Risk analysis strategies in the water utility sector: An inventory of applications for better and more credible decision making

MacGillivray, Brian ORCID: https://orcid.org/0000-0001-9065-4451, Hamilton, P. D., Strutt, J. E. and Pollard, S. J. T. 2006. Risk analysis strategies in the water utility sector: An inventory of applications for better and more credible decision making. Critical Reviews in Environmental Science and Technology 36 (2) , pp. 85-139. 10.1080/10643380500531171

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Abstract

Financial pressures, regulatory reform, and sectoral restructuring are requiring water utilities to move from technically inclined, risk-averse management approaches toward more commercial, business-oriented practices. Risk analysis strategies and techniques traditionally applied to public health protection are now seeing broader application for asset management, assessing competition risks, and potential threats to the security of supplies. Water utility managers have to consider these risks alongside one another, employ a range of techniques, and devise business plans that prioritize resources on the basis of risk. We present a comprehensive review of risk analysis and management strategies for application in the water utility sector at the strategic, program, and operational levels of decision making.

Item Type:	Article
Date Type:	Publication
Status:	Published
Schools:	Sustainable Places Research Institute (PLACES) Psychology
Publisher:	Taylor & Francis
ISSN:	1064-3389
Last Modified:	04 Jan 2023 02:38
URI:	https://orca.cardiff.ac.uk/id/eprint/71967

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