Citation:
Risk analysis and management in the water utility sector - A review of drivers, tools and techniques, Pollard SJT, Strutt JE, MacGillivray BH, Hamilton PD, Hrudey SE, Process safety and Environmental Protection, 82 (B6): 453-462 NOV 2004
Abstract:
The provision of wholesome, affordable and safe drinking water that has the
trust of customers is the goal of the international water utility sector. Risk
management, in terms of protecting the public health from pathogenic and
chemical hazards has driven and continues to drive developments within the
sector. In common with much of industry, the water sector is formalizing and
making explicit approaches to risk management and decision-making that have
formerly been implicit. Here, we review the risk management frameworks and risk
analysis tools and techniques used within the water sector, considering their
application at the strategic, programme and operational levels of decision-
making. Our analysis extends the application beyond that of public health to
issues of financial risk management, reliability and risk-based maintenance and
the application of business risk maturity models.