RISK MANAGEMENT ON THE EXAMPLE OF THE WATER AND SEWAGE INDUSTRY. SELECTED ASPECTS

As part of the risk management system, the main document is the risk register, which contains theidentification and assessment of basic opportunities and threats in each organization. As regards riskmanagement (ISO 31000:2018 and the Polish standard PN-EN IEC 31010:2020-01), it is necessary tobe aware of how a given risk affects the company’s strategy, to identify risk factors and their effects, andto record risks and their categories. Monitoring and adapting the system to the corporate environmentis also important. The risk management system should also comprise a plan for implementingcorrective actions in case of an identified threat or emerging opportunity (positive risk). Riskmanagement is an ongoing process, not an ad hoc measure. It requires improvement at all levels of theorganization and awareness of the importance of this document. Proper identification of risks is a keyfactor in achieving organizational objectives. The article describes the risk management process on theexample of a water and sewage company from southern Poland. The register of identified risks (whichis called the “Risk and Opportunity Register” in the analysed enterprise) includes sixteen areas,selected five of which have been described in the article, namely: water production, water supplynetwork, water safety, wastewater and sewage and environmental protection.