Complexity of Risk Management in Danish Power Transmission Industry: Managing Disregarded and Minor risks

TY - GEN

T1 - Complexity of Risk Management in Danish Power Transmission Industry: Managing Disregarded and Minor risks

AU - Brasen, Lucas Peter Høj

AU - Tambo, Torben

N1 - Conference code: 2

PY - 2021/1

Y1 - 2021/1

N2 - With Risk being an ever-present concern, the Danish Power Transmission Industry (DPT) is no stranger to the concept. However, with growing complexity in the asset portfolio and an organization that wants to conform with agile methods, the DPT involved in this paper, are facing challenges regarding risk management in asset management activities. Disregarded and minor risks are backlogged and surveyed only once a year and a strong desire to change that fact have arisen in the asset management department. The aim of this study is therefore to examine the literature and investigate the current processes at the DPT, to ensure the development of a solution that can encapsulate and solve the disregarded and minor risks.

AB - With Risk being an ever-present concern, the Danish Power Transmission Industry (DPT) is no stranger to the concept. However, with growing complexity in the asset portfolio and an organization that wants to conform with agile methods, the DPT involved in this paper, are facing challenges regarding risk management in asset management activities. Disregarded and minor risks are backlogged and surveyed only once a year and a strong desire to change that fact have arisen in the asset management department. The aim of this study is therefore to examine the literature and investigate the current processes at the DPT, to ensure the development of a solution that can encapsulate and solve the disregarded and minor risks.

KW - Asset management

KW - Risk management

KW - Agile risks

KW - Agile risk management

KW - Power transmission

KW - Energy security

UR - http://www.scopus.com/inward/record.url?scp=85102459321&partnerID=8YFLogxK

U2 - 10.1109/ICCAKM50778.2021.9357740

DO - 10.1109/ICCAKM50778.2021.9357740

M3 - Article in proceedings

SN - 978-1-7281-9491-2

VL - 2

SP - 37

EP - 41

BT - Proceedings of 2nd International Conference on Computation, Automation and Knowledge Management, ICCAKM 2021

PB - IEEE

CY - Dubai

T2 - International Conference on Computation, Automation and Knowledge Management

Y2 - 19 January 2021 through 21 January 2021

ER -