Journal of Management Information and Decision Sciences (Print ISSN: 1524-7252; Online ISSN: 1532-5806)


Development of risk management practices in the electricity sector of the UAE

Author(s): AlMarzooqi, A. H., Kasdirin, H. A., & Mansor, N.

The problem of risk management is relevant for majority of modern business organizations, without dependency on sphere of their operations. This problem is especially relevant for the utilities sector, which plays a significant role for stable economic and social life. This study assessed the methodology of risk management applied in the energy distribution system of the UAE, specifically, the Abu Dhabi Distribution Company (ADDC). It was important to show what methods of risk management are applied in the organization, what factors create barriers for effective mitigation and control of risks. On the basis of the findings, the specific recommendations for future improvement of risk management in the selected organization were developed. The methodology of the study included mixture of quantitative and qualitative research methods, document analysis and survey questionnaire. The results of the study contributed to the identification of the propositions for future improvement of risk management process in the organization.

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