Appraising longitudinal trends in the strategic risks cited by risk managers in the international water utility sector, 2005-2015

Simple item page
dc.contributor.authorChalker, Rosemary T. C.
dc.contributor.authorPollard, Simon J. T.
dc.contributor.authorLeinster, Paul
dc.contributor.authorJude, Simon
dc.date.accessioned2018-01-12T12:12:16Z
dc.date.available2018-01-12T12:12:16Z
dc.date.issued2017-11-02
dc.description.abstractWe report dynamic changes in the priorities for strategic risks faced by international water utilities over a 10 year period, as cited by managers responsible for managing them. A content analysis of interviews with three cohorts of risk managers in the water sector was undertaken. Interviews probed the focus risk managers' were giving to strategic risks within utilities, as well as specific questions on risk analysis tools (2005); risk management cultures (2011) and the integration of risk management with corporate decision-making (2015). The coding frequency of strategic (business, enterprise, corporate) risk terms from 18 structured interviews (2005) and 28 semi-structured interviews (12 in 2011; 16 in 2015) was used to appraise changes in the perceived importance of strategic risks within the sector. The aggregated coding frequency across the study period, and changes in the frequency of strategic risks cited at three interview periods identified infrastructure assets as the most significant risk over the period and suggests an emergence of extrinsic risk over time. Extended interviews with three utility risk managers (2016) from the UK, Canada and the US were then used to contextualise the findings. This research supports the ongoing focus on infrastructure resilience and the increasing prevalence of extrinsic risk within the water sector, as reported by the insurance sector and by water research organisations. The extended interviews provided insight into how strategic risks are now driving the implementation agenda within utilities, and into how utilities can secure tangible business value from proactive risk governance. Strategic external risks affecting the sector are on the rise, involve more players and are less controllable from within a utility's own organisational boundaries. Proportionate risk management processes and structures provide oversight and assurance, whilst allowing a focus on the tangible business value that comes from managing strategic risks well.en_UK
dc.identifier.citationChalker RTC, Pollard SJT, Leinster P, Jude S, Appraising longitudinal trends in the strategic risks cited by risk managers in the international water utility sector, 2005-2015, Science of the Total Environment, Vol 618, 15 March 2018, pp. 1486-1496en_UK
dc.identifier.issn0048-9697
dc.identifier.urihttp://dx.doi.org/10.1016/j.scitotenv.2017.09.294
dc.identifier.urihttp://dspace.lib.cranfield.ac.uk/handle/1826/12888
dc.language.isoenen_UK
dc.publisherElsevieren_UK
dc.rightsAttribution 4.0 International*
dc.rightsAttribution 4.0 International (CC BY 4.0) You are free to: Share — copy and redistribute the material in any medium or format Adapt — remix, transform, and build upon the material for any purpose, even commercially. The licensor cannot revoke these freedoms as long as you follow the license terms. Under the following terms: Attribution — You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use. Information: No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/*
dc.subjectStrategicen_UK
dc.subjectRisken_UK
dc.subjectGovernanaceen_UK
dc.subjectTrendsen_UK
dc.subjectAssetsen_UK
dc.subjectValueen_UK
dc.subjectWateren_UK
dc.subjectUtilityen_UK
dc.titleAppraising longitudinal trends in the strategic risks cited by risk managers in the international water utility sector, 2005-2015en_UK
dc.typeArticleen_UK

Files

Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Appraising_longitudinal_trends_in_the_strategic_risks-2017.pdf
Size:
1.2 MB
Format:
Adobe Portable Document Format
Description:
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.63 KB
Format:
Item-specific license agreed upon to submission
Description:
Download

Collections

Staff publications (SWEE)