Revisions Log Section Date Change Overview Name Executive Summary This program manual describes the requirements, roles, and responsibilities for risk management. It provides direction to the Bear Valley Electric Service Company (BVES) on implementing the Company’s Risk Management Framework. BVES’s risk management process consists of six high-level processes (in bold below) that are described in detail in this document. The following summarizes what must be accomplished in each step: Risk Identification Gather an initial list of risk events in a brainstorming session Review and categorize brainstormed risk events (e.g., link risk events to asset classes) Select priority risk events for initial analysis Document work involved in Risk Identification Risk Analysis Perform initial analysis on selected risk events (e.g., is impact high, medium, or low?) Select risk events for full analysis Perform full analysis on selected risk events (e.g., assess frequency and impact) Assign an impact rating in six impact categories Develop Basis Document to capture assumptions and rationale behind scoring Communicate analysis results to affected parties Document work in Risk Register Risk Evaluation and Scoring
Revisions Log Section Date Change Overview Name Executive Summary This program manual describes the requirements, roles, and responsibilities for risk management. It provides direction to the Bear Valley Electric Service Company (BVES) on implementing the Company’s Risk Management Framework. BVES’s risk management process consists of six high-level processes (in bold below) that are described in detail in this document. The following summarizes what must be accomplished in each step: Risk Identification Gather an initial list of risk events in a brainstorming session Review and categorize brainstormed risk events (e.g., link risk events to asset classes) Select priority risk events for initial analysis Document work involved in Risk Identification Risk Analysis Perform initial analysis on selected risk events (e.g., is impact high, medium, or low?) Select risk events for full analysis Perform full analysis on selected risk events (e.g., assess frequency and impact) Assign an impact rating in six impact categories Develop Basis Document to capture assumptions and rationale behind scoring Communicate analysis results to affected parties Document work in Risk Register Risk Evaluation and Scoring
BVES%20Program%20Manual%20Final%20Edit%20Version.docx