A proactive approach to managing risks result in better use of resources to provide adequate levels of service at lower cost. Therefore, risk management lies at the heart of an effective asset management strategy. In this webinar, experts discussed important aspects of risk management for small water and wastewater systems.
Whether at work or in our day-to-day activities, we are constantly managing risk. These risks originate from various sources and their impacts vary in terms of potential damages. The appropriate path to mitigate risk also varies depending on factors such as availability of resources, risk tolerance, and redundancy.