Enterprise risk management (ERM) examines the impacts of potential financial, operational, regulatory, environmental, legal, safety, and reputation risks on an organization. As a result, ERM helps utilities achieve their objectives by improving their operational and organizational effectiveness. Attend this two-day session to enhance your organization’s ERM capabilities.

In this two-day class, you will learn to conduct a risk inventory, prioritize risks, and then develop mitigation plans. The class will discuss different approaches for identifying and managing controllable and uncontrollable risks. The class will give you insights into using risk information to support compliance, auditing, strategy development, budgeting, and operations.

One of the challenges with implementing ERM is how to approach it organizationally. Therefore, the class will also explore how to: 1) Implement a bottom-up survey; 2) Conduct a top-down assessment; and 3) Use an operating planning team to monitor risks. You will also discover how to incorporate risk management processes into other utility planning processes to leverage the risk information effectively. Finally, you will learn recommended steps for maintaining ERM practices internally within the organization.

Hosted By

Northwest Public Power Association (NWPPA)

Northwest Public Power Association (NWPPA)