Risk Modelling – Identification, Evaluation and Mitigation of Operational Risks
Resilience based risk index (ReBRi)
CIGRE Working Group B2.77
Risk Management
A generic risk management framework that can be customized to suit the specific needs of power line utilities. This framework considers both simplified and detailed interdependencies, allowing a wide range of stakeholders to assess operational risks for a given network in a relatively short timeframe compared to the complex frameworks available.
Risk Model
Key criteria include Network Importance, Restoration Complexity, Historical Performance and Route Vulnerability. The model provides insights into proposed mitigations, residual risks, and the benefits of chosen risk reduction strategies.
Network importance
Restoration complexity
Historical performance
Vulnerability
Resilience based risk index – A model for identification, evaluation and mitigation of operational risks