Enterprise Wide Risk Management

Strengthening utility risk management to successfully navigate complex change

Utilities today face complex decisions – from stakeholder demands for a more reliable, efficient and sustainable energy system, to balancing internal strategic, operational and financial needs within an increasingly capital- and carbon-constrained world.

 

Anticipating and understanding risk enterprise-wide is critical to effectively managing immediate-term operations with an eye on long-term strategic direction.

 

Technical and management perspectives on utility risk management

KEMA understands the principle drivers of change in the utility industry today. And we help clients enhance their business strategies in response to these drivers. We are highly experienced in working with senior executives on both the technical and management side of the utility. We deliver fresh, independent perspectives on applying modern risk management frameworks with engineering risk assessment best practices—critical for utility-wide enterprise management solutions. 

 

Mapping utility risk for strategic solutions

Risk management is an on-going process. KEMA’s enterprise risk management approach helps clients identify, and gain full understanding of, key risks factors across the utility system. We develop client-specific, prioritized ‘risk maps’ and tailored risk migration strategies and solutions to anticipate and address complex challenges head-on.

Our assessment typically begins with identifying and understanding the client’s business objectives, the environment and key risk factors. We then quantify and prioritize each risk factor based on its impact to the company and its key stakeholders.

Based on this understanding and risk prioritization, we help clients design risk management solutions—including strategic, operational, organization, capital restructuring, and risk transfer alternatives depending on the key risks. Finally we help select set of solution alternatives that will best manage the total risk profile, and establish and implement procedures to measure the effectiveness of solution alternatives employed.