NG UKBP/TP 194A PDF

PURPOSE AND SCOPE

The purpose of this document is to define the minimum risk (threat and opportunity) management requirements to be implemented by each of the Area Electricity Alliances in a Risk (Threat and Opportunity) Management Process. The objectives of this document are to:

• Define the context and boundaries of the risk management system, including key objectives and review processes;

• Clarify the roles of individuals within the process including responsibilities, authority and lines of reporting for risk management activities;

• Outline the risk management process to improve understanding of the methodologies and processes to be used;

• Maintain consistency in assessing and reporting risk;

• To integrate into the existing TP146 investment process throughout all stages of delivery;

• Ensure a clear understanding of the terms used in risk management.