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

Lucas Peter Høj Brasen; Torben Tambo

doi:10.1109/ICCAKM50778.2021.9357740

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

Lucas Peter Høj Brasen, Torben Tambo

Department of Business Development and Technology

Research output: Contribution to book/anthology/report/proceeding › Article in proceedings › Research › peer-review

Abstract

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.

Original language	English
Title of host publication	Proceedings of 2nd International Conference on Computation, Automation and Knowledge Management, ICCAKM 2021
Number of pages	5
Volume	2
Place of publication	Dubai
Publisher	IEEE
Publication date	Jan 2021
Pages	37-41
Article number	9357740
ISBN (Print)	978-1-7281-9491-2
ISBN (Electronic)	9781728194912
DOIs	https://doi.org/10.1109/ICCAKM50778.2021.9357740
Publication status	Published - Jan 2021
Event	International Conference on Computation, Automation and Knowledge Management - Amity University Dubai, Dubai, United Arab Emirates Duration: 19 Jan 2021 → 21 Jan 2021 Conference number: 2 https://www.amity.edu/ICCAKM2021/default.asp

Conference

Conference	International Conference on Computation, Automation and Knowledge Management
Number	2
Location	Amity University Dubai
Country/Territory	United Arab Emirates
City	Dubai
Period	19/01/2021 → 21/01/2021
Internet address	https://www.amity.edu/ICCAKM2021/default.asp

Keywords

Asset management
Risk management
Agile risks
Agile risk management
Power transmission
Energy security

Access to Document

10.1109/ICCAKM50778.2021.9357740

Cite this

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title = "Complexity of Risk Management in Danish Power Transmission Industry: Managing Disregarded and Minor risks",

abstract = "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.",

keywords = "Asset management, Risk management, Agile risks, Agile risk management, Power transmission, Energy security",

author = "Brasen, {Lucas Peter H{\o}j} and Torben Tambo",

year = "2021",

month = jan,

doi = "10.1109/ICCAKM50778.2021.9357740",

language = "English",

isbn = "978-1-7281-9491-2",

volume = "2",

pages = "37--41",

booktitle = "Proceedings of 2nd International Conference on Computation, Automation and Knowledge Management, ICCAKM 2021",

publisher = "IEEE",

note = "International Conference on Computation, Automation and Knowledge Management, (ICCAKM - 2021) ; Conference date: 19-01-2021 Through 21-01-2021",

url = "https://www.amity.edu/ICCAKM2021/default.asp",

}

Brasen, LPH & Tambo, T 2021, Complexity of Risk Management in Danish Power Transmission Industry: Managing Disregarded and Minor risks. in Proceedings of 2nd International Conference on Computation, Automation and Knowledge Management, ICCAKM 2021. vol. 2, 9357740, IEEE, Dubai, pp. 37-41, International Conference on Computation, Automation and Knowledge Management, Dubai, United Arab Emirates, 19/01/2021. https://doi.org/10.1109/ICCAKM50778.2021.9357740

Complexity of Risk Management in Danish Power Transmission Industry: Managing Disregarded and Minor risks. / Brasen, Lucas Peter Høj ; Tambo, Torben.
Proceedings of 2nd International Conference on Computation, Automation and Knowledge Management, ICCAKM 2021. Vol. 2 Dubai: IEEE, 2021. p. 37-41 9357740.

Research output: Contribution to book/anthology/report/proceeding › Article in proceedings › Research › peer-review

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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

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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 -

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

Abstract

Conference

Keywords

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EXPLORING AGILE APPROACHES IN ENGINEERING ASSET MANAGEMENT - PHD Project

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

Abstract

Conference

Keywords

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Projects

EXPLORING AGILE APPROACHES IN ENGINEERING ASSET MANAGEMENT - PHD Project

Cite this