Leading Practice Webinar: Managing Enterprise Risk Intelligence in the Power and Water Industries

With a critical role in national infrastructure, organisations in the Power and Water sectors face exposure to a substantial number of risks. While risk managers in all industries are grappling with the problems of performing real-time risk measurement and mitigation, risk managers in the power and water sector have to tackle the additional complexities inherent in the industry.

In the power industry, these complexities may include heavy regulations, a large diverse customer base, geographically disparate assets, loss of skilled labour, raw material shortages and soaring prices. In the water industry, these complexities may include erosion, floods, storms, droughts, climate change, infectious diseases, regulatory risk, political risk, revenue risk and macro-economic risk.

All business functions are impacted operationally as well as strategically. As a result, companies in these industries are looking to systematically identify, measure, prioritise and respond to all types of incidents and risk in the business. Failure to address these risks can have disastrous economic and environmental consequences. Often the impact of an eventuated risk such as an unexpected event or compliance breach can be catastrophic, with an immediate adverse effect on supply, business continuity and in some cases, can even lead to major litigation.

The concept and adoption of Enterprise Risk Intelligence is growing rapidly as organisations realise the value of integrating the previously disparate functions of compliance, event/incident, claims and risk management. Organisations in the Power and Water Industries must implement Enterprise Risk Intelligence to improve operational and strategic planning and reduce the impact of unexpected events and compliance breaches.

What will be covered?

• Current state and challenges in power and water organisations
•  The definition of Enterprise Risk Intelligence
•  The evolution of Enterprise Risk Intelligence
•   Examples in best practice power and water organisations 
•   The benefits of Enterprise Risk Intelligence.

Who should attend:

This is a must attend event if you in a role that is responsible for risk, compliance, event or claims management in either the power or water industries.

Andrew Howarth, 'The father of Enterprise Risk Intelligence'

Andrew Howarth is the founder and CEO of RMSS and has been instrumental in developing a new paradigm shift in risk management called Enterprise Risk Intelligence. Andrew’s achievements include over 18 years in senior risk management roles with multinational organisations throughout Australia and Asia. At RMSS, Andrew’s expertise in implementing Enterprise Risk Intelligence solutions has assisted clients across a broad range of industries to more effectively manage enterprise risk by integrating the previously disparate functions of risk management, event/incident management and compliance. In addition to Andrew's experience in the field of risk management, he has formal qualifications in the form of a Master of Business and Technology (Risk Management) from the University of New South Wales. Andrew is also a regular speaker on risk management and Enterprise Risk Intelligence related topics at various risk and compliance industry seminars and events.