Risk Management and Reliability Engineering for the Utility Sector Cranfield University

Overview

Utilities provide essential public health and environmental protection services to society and those working in the sector need to be versed with the context, tools and requirements of good risk governance - meaning the analysis, management, communication and human/organisational processes for managing risk and opportunity. 

What you will learn

On successful completion of this Risk Management and Reliability Engineering for the Utility Sector course at Cranfield University you will be able to:

• Summarise the context of risk governance in the utility sector and explain organisational structures for risk management; relating these to corporate objectives, eg license to operate,
• Exemplify strategic, tactical and operational risk in the water, wastewater or waste sector and their significance for a modern water utility,
• Identify and select from key risk analysis tools and techniques appropriate to a range risk problem under study; be confident about the rules for selecting risk techniques and what level of decision support they can realistically provide,
• Undertake reliability analysis calculations, understanding and calculating MTTF/MTBF/MTTR to obtain availability,
• Identify critical control points and devise risk management strategies for managing risks to and from engineered systems; relating these to the development of water safety plans - the key process for ensuring preventative risk management in the sector,
• Devise risk governance structures and debate key risk management competencies for individuals, organisations and specialists; recognising core features of a 'risk mature' organisation,
• Scope out and critically evaluate environmental risk assessments in the context of regulatory permitting – sitting, operations and discharge.