BETTER UTILITY DECISIONS – EVALUATING ORGANISATIONAL MATURITY IN RISK MANAGEMENT WITHIN THE WATER UTILITY SECTOR

S.J.T. Pollard; B.H. MacGillivray; P.D. Hamilton; S.E. Hrudey; J.E. Strutt; J.V. Sharp; L. Reekie

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BETTER UTILITY DECISIONS – EVALUATING ORGANISATIONAL MATURITY IN RISK MANAGEMENT WITHIN THE WATER UTILITY SECTOR

Abstract

Risk management in the water utility sector is fast becoming an explicit paradigm. Here, we describe the application of a risk management capability maturity model to benchmark the risk management maturity of water utilities from the UK, Australia and the USA. The analysis is suggestive of capabilities in the sector as a whole and illustrates the need for improved competencies in risk management and the management of risk knowledge. Heightened level of risk management capability can be achieved by improving the risk management cultures within organisations.

Risk management in the water utility sector is fast becoming an explicit paradigm. Here, we describe the application of a risk management capability maturity model to benchmark the risk management maturity of water utilities from the UK, Australia and the USA. The analysis is suggestive of capabilities in the sector as a whole and illustrates the need for improved competencies in risk management...

Author(s)

S.J.T. PollardB.H. MacGillivrayP.D. HamiltonS.E. HrudeyJ.E. StruttJ.V. SharpL. Reekie

SourceProceedings of the Water Environment Federation

SubjectSession TUE6: Risk Management: A Roll of the Dice or Good Planning?

Document typeConference Paper

PublisherWater Environment Federation

Print publication date Jan, 2006

ISSN1938-6478

SICI1938-6478(20060101)2006:1L.493;1-

DOI10.2175/193864706783789671

Volume / Issue2006 / 1

Content sourceUtility Management Conference