New guidance for water sector in risk management
Cranfield University's Water Science Institute is developing a practical guide for group risk managers working in water utilities across the world.
The Institute is working with the US Water Research Foundation (WaterRF) to produce the guidance.
Many water utilities now have group or chief risk managers who need practical support on coordinating risk management for their businesses.
Cranfield’s head of Environmental Science and Technology, Professor Simon Pollard, said: “Stakeholder pressure requires water utilities to evidence more clearly how they assess, manage and communicate the risks they face.
“It’s not just about having tools and processes in place. It’s as much about the people and organisational culture that utilities nurture to help their staff be both vigilant and empowered to make informed decisions on risk.”
Cranfield is involved in a range of risk management activities; it has an executive short course on risk and reliability engineering and has carried out research projects in partnership with Cranfield School of Management on risk management culture.
The new guidance for the water sector will be available in later 2012.
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