CUED Publications database

Managing Information Risks in asset management - Experiences from an in-depth case study in the utility industry

Borek, A and Woodall, P and Gosden, M and Parlikad, AK (2011) Managing Information Risks in asset management - Experiences from an in-depth case study in the utility industry. In: UNSPECIFIED p. 34..

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Abstract

Information is one of the most important resources in our globalized economy. The value of information often exceeds the value of physical assets. Information quality has, in many ways, an impact on asset management organisations and asset managers struggle to understand and to quantify it, which is a prerequisite for effective information quality improvement. Over the past few years, we have developed an innovative management concept that addresses these new asset management challenges: a process for Total Information Risk Management (TIRM), which has been already tested in a number of asset management industries. The TIRM process enables to manage information quality more effectively in asset management organisations as it focuses specifically on the risks that are imposed by information quality. In this paper, we show how we have applied the TIRM process in an in-depth study at a medium-sized European utility provider, the Manx Electricity Authority (MEA), at the Isle of Man.

Item Type: Conference or Workshop Item (UNSPECIFIED)
Uncontrolled Keywords: Asset management Business impact of information quality Information risk management Strategic information management Utility case study
Subjects: UNSPECIFIED
Divisions: Div E > Manufacturing Systems
Depositing User: Cron Job
Date Deposited: 07 Mar 2014 12:06
Last Modified: 30 Nov 2014 09:45
DOI: 10.1049/cp.2011.0551