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.