Enterprise Risk Management at Great Plains Energy

Abstract

This case looks at the design and implementation of a risk management strategy. It reviews the early moves by Great Plains Energy (GPE) to establish a corporate-wide Enterprise Risk Management program. The corporate Chief Risk Officer is Andrea Bielsker. Andrea appointed Jana Utter to take charge of coordinating the design and implementation of the ERM program. Utter faces a number of challenges. She has had to first conceptualize the program given the charge by the Board of Directors, then design a process by which she identifies the risks that the corporation faces, assist in designing measures for the risks, and work with the various divisions and functional areas to put processes in place to mitigate the identified risks.

Citation

Leggio, K.B., Taylor, M.L. and Utter, J. (2006), "Enterprise Risk Management at Great Plains Energy", , Vol. 3 No. 1, pp. 63-90. https://doi.org/10.1108/TCJ-03-2006-B005