What can water utilities do to improve risk management within their business functions? An improved tool and application of process benchmarking.

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dc.contributor.authorMacGillivray, Brian H.-
dc.contributor.authorPollard, Simon J. T.-
dc.date.accessioned2011-09-29T17:43:35Z
dc.date.available2011-09-29T17:43:35Z
dc.date.issued2008-11-01T00:00:00Z-
dc.description.abstractWe present a model for benchmarking risk analysis and risk based decision making practice within organisations. It draws on behavioural and normative risk research, the principles of capability maturity modelling and our empirical observations. It codifies the processes of risk analysis and risk based decision making within a framework that distinguishes between different levels of maturity. Application of the model is detailed within the selected business functions of a water and wastewater utility. Observed risk analysis and risk based decision making practices are discussed, together with their maturity of implementation. The findings provide academics, utility professionals, and regulators a deeper understanding of the practical and theoretical underpinnings of risk management, and how distinctions can be made between organisational capabilities in this essential business process.en_UK
dc.identifier.citationBrian H. MacGillivray, Simon J.T. Pollard, What can water utilities do to improve risk management within their business functions? An improved tool and application of process benchmarking, Environment International, Volume 34, Issue 8, November 2008, Pages 1120-1131-
dc.identifier.issn0160-4120-
dc.identifier.urihttp://dx.doi.org/10.1016/j.envint.2008.04.004-
dc.identifier.urihttp://dspace.lib.cranfield.ac.uk/handle/1826/3336
dc.language.isoen_UK-
dc.publisherElsevier Science B.V., Amsterdam.en_UK
dc.subjectRisk analysisen_UK
dc.subjectManagementen_UK
dc.subjectDecision theoryen_UK
dc.subjectBenchmarkingen_UK
dc.subjectWater utilityen_UK
dc.titleWhat can water utilities do to improve risk management within their business functions? An improved tool and application of process benchmarking.en_UK
dc.typeArticle-

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