Asset risk management in other sectors will be reviewed and benchmarked as well
Asset risk management in other sectors will be reviewed and benchmarked as well

Royal HaskoningDHV and Cranfield Varsity to assess future of water

UK Water Industry Research (UKWIR) has appointed the global engineering consultancy and Cranfield University, to investigate the future of asset risk management for the UK water sector.

Royal HaskoningDHV and Cranfield University will be looking into how the water sector can better contribute to creating positive value for society through asset management decision making. For example, by improving risk management along with applying emerging technologies to become more sustainable and adaptable to the challenges the industry faces.

Consideration is given to managing risk at an individual asset, system or systems level to reflect the complexity of water industry operations. This project draws on global water industry experience as well as expertise and practices from other sectors to produce a research roadmap. This is designed to deliver an idealised vision for the future of risk management of water industry assets.

Next level risk planning
UKWIR’s Programme Manager Chris Royce said, “This is a first of several exciting projects which can help build asset and investment planning capability over the next decade. It's over 15 years since UKWIR facilitated the development of forward-looking risk-based approaches. This project plans to take risk-based planning to the next level. This project ensures that we are able to respond to our current and future customers requirements.”

Royal HaskoningDHV’s Water Sector Director Paul Lavender said, “We are excited to be working with UKWIR and industry stakeholders to understand the opportunities for improved risk management. We want this project to genuinely reflect best practice and encourage contributions from companies within and outside the sector, who want recognition of their work in this field. We have an opportunity to enhance society together by making use of the latest advances in digital technology for improved decision making.”

Water Today | Magazine