Ørsted Seeks Risk Management Services Provider

Ørsted is looking for a provider of a Software-as-a-Service solution to support a Risk management system which meets the requirements of the company’s wind power business unit.

According to Ørsted, the agreement must be able to allow the solution to be extended and implemented in all of its business units and shared service functions in the future should the company choose to do so.

The primary focus of the solution includes the ability to handle threats, issues and opportunities, to provide risk intelligence – detailed search and reporting, and full risk (ad hoc) audit capability at different levels. It should also provide integration with multiple program management tools, as well as import data already available in current risk management spreadsheets.

In addition, the program should be easily accessible to stakeholders and ensure that risks can be aggregated by asset, technology or other quantity for analysis.

The duration of the contract is five years with the possibility of a one-year renewal, which is applicable three times.

The deadline for submitting applications is 14 May 2018 at 12:00 local time.

Ørsted said the implementation of a professional risk management tool will enable the management of risks from concept to decommissioning, optimizing contingency forecasting across wind power and improving transparency towards internal and external stakeholders.

With the company operating in an increasingly competitive market, such a solution will play a differentiating role and will unlock potential savings, which can be realized by being more competitive and aggressive in bidding processes, Ørsted said.