Risk management

Waimea Water Limited encourages a culture that is risk aware and proactively seeks to understand and mitigate risk where it is identified.

Best practice

We have adopted a best practice risk management procedure and have inherited a comprehensive risk assessment from the project investment appraisal, which sets a baseline that will be regularly refreshed and maintained through an active risk management process. This has formed our risk register including operational risks, which is actively maintained and regularly updated. Both management and the Board are involved in managing risks.

Project team

Professional design and assurance engineering consultants provide design change management and construction observation assurance; this ensures the dam is built in accordance with the approved design and that any necessary changes due to site conditions are properly quality controlled.

Professional quantity surveyors and the engineer to contract (ETC) together provide robust risk mitigation.

Project governance

A Project Governance Board is in place, chaired by WWL’s CEO, with membership comprising senior leadership from WWL and the joint venture parent companies.