When initiating and then implementing activities in various business areas – including power system management, system development, ICT, maintenance and projects – PSE takes into account risks whose materialisation could contribute to the failure to achieve the intended strategic and operational objectives, including affecting the organisation's ability to ensure the continuous operation of the National Power System (NPS) and the company itself.
Risk management consists of the systematic application – in all areas of our business – of planned and coordinated actions, procedures and practices to reduce or eliminate the possibility of risks materialising, and to minimise the negative effects of their occurrence or to capitalise on their positive consequences.
The methodological approach used to identify and assess the risks most relevant to NPS and PSE is defined in the Methodology of Risk Assessment at PSE S.A. and its Subsidiaries.
The methodology and accompanying tool solutions support the following:
- identification of key risks associated with the functioning of the organisation, including those relating to operational, maintenance and investment activities,
- assessment of identified risks, their quantification and presentation in the form of ranking,
- determining the relationship between the identified risks,
- conducting ongoing monitoring of risks, including trends in their value, and generating synthetic management information on risks.
The risk management process is supported by a risk monitoring system (SMR) that provides a base of up-to-date knowledge of the risks associated with the company's operations and the NPS.
As part of continuous improvement of the organisational, process and technological solutions, initiatives are taken at PSE aimed at both increasing the efficiency and safety of the NPS and the company’s functioning, and at reducing or managing risks more effectively.