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Risk Management in Power and Utilities

Risk Management in Power and Utilities

Power, Utility & Energy

By the end of this training course, participants will be able to:
- Summarise the context of risk governance in the utility sector and explain organisational structures for risk management; relating these to corporate objectives, eg license to operate
- Exemplify strategic, tactical and operational risk in the power & utilities sector and their significance for a modern utility consumption
- Identify and select from key risk analysis tools and techniques appropriate to a range risk problem under study; be confident about the rules for selecting risk techniques and what level of decision support they can realistically provide
- Undertake reliability analysis calculations, understanding and calculating MTTF/MTBF/MTTR to obtain availability
- Devise risk management strategies for managing risks to and from engineered systems; relating these to the development of water safety plans - the key process for ensuring preventative risk management in the sector
- Risk governance structures and key risk management competencies for individuals, organisations and specialists; recognising core features of a 'risk mature' organisation
- Critically evaluate environmental risk assessments in the context of regulatory permitting – sitting, operations and discharge.


Day 1: Drivers for risk management
Day 2: Corporate risk management – structures, tools and techniques
Day 3: Reliability, Availability and Maintainability (RAM) analysis of utility sector
Day 4: Communicating risk, building stakeholder confidence
Day 5: Risk governance in the utility sector - towards high reliability organisations


This training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension, and retention of the information presented. This includes incorporating case studies and scenarios from numerous utilities as well as classroom exercises to engage the delegates in planning strategies and methods. Goals and objectives for a comprehensive system plan will be studied, balancing system performance with economics. Increases in reliability will be deliberated and realistic means of achieving improved reliability goals will be explored.


5 Days




On premises; online; others

Risk Management in Power and Utilities
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