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Risk Management

The major risks involved in the implementation of syringe management plan include the following. Ideas to manage them are as well mentioned along with the risks.

  • Since this project's success depends on the use of containers by the drug users, the financial providers may be reluctant to offer a loan. Hence it is necessary that the Maribyrnong Council obtains the complete funding from the government with just a little reliance on other providers.
  • The drug users and public may not heed to the Council's advice for use of safe disposal systems if just brochures are laid next to containers. There must other ways or media through awareness is spread. For example, the Council may use TV advertisements and even programs to highlight the importance of safe disposal by exhibiting a real-life incident, which may certainly reach the public rather than just booklets. But this will cost heavily in such cases. The Council may obtain charities and sponsors for the same. In addition to other advertisement media, the Council must also organize seminars when it includes the community's individuals and businesses.
  • The maintenance staff may be reluctant to dispose off the containers, since they are projected as dangerous by the Council and daily disposal system at all public centers may not seem practical. Hence the Council may need to appoint their own personnel for collecting the containers. Besides, these syringes may need special treatment for disposal after being used, which necessitates the need for training the maintenance personnel accordingly.

Overall, this seems to include more costs if risk management is concerned. The Council hence must be ready to part with more cash than projected, with the belief that this will be a one-time investment which will certainly have a considerable positive impact over the society (Well-Stam, D et al, 2004).

Risk Management, Finance

  • Category:- Risk Management
  • Reference No.:- M9528579

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