Network Risk Assessment Guideline
The objective of the Network Risk Assessment Guideline is to expand upon the Standard for Network Risk Assessment to achieve consistent risk based assessments of the Ergon Energy Network by seeking to:
- explain the process of conducting a Network Risk based assessment, before and after Program of Works projects and programs; and
- ensure consistency of application of the network risk assessment process. This is to support the overarching principles of effective Risk Management whereby it:
- facilitates continual improvement by being systematic, dynamic and responsive to change;
- explicitly addresses uncertainty;
- ensures significant risks are understood, managed and monitored via a corporate risk profile; enables prioritisation of risks on an organisational basis rather than business unit basis;
- enables better asset management and maintenance by more effective allocation and use of resources;
- provides a rigorous basis for decision making leading to pro-active rather than re-active decisions;
- fosters legal and regulatory compliance;
- minimises potential for litigation; and
- protects people’s safety.
These guidelines apply to all Network Risk Assessments for projects and programs that are to be considered for inclusion into Ergon Energy’s Capital Program.