Every asset rests on an elegant triangle: performance, cost and risk. Get the triangle right and communities barely notice their infrastructure, the highest compliment infrastructure can receive. Get it wrong and the consequences arrive as potholes, water main bursts, and angry deputations to council. To manage that triangle, we build risk registers, and they are models of diligence. Flooding? Covered. Bushfire? Naturally. Tree root intrusion, vehicle impact, coastal erosion? All present and accounted for, neatly scored by likelihood and consequence.
But nowhere, not in any register I have encountered, will you find a risk rating for the humble traffic cone ...