Risks and risk management
The risks related to Hansel’s operations are analysed in connection with annual strategy updates. Every few years, in addition to normal risk assessment, Hansel conducts a more comprehensive risk analysis, in co-operation with risk management experts. In general, the key risks faced by Hansel are related to contracting activities – the tendering process in particular.
The most recent risk assessment was completed in February 2013. As a result, 27 risks were identified and assessed, with respect to the probability and magnitude of their consequences, should the risks be realised. On the basis of this information, risks were placed in a so-called risk matrix. For each risk the causes and consequences were discussed, as well as actions to reduce the risks. Risks include changes in legislation and legal practices, major damages or refunds, and risks associated with the availability of workforce or coping at work.