CIPFA - Performance in Public Services: Property

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2:4:19 Risk Management

AMP Network / Good Practice / Risk Management

Risk can be defined as the product of the likelihood (or probability) of the occurrence of a hazard and the magnitude of its consequences. Risk is all around us and is part of our everyday lives. We cannot completely avoid risk, but we can reduce it.

Risks related to asset management occur at many different levels; this section concentrates on the strategic level risks rather than the day to day risks of building management.

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