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Department of Premier and Cabinet

6. Treat the risk

Risk treatment involves choosing one or more alternatives for controlling or managing risks and implementing these alternatives. Your council’s risk treatment options may include all or some of the following:

  • avoid the risk;
  • remove the risk source;
  • pursue the risk as an opportunity;
  • change the probability of occurrence;
  • change the consequences to reduce the losses and improve the gains or likelihood of achieving objectives;
  • transfer the risk by using other parties or by outsourcing (for example insurance or resource sharing); and
  • accept the risk on the basis that you are doing all things that are reasonable and practical to address foreseeable risks.