Published: 8 February 2018 | Category: Technical advice note | Audiences: Road controlling authorities, Road traffic engineers & consultants, Roading contractors
This practice guide (which also serves as a minimum standard for outsourced contracts) has been developed to promote a consistent and uniform approach to risk management services, the NZ Transport Agency and our contracts. It has been revised by the Risk and Assurance team in consultation with the Enterprise PMO to reflect the current Transport Agency approach to risk.
This Risk management practice guide (which also serves as a minimum standard for outsourced contracts) has been developed to promote a consistent and uniform approach to risk management services, the NZ Transport Agency and our contracts. It has been revised by the Risk and Assurance team in consultation with the Enterprise PMO to reflect the current Transport Agency approach to risk.
a) This minimum standard is mandatory in all outsourced Maintenance and Operations contracts.
b) This minimum standard is mandatory in all internally managed and/or outsourced Capital Projects with an estimated total project delivery cost of more than $5 million.
c) For internally managed and/or outsourced Capital Projects with an estimated total project delivery cost of less than $5 million, established risk management processes and controls may be considered to be adequate.
d) For internally managed and/or outsourced Capital Projects which meet the requirements of c) above, aspects of this minimum standard may be applied as deemed appropriate and will be stipulated within any supplier contract.
In this new version, processes have been changed to reflect the current organisation structure. The Threat and Opportunity Risk Matrix has been simplified.
Author: NZ Transport Agency
Published: February 2018
Version: 5
Found at: https://www.nzta.govt.nz/resources/minimum-standard-z-44-risk-management/
For further information contact Marianne McMillan.
Kevin Reid
