Risk Management in Power and Utilities
Who should attend?

This training course is designed for utility or consulting engineers and technicians involved in the planning and/or design of distribution facilities. If you are beginning a career in this area, this training course will be of great benefit to you. Prerequisite knowledge necessary to succeed in this course includes a basic familiarity with utility power distribution. This training course is suitable for a wide range of professionals but will greatly benefit:

  • Engineers and technicians new to the electric utility industry
  • Intermediate-level engineers and technicians responsible for utility distribution planning and design
  • Professionals involved with improving distribution system reliability
  • Utility engineers and consultants who conduct load forecasts and studies
  • Engineers tasked with assessing the performance of power distribution systems
5 Days
Programme Overview
Due to the volatile nature of the business in Power & Utility sector, organizations around the globe have to tackle the complexities of performing real-time risk measurement as well as mitigation. They would also require a highly risk-intelligent approach to survive the challenges posed by the economic and geo-political fluctuations. In order to execute and control their risk strategy, energy and utilities organizations must adopt a sound risk methodology, with the necessary flexibility to enable them to generate more profits This training course aims to equip technologists with the skills to commission, appraise and review risk assessments within the power & utility sector.

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 & utility 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
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.
Course Outline

Day 1 - Drivers for Risk Management

  • Understand organizational goals and objectives
  • List out relevant risks such as business risks, inherent risks, and financial statement risks
  • Identify and prioritize risks to be managed
  • Determine and document activities that control these risks
  • Develop a strong risk framework, and key control activities
  • Conduct a gap analysis of the control environment
  • Present recommendations for an effective risk mitigation process

Day 2 - Corporate Risk Management – Structures, Tools and Techniques

  • Brainstorming 
  • Event inventories and loss event data 
  • Interviews and self-assessment 
  • Facilitated workshops 
  • SWOT analysis 
  • Risk questionnaires and risk surveys
  • Scenario analysis 
  • Using technology 
  • Other techniques

Day 3 - Reliability, Availability and Maintainability (RAM) Analysis of the Utility Sector

  • RAM Performance Measures
  • Design Related Factors
  • Outrage Data Preparation
  • RAM Evaluation & Analysis
  • Reliability
  • Availability
  • Maintainability
  • Distributed Generation (DG) and Distributed Resources (DR)

Day 4  - Communicating Risk, Building Stakeholder Confidence

  • View risk as an enterprise-wide challenge. 
  • Standardize the risk assessment, quantification, and prioritization processes across the enterprise. 
  • Ingrain risk awareness into the culture. 
  • Implement a centralized repository of relevant rules and regulations
  • Provide real-time alerts of non-conformances to limit the impact of events
  • Conduct regular reviews of your risk program.
  • Utilize software to maximize your operational risk management program.

Day 5 - Risk Governance in the Utility Sector - Towards High-Reliability Organisations

  • Ensure compliance with myriad regulations across multiple geographies within cost and time constraints
  • Provide a complete and accurate enterprise view into risk
  • Create a single, integrated view of risk and compliance across the organization
  • Contain internal fraud
  • Link risks to root causes, events, hazards and other elements of governance, risk and compliance
  • Manage project risk and govern investments

scroll to top