TAILIEUCHUNG - OLYMPIC GAMES 2012: RISK MITIGATION

After completing Steps 1–4, sufficient information will be available to begin to establish current and longer-term budgets. Budgets must provide sufficient resources for internal audit to deliver the risk-based audit plan developed in Step 4 as well as the flexibility to respond to changing business needs. Prepare the initial budget based on the results of the risk assessment and audit plan. Look to internal audit benchmarks developed by the Institute of Internal Auditors (IIA) or other third parties to establish a budgetary baseline as compared to similar internal audit organisations within your industry. The budget should be projected on a three-to-five year horizon, as discussed in Step. | LONDON BOROUGH OF RICHMOND UPON THAMES AUDIT COMMITTEE DATE 7 FEBRUARY 2012 REPORT OF DIRECTOR OF ENVIRONMENT SUBJECT OLYMPIC GAMES 2012 RISK MITIGATION WARDS ALL For general release 1. SUMMARY The report considers the potential risks to the Council arising from the Olympic and Paralympics Games particularly from the events which directly impact on the Borough. The risks include impact on normal Council operations from travel congestion crowd control hostile acts reputation risks if the impact on residents and businesses is not effectively managed financial risks. The risks are being addressed through governance arrangements learning from the London-Surrey Classic regular representation at operational meetings with LOCOG TfL utilisation of guidance and checklists multi-agency resilience exercises and a comprehensive Communications Plan. 2. RECOMMENDATIONS That Committee note the risks in relation to the Olympics and agree the approach below. 3. DETAIL The Council recognises the benefits of Olympics and Paralympics particularly from having the torch relay cycling races and pre-Games training camps in the Borough. Borough businesses have been encouraged to provide services to support the Games and to ensure they take advantage of the additional footfall on events days. There will also be a long-term benefit to tourism as the events will showcase the Borough to a worldwide audience and it is expected the Games will inspire more people into sports with the related social and health benefits and to engage in the Cultural Olympics. However there will be direct impacts on the Borough from the Torch Relay the Cycling Road Races and Time Trials and related familiarisation event for competitors all of which will be using the Borough s roads. There will also be impacts from the final leg of the T orch journey along the River. These will all be in addition to the cumulative impacts particularly on transport from events across London. The Council s Role The Council

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