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sector risks

Through our work in the sector since 1996, and using the “adverse outcomes” approach to risk definition, we have developed a set of around sixty standard risks for the housing association sector. There are of these standard risks, most of which will apply to any association most of the time.

A few of these standard risks will only apply if an association is involved in particular activities, for example development for outright sale. For many associations, there also will be one or two risks to add to the standard set, due to the specific activities in which they are involved (for example, having a responsibility for sewage works).

For each of the standard risks, we have defined and recorded two levels of causes and a set of best practice controls. We also maintain and regularly review an evaluation of the risk assessment for a typical association for each of our standard risks, using a 5-point scale, and taking account of both financial and non-financial impacts.

For new organisations, or for those seeking to renew their approach to risk management, use of the standard risks can drive a more efficient risk management process by avoiding the need to identify all of the risks to an association from scratch. Full details of these standard risks are available in the members’ area.

Click here to see a sample standard risk with its associated causes and sub-causes.