Risk Management of a CE grid organisation

DABRICON was asked by an electricity grid organisation to professionally review their crisis plans and recommend enhancements to their business continuity planning and risk management procedures overall.

Reviewing the risk management process and its details in the company revealed that the crisis plans only formally fulfilled legal requirements, without sufficient regard to practical risk perspectives. We found significant gaps in operational risk cover, or discrepancies in setup and application, which represented a threat to the company. BCM appeared more theoretical than applied. Risk management did not carry sufficient value in the company´s culture, on the assumption that public bodies would deal with potential damage.

We recommended numerous improvements to change this situation and manage the clearly growing risks affecting their operations (in particular, cyber-crime, geopolitical change, and bribery) in a way suited to  the risk environment of the 21^st century.