Evaluating Risk Management Practices in Hæhre Entreprenør AS: Enhancing risk management by providing points of improvement.

Abstract

In 2022, Hæhre Entreprenør AS implemented a new management system. It is through this system that Hæhre manages their risks and ensures a standard methodology for risk management throughout the company. Therefore, it is essential that the risk management processes described in Landax are working optimally. The goal of this master's thesis is to determine whether Hæhre's risk management aligns with current risk science and identify areas for improvement. To achieve this, a qualitative study was conducted, analysing a total of 100 documented risks and reviewing Hæhre's holistic risk management document, as well as other relevant materials. The main findings of the study revealed that Hæhre often lacks important aspects in terms of the risk literature in various areas of the risk analysis process and other aspects of their risk management. After discussing the areas where Hæhre can enhance their risk management processes, 10 points for improvement were identified.