based on the likelihood of an asset failing and the severity of the service consequences if it does. Using risk assessment provides a more structured and objective assessment of what is the most important and urgent need in the existing asset base.
Join this session to learn more about the steps involved in the risk assessment process by which infrastructure investment needs can be prioritized using the risk assessment template.
Who Should Attend:
- Elected Officials
- CAO, Treasurer and Directors
- Staff from various departments responsible for managing infrastructure assets
Leads: Troy Mander, Asset Management Ontario
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