Business from technology

Managing techno-economic risks

Competence

VTT, together with our customers, develops techno-economic risk assessement tools for business continuity, seamless operation and profitable life cycles of systems, products and services. The methodologies also support proactive exploitation of opportunities, and implementation of asset and enterprise risk management.

Challenges

Operation in global networks, acquisitions, outsourcing and increased significance of services pose new challenges to companies and public organisations. In an uncertain economic situation, risk-consciousness in decision-making and careful consideration of the risks and opportunities, and the profitability of projects, investments and operational models, are emphasised. On the other hand, there is a growing trend e.g. for security-related business.

Solutions and Benefits

VTT works together with globally-acting machinery manufacturers and Finnish process industry in the field of service, asset and risk management development. Our objective is to ensure, as effectively as possible, the achievement of the strategic targets set for the operations by delivering adequate information on risks and opportunities. Examples from the application areas include:

• Asset management and investment planning
  
• Value-driven maintenance planning
  
• Life cycle service business development
  
• Technology due diligence
  
• Risk assessment (outsourcing, acquisition, changes)
  
• Business continuity planning
  
• Project and enterprise risk management
  
• Risk management strategy and planning
  
• Safety and security business development
  
• Innovation risk and opportunity management