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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SecurityScorecard Threat Intelligence Reveals 90% of Energy Companies Experienced a Third-Party Breach

The Joplin Globe 06 Dec 2023
The research highlights how the energy industry faces a significant threat from third-party risks, where attackers target an organization's vendor ecosystem. Using AI-powered data breach intelligence and elite threat researchers, SecurityScorecard actively identifies, measures, and manages risk of emerging threats across the supply chain....
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The real reason why SMR technology will flop

The Manila Times 06 Dec 2023
... with an extreme degree of risk management, to minimize the impact of inevitable failures ... The point here is not that nuclear weapons and nuclear energy necessarily have to be connected but because it is the fundamental basis for the risk management perspective described above....
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Iris Energy Announces Monthly Investor Update for November 2023

The Eagle-Tribune 06 Dec 2023
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 ......
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NV Energy may cut south Carson-Genoa power Wednesday

Nevada Appeal 06 Dec 2023
NV Energy announced a public ... During a proactive outage – also known as a Public Safety Outage Management (PSOM) event – NV Energy will proactively de-energize power for customers in high-risk zones to help protect the community and environment from wildfires, the release said....
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UPDATE: Outage set for north Genoa customers, NV Energy says

Nevada Appeal 06 Dec 2023
NV Energy announced a public ... During a proactive outage – also known as a Public Safety Outage Management (PSOM) event – NV Energy will proactively de-energize power for customers in high-risk zones to help protect the community and environment from wildfires, the release said....
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FAB & ENGIE sign MoU to advance decarbonization solutions

GCC Business News 06 Dec 2023
The areas of cooperation within the MoU include derivatives or financing solutions related to energy, carbon, renewables, battery energy storage systems, and green products, and credit risk management in relevant derivative transactions and payment facilities....
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Tinubu Back in Abuja from COP28 Summit in Dubai

This Day 06 Dec 2023
On Saturday, he joined a panel on African Green Industrialisation, which was organised by the CoP28 presidency and the President of the UAE, Sheikh Mohamed bin Zayed Al Nahyan, telling global leaders that risk management is vital for Africa’s full and swift transition to cleaner energy....
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2023 is officially the hottest year ever recorded, scientists say

Sandhills Express 06 Dec 2023
Reaching net zero as soon as possible is an effective way to manage our climate risks.”. Moving from the burning of oil and coal to sources like wind and solar energy is an essential step to cutting emissions, scientists say ... The National Renewable Energy Laboratory, which is a part of the U.S....
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Arsenal's slew of late winners highlights resilience and boosts belief in Premier League title bid

Victoria Advocate 06 Dec 2023
They say little should be read into the Community Shield, the traditional curtain-raiser to the English soccer season. Maybe this year is an exception ... Well, maybe they are right ... “We don’t want a draw, we want to win,” Arsenal manager Mikel Arteta said. “That drive, that energy, that risk and emotion that we put in the pitch, you can sense it.” ... .......
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Arsenal’s slew of late winners highlights resilience and boosts belief in Premier League title bid

Wtop 06 Dec 2023
Maybe this year is an exception ... Well, maybe they are right ... “We don’t want a draw, we want to win,” Arsenal manager Mikel Arteta said. “That drive, that energy, that risk and emotion that we put in the pitch, you can sense it.” ... In this respect, Arteta seems to be using the playbook of City manager Pep Guardiola from last season ... ___. AP soccer ... Source ....
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Youth-led African enterprises awarded $800,000 at Conference of the Parties (COP28) for climate ...

Business Ghana 06 Dec 2023
Each business will receive grant funding of up to $100,000 ... Adesina said ... agriculture, energy efficiency, disaster risk management, water resources, and biodiversity conservation ... Through the EaseOn Track app, Chapi Core Tech has empowered over 5,000 women farmers, facilitating clean energy adoption and enhancing agricultural output ... ....
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ECCT, Taipower release report on net zero power

Taipei Times 05 Dec 2023
The report highlights innovative renewable energy and circular economy ... The report also addresses topics such as hydrogen, electric vehicles, energy storage, power grid upgrades and risk management, solar power, wind turbine blade recycling and floating offshore wind energy....
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Empirical approach shows PV is getting cheaper than all the forecasters expect

PV Magazine 05 Dec 2023
With the consistently unambitious forecasts for solar trotted out by entities such as the International Energy Agency (IEA) now a matter of record, a German risk management company has tried to predict more realistic figures for 2030 and beyond ... DR Dahlmeier Financial Risk Management AG....

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