Integrated Programming to Meet Organization Expectation, Industry Best Practices
Utilities need to address grid and other infrastructure reliability, resiliency, modernization and security needs via an integrated asset lifecycle risk program. A risk program should be anchored on data quality, asset condition assessments and optimized investment strategies that are repeatable, justifiable and auditable.
Several incidents recently highlight the necessity for more rigorous planning and investment for reliable grid and integration of distributed energy resources with existing infrastructure. Investment decisions must be made in consideration of risk-reduction value per dollar invested under a comprehensive Enterprise Risk Management (ERM) value framework that provides consistency and continuous optimization across the enterprise.
Applies risk value framework and methodology to create a repeatable, justifiable and auditable process for quantifying risk mitigation value and optimized investments.
Our in-depth knowledge of electric and gas transmission and distribution assets, asset risk analysis expertise and utility business experience guides our clients through an effective asset performance management procurement and implementation process -including integration with AIP.
Our targeted approach provides customers with an understanding of the state of their data and leverages remedial action methodologies to expedite data quality and use initiatives.
Our comprehensive ERM Program assessment is consistent with ISO 31000, specific application area standards (NIST, CSF for operational technology cybersecurity), S&P and emerging ESG standards for energy portfolio and market and compliance risk management best practices.
Infrastructure Modernization Services for Asset Lifecycle Risk Management
Black & Veatch Management Consulting utilizes an enterprise risk management framework that guides customers in consistently quantifying risk and optimizing risk mitigation investments across the enterprise. We use best practice tools and methods in evaluating asset reliability risk and resiliency, energy portfolio decarbonization, grid modernization requirements and investment optimization.
