Page 80 - PEA_AnnualReport_2016

Risk Management Committee Report

The Provincial Electricity Authority’s primary mission is to provide electricity services

and engage in other related businesses to meet customer needs and build satisfaction in quality
and services by developing the organization continually with responsibility to society and the
environment.
The Provincial Electricity Authority has management processes to respond to the
organization’s primary mission by adhering to the principle of Enterprise Risk Management
(ERM) to increase ability and capacity to manage uncertain events and respond to risks in time
to create positive results for the Provincial Electricity Authority’s current and future missions.

In 2016, the Risk Management Committee of the Provincial Electricity Authority approved
of the following six organization-level risks managed by the Provincial Electricity Authority :
1. Provincial Electricity Authority inability to provide electricity services and distribution
services consistently.
2. Personnel readiness for future operations.

3. Asset management to achieve maximum effciency.
4. Information Technology Security (IT Security).
5. High overall loss.
6. Loss of the organization’s image and reputation.
In managing the six aforementioned risks, the Provincial Electricity Authority has set
measures to manage risks and achieved acceptable targets for the organization. The Risk

Management Committee of the Provincial Electricity Authority also emphasizes that every section
realize and place importance on risks, particularly tasks requiring safety (zero accidents) to
achieve success.
The Risk Management Committee, Provincial Electricity Authority, is highly confdent
of the fact that support and participation by every employee working in compliance with risk

management measures will help increase opportunities for success and reduce the impact of
obstacles and uncertainty on overall performance of the Provincial Electricity Authority. This will
help the Provincial Electricity Authority become a leading organization as “The Electricity Utility
of the Future”.

(Mr. Boonchai Sowanwanichakul)

Chairman, Risk Management Committee,
Provincial Electricity Authority

80 SMART PEA
Annual Report 2016 Provincial Electricity Authority