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



The Buffalo News 25 Feb 2024
Wendel, an architecture, engineering, energy efficiency and construction management firm, appointed Sheila Ransbottom associate principal ... Wendel, an architecture, engineering, energy efficiency and construction management firm, named Chris Colvin, senior associate principal....

Ameren Announces 2023 Results and Issues Guidance for 2024 Earnings and Long-Term Growth

The Joplin Globe 23 Feb 2024
The following factors, in addition to those discussed under Risk Factors in Ameren's Annual Report on Form 10-K for the year ended December 31, 2022 and elsewhere in this release and in our other filings with the Securities and Exchange Commission, could cause actual results to ......

Leading Attorney Jason Adams Joins Cox, Castle & Nicholson as Partner

The Eagle-Tribune 22 Feb 2024
... commercial lending and institutional investment; loan workouts and financial restructuring; construction; resort and hospitality; labor and employment; risk management and insurance; environmental compliance; renewable energy and natural resources; and tax and estate planning....

7 healthy reasons to add brown rice to the diet

The Times of India 22 Feb 2024
... long-lasting energy, and may reduce cancer risk....

ICE Reports Record Open Interest of Over 90 Million Contracts Across Total Futures and Options Markets

The Eagle-Tribune 20 Feb 2024
“Every day we are seeing our diverse customer base utilize the depth and breadth of ICE’s global energy benchmarks and the critical price signals they provide to manage changes in energy flows around the world,” said Trabue Bland, SVP, Futures Markets, ICE ... PROFESSIONAL SERVICES OIL/GAS ENERGY FINANCE ASSET MANAGEMENT FINTECH BANKING....

IREDA, PNB collaborate to enhance financing for renewable energy projects in India

Live Mint 19 Feb 2024
Sharma, General Manager of IREDA, and Rajeeva, Chief General Manager of PNB, signed the MoU in the presence of Pradip Kumar Das, Chairman & Managing Director of IREDA, Atul Kumar Goel, MD & CEO of PNB, Bijay Kumar Mohanty, Director (Finance) of IREDA, along with senior ......

Citizens Advice says Sizewell C costs should not be paid with energy bill hikes

The Observer 19 Feb 2024
In a response to the consultation on the licence update, Citizens Advice chief energy economist Richard Hall said ... Consumers need to be protected from those risks. They have no way to manage them, and are reliant on the [energy] department to take steps to ensure that they are not on the hook for cost or time overruns.”....

Survey highlights fire-detection, suppression issues in battery storage systems

PV Magazine 16 Feb 2024
A new Clean Energy Associates (CEA) survey shows that 26% of battery storage systems have fire-detection and fire-suppression issues, while about 18% face challenges with thermal management systems ... The findings indicate that thermal runaway still poses a significant risk to the energy storage industry....

Portland General Electric announces 2023 financial results and initiates 2024 earnings guidance

The Roseburg News-Review 16 Feb 2024
the timing or outcome of various legal and regulatory actions; changing customer expectations and choices that may reduce demand for electricity; the sale of excess energy during periods of low demand or low wholesale market prices; operational risks relating to the Company's ......

Pacific Power seeks another double-digit rate increase for Oregon residents, businesses

The Register Guard 16 Feb 2024
Pacific Power said it is asking for the 16.9% increase to make transmission infrastructure improvements, invest in renewable energy and for wildfire risk management ... catastrophic fire fund, which would create a mechanism to manage risks associated with increased wildfire activity....

enCore Energy Appoints Chief Financial Officer

Victoria Advocate 15 Feb 2024
Wilson joins enCore at a time of continuing growth and her significant expertise in integrating companies and managing risk is a valuable addition to our strong organization ... Wilson played a pivotal role in leading the company through the energy transition, managing an array of functions including finance, treasury and risk management....

Iris Energy Reports Second Quarter and Half Year FY24 Results

Enid News & Eagle 15 Feb 2024
Bitcoin price and foreign currency exchange rate fluctuations; Iris Energy’s ability to obtain additional capital on commercially reasonable terms and in a timely manner to meet our capital needs and facilitate its expansion plans; the terms of any future financing or any ......