Enterprise Risk Advisory – Large Investor-Owned Utility
Large Investor-Owned Utility – Enterprise Risk Advisory
Client Profile
Large Investor-Owned Utility – Enterprise Risk Advisory
Situation
The utility operated without a comprehensive enterprise risk management framework, leaving leadership with limited visibility into risk exposure across a multi-billion-dollar capital portfolio. Existing processes were focused on individual projects, making it difficult to manage systemic risk, ensure consistency across programs, and provide reliable reporting for regulatory and executive decision-making. Leadership required a structured enterprise approach that could integrate governance, modeling, and technology to strengthen portfolio oversight.
Our Role
CARIAN designed and implemented an enterprise portfolio risk management framework tailored to the client’s capital delivery environment. Our team established governance processes, developed standardized risk registers, and introduced advanced modeling methods including scenario analysis and Monte Carlo simulations. We partnered with the utility to implement an enterprise risk platform, migrated project data into the system, and trained staff across business units to ensure sustainable adoption. Change management and executive workshops were central to embedding risk practices into day-to-day portfolio decision-making.
Key Services Delivered
· Enterprise Risk Governance Framework: Designed and deployed governance structures, risk registers, and standardized processes across the portfolio
· Quantitative Risk Modeling: Delivered advanced scenario modeling and Monte Carlo simulations to strengthen risk-based decision-making
· Enterprise Platform Implementation: Partnered with software vendor to deploy and configure an enterprise risk tool, enabling centralized visibility and automated reporting
· Change Management & Training: Facilitated cross-functional workshops, stakeholder engagement, and organizational training to embed practices sustainably
Value Delivered
· Introduced Enterprise Risk Discipline: Established formal enterprise risk management processes for the first time, shifting the organization from reactive to proactive
· Improved Portfolio Oversight: Consolidated dozens of projects into a centralized risk platform, giving leadership real-time visibility into systemic portfolio risk
· Strengthened Capital Planning: Delivered risk-based insights that improved forecast accuracy and enabled smarter allocation of multi-billion-dollar investments
· Sustainable Adoption: Equipped teams through change management and training, ensuring practices became embedded in day-to-day portfolio governance
Value Delivered
Program Highlights
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