14:40
–
15:25
August 7, 2024
The Asset Management Group did not have risk visibility for all assets, a structured way of prioritising interventions or have a method of quantifying the corporate risk appetite. We required the ability to set asset risk targets, assess gaps, identify interventions, and implement interventions in a structured manner for all assets. Our solution was to add all 2.7M to a single risk matrix and use it as a tool to quantify the corporate risk appetite. This was also intended to simplify our investment justification.
We weren’t quite able to bring the goal to fruition in accordance with the original goal. But in this session you'll hear what we did achieve, what we would do differently, and explain what we think is possible to bring this idea to maturity.
In this presentation we will discuss many of the contributing factors and as well as the successes. This is a lesson’s learnt presentation on what we have done to date and what we need to do in the future.
Key takeaways include;
Poor Asset Data that Compromises Decision-Making
Lead Engineer – Risk and Compliance
AusNet Services
Tim McLain
Lexin Solutions