Managing Risk Through Effective Team-Based Decision Making
Source: MBA Publishing
Making sure that government, businesses and households have secure supplies of energy is a huge commitment. Engineers working for the energy supply companies must make sure that this commitment is met 24 hours a day, 365 days a year. This case study shows how the engineers who work for one of the UK's major energy businesses, RWE npower, are involved in securing energy supplies and in the management of risk. Risk lies at the core of any enterprise activity. Businesses therefore have to manage risks every day of the week, for 52 weeks in the year. Successful management of risk involves getting the balance right between risk and other factors such as cost and return.