Understanding what risk is yours - and what to do about it
Hazard Note 37 looks at research that has identified three decision making areas where risk ownership can be assessed as part of strategic decision making. These areas are the values at risk from natural hazards, the impacts, consequences and risks arising if those assets are affected, and strategic risk management actions.
Key findings show an imbalance of risk ownership between public and private sectors.
A framework has been developed to assist emergency managers understand their risk ownership and what can be done to reduce it. This framework will enable risk practitioners and policy makers to act decisively and collaboratively in the present, whilst thinking and planning for the future.
Young, C. K., Symons, J., Jones, R. N. (2015), Whose risk is it anyway? Desktop review of institutional ownership of risk associated with natural hazards and disasters. Bushfire and Natural Hazards CRC.