Risk management

Risk management is the identification, assessment, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities. Risk management’s objective is to assure uncertainty does not deflect the endeavor from the business goals.

Risks can come from various sources: e.g., uncertainty in financial markets, threats from project failures (at any phase in design, development, production, or sustainment life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters as well as deliberate attack from an adversary, or events of uncertain or unpredictable root-cause. There are two types of events i.e. negative events can be classified as risks while positive events are classified as opportunities. Several risk management standards have been developed including the Project Management Institute, the National Institute of Standards and Technology, actuarial societies, and ISO standards. Methods, definitions and goals vary widely according to whether the risk management method is in the context of project management, security, engineering, industrial processes, financial portfolios, actuarial assessments, or public health and safety.

Latest News for: Energy risk manager

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Rektron Announces Appointment of a New Director and Corporate Updates

ACCESSWIRE 20 Nov 2024
Bhasin held pivotal roles at Ekam Advisors, where he was a Director and Partner, managing foreign risk and providing advisory services, and at Citibank India, where he served as a Director ... quantitative finance, risk management, portfolio management, and equity capital markets....
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Rektron Group Inc. Announces Appointment of a New Director and Provides Corporate Updates

ACCESSWIRE 20 Nov 2024
Bhasin held pivotal roles at Ekam Advisors, where he was a Director and Partner, managing foreign risk and providing advisory services, and at Citibank India, where he served as a Director ... quantitative finance, risk management, portfolio management, and equity capital markets....
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Navigating The 'New Normal' Of Energy

Forbes 18 Nov 2024
The current energy transition presents business leaders with both risks to manage and significant opportunities for differentiation ... ....
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Natural gas set to see 34% increase in global demand by 2050: GECF secretary-general

Gulf-Times 17 Nov 2024
... unilateral economic restrictions, trade distortive measures, and politically driven interventions in price discovery and risk management functions of markets.While natural gas is already a cleaner energy, technological advancements are further reducing its environmental impact....
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Polyworking explained: The challenges and benefits of managing multiple full-time jobs

Gulf News 16 Nov 2024
When you constantly switch between roles, you require a certain level of adaptability and mental energy, which can lead to fatigue, if not managed effectively. Pheiffer explains a few measures that can curb the risk of burnout, “They should be able set clear boundaries, establish ......
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Ava Jane’s Caramelized Cacao Beans: A Chocolate Lover’s Dream with Added Health Benefits

Belleview Reporter 15 Nov 2024
Moreover, the cacao beans offer an energy boost, making them an ideal snack for those who need a pick-me-up during the day ... This contributes to a lower risk of heart disease and stroke ... This is particularly beneficial for those who are at risk of metabolic syndrome or who are already managing diabetes....
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DNV: Maritime industry ready to embrace cyber risk for innovation

SAFETY4SEA 13 Nov 2024
According to the Maritime Cyber Priority 2024/2025 report, the sector’s appetite to take on emerging risks arising from digital transformation is notably higher than other critical infrastructure industries including energy, manufacturing and healthcare ... Maritime professionals are confident the industry is managing the risk....
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IFS releases next-gen, AI-driven product enhancements to help oil & gas organisations

Tahawultech 13 Nov 2024
Dale McMullin, Chief Technology Officer at IFS Energy & Resources ... With IFS, oil and gas customers can comfortably supplement and extend their existing enterprise with IFS Cloud, IFS Ultimo, and now IFS Copperleaf for Asset Investment Planning (AIP) to unlock unique capabilities to optimise costs, manage risk, and achieve revenue assurance....
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Ajay Banga

Time Magazine 12 Nov 2024
His gender strategy links gender inequality with growing weather extremes; simply put, more fragile societies lead to increased risk of gender violence ... The owners and managers of trillions of dollars in capital have said they want to invest in the energy transition, but a flurry of risks have held them back....
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Enterprise risk management – a strategic tool for sustainability and profitability

B & FT Online 11 Nov 2024
From economic volatility to regulatory shifts, climate concerns, and technological disruptions, these risks make it essential for businesses to adopt a comprehensive approach to manage uncertainties ... In the energy sector, companies use ERM to manage regulatory risks and commodity price volatility, leading to stable revenue....
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How right nutrition is important for women post 40

The Times of India 10 Nov 2024
It helps in maintaining energy levels, managing weight, and reducing the risk of chronic diseases ... As women age, muscle loss and reduced physical activity are most common, making it difficult for them to manage weight.Increased Risk of Chronic Conditions ... Managing sugar and salt intake is crucial for hormonal balance....
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The City of Tacoma is hiring for various departments. Here are 5 jobs that pay ...

Yahoo Daily News 09 Nov 2024
... training to public art project manager position and interns ... ▪ Real-Time Energy Trader ... The person in this position is tasked with marketing, negotiating and executing trades of power in conformance with the department’s trading guidelines and Energy Risk Management policies....
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Celebrating Excellence: African Energy Week (AEW) 2024 Honors Pioneers in Africa's Energy Sector

Business Ghana 08 Nov 2024
The African Energy Week (AEW) ... For over a decade, Martin has been a strong advocate for increased upstream investment in Africa’s energy frontiers, identifying advanced seismic surveys and data generation as key tools for minimizing project risks and uncovering future resources ... Meg O’Neill, CEO and Managing Director, Woodside Energy....

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