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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Schneider Electric announces global winners of second edition of its Sustainability Impact Awards

GetNews 21 Apr 2024
Schneider Electric, the leader in the digital transformation of energy management and automation, announced the global winners of the latest Schneider Electric Sustainability Impact Awards ... Implementing smart and sustainable water and energy management, the company has achieved a 20% carbon reduction since 2019....
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‘Regenerative economics to revolutionise urban development’

The News International 21 Apr 2024
Raworth opined that regenerative nature and technical resources management through eco-construction, circular construction, resilient infrastructure ... She said that it could be started from waste management, energy harvesting, preservation of heritage and disaster risk reduction....
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Portland General Electric declares dividend

The Daily Independent - Ridgecrest 20 Apr 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 ......
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Civic calendar | Amid budget deficit, supervisors to consider buying Eureka building for $800K

Times Standard 20 Apr 2024
Editor’s note ... • The council will meet in closed session for a performance evaluation of the city manager ... The agenda can be accessed online at http.//tinyurl.com/MMAC-Meetings Redwood Coast Energy Authority ... • The board will receive an energy risk management quarterly report ... • The board will discuss energy-resilient fire services in high-risk areas ... ....
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Seplat’s Dual Listings: 10-years of Economic Impact, Shareholders’ Value

This Day 19 Apr 2024
Its gas business is making an increasingly important financial contribution for Seplat Energy with gas prices de-risked from the volatility of the oil price ... Diversified Seplat Energy investor base, enhancing relationships with current and potential investors across the world, risk mitigation, and currency flexibility....
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Earth Day 2024: Innovation through smart tech solutions can pave the way to a more ...

Independent online (SA) 18 Apr 2024
Mark Allewell, founder and CEO at Sensor Networks, a company that develops intelligent Smart Home technology that is focused on risk management and energy efficiency in the home ... “For example, the evolution of smart technologies that enable efficient management of household appliances, such as geysers....
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ProSlim Keto+ACV Gummies Reviews – Disturbing Customer Side Effects or Safe Formula?

Maple Valley Reporter 18 Apr 2024
It aids in controlling cravings and managing weight by regulating blood sugar spikes, promoting a sense of fullness, and reducing the risk of energy crashes throughout the day ... It supports dental health by reducing the risk of cavities, while also promoting a sweet taste without ......
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Oil prices dip as fears of further escalation abate after Iran attack

The National 15 Apr 2024
"The banking and real estate sectors were strongly affected as investors gauged the risks involved while the energy sector could be exposed to the resulting volatility in oil prices," Joseph Dahrieh, managing principal at Tickmill, told The National ... Energy This Week. Expert analysis on oil & gas renewables and clean energy....
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Stocks to buy: SBI Card, CDSL, Jindal Saw among 8 stocks that can rise 5-31% in next 3-4 weeks, say analysts

Live Mint 15 Apr 2024
To manage risk, a stop loss order should be placed near ₹3,075 to limit potential losses in case the trade doesn't perform as expected,' said Patel.Also Read ... It's recommended to set a stop loss near ₹585 on a daily closing basis to manage risk,' Patel said.Also Read ... A strict stop loss should be kept at the ₹1,115 mark to manage risk well.IRCTC ....
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Biden rule hikes fees for oil projects on public lands

Phys Dot Org 13 Apr 2024
The bonding requirements for development increased to $150,000 from $10,000, a level set in 1960 that no longer covers potential cleanup costs, the Bureau of Land Management (BLM) said in a press release ... "Overly burdensome land management regulations will put this critical energy supply at risk," Hopkins added....
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Oil and gas companies must pay more to drill on federal lands under new Biden administration rule

Moosejaw Today 12 Apr 2024
The rule also will increase the minimum leasing bond paid by energy companies to $150,000, compared with the previous $10,000 established more than 60 years ago ... “Overly burdensome land management regulations will put this critical energy supply at risk.” ... The bureau manages more than 245 million acres of public lands, mainly in the West....
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Oil and Gas Companies Must Pay More to Drill on Federal Lands Under New Biden ...

Flathead Beacon 12 Apr 2024
The rule also will increase the minimum leasing bond paid by energy companies to $150,000, compared with the previous $10,000 established more than 60 years ago ... “Overly burdensome land management regulations will put this critical energy supply at risk.” ... The bureau manages more than 245 million acres of public lands, mainly in the West....
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US finalizes big reforms to federal oil and gas drilling

Natural Gas World 12 Apr 2024
... supportive of the organisational vision to become a leader in the global energy business ... "Overly burdensome land management regulations will put this critical energy supply at risk," American Petroleum Institute Vice President of Upstream Policy Holly Hopkins said in a statement....
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