Accurate assessment of risk enables city staff to streamline processes for lower-risk contracts.
Account for variation in risk
Regulations calibrated to the level of risk involved reduce the regulatory burden of lower-risk contracts while ensuring that higher-risk contracts receive the scrutiny they deserve. A streamlined process for low-risk contracts also creates opportunities for smaller businesses that otherwise would not be able to compete due to onerous regulatory requirements.
Show the costs and hidden failures of the status quo
Prescriptive procurement requirements limit opportunities for creative problem-solving. As a result, the city may end up purchasing a solution that fails to solve the problem well. Honest assessments of failed past efforts show the cost of existing processes and can help make the case for a new approach.
- Sascha Haselmayer, Citymart
Are Cities Getting it All Wrong in Public Management Risk?
- William D. Eggers, Governing
Faster Government: Rethinking the Risk Equation