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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Dubai RTA wins CEM Global Leadership Award in Energy Management for 2024

GCC Business News 07 Dec 2024
Nada Jasim, Director of the Safety and Risk Regulation and Planning Department at RTA, said that, “Winning the Energy Management Insight Award is a testament to RTA’s unwavering commitment to sustainable development ... The implementation of ISO 50001 was the spark for RTA to realize the various benefits of the Energy Management System....
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Garden Walks with Judy: Pine cones make great holiday decorations

Iowa City Press-Citizen 06 Dec 2024
Sometimes that is after hanging on the tree for 10 years.Pine nuts are good for heart, skin, bones, eyes, diabetes management, energy, cuts cancer risk, and brain health.Pine cones can be used as mulch in the garden.To clean and debug, soak in a gallon of water with a cup of ......
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Jackson Mechanical Service Launches Free HELP ME – Winterize Program to Prepare Businesses for Winter

GetNews 05 Dec 2024
Jackson Mechanical Service (JMS) introduces the free HELP ME - Winterize program to help businesses prepare for winter by identifying potential risks in critical systems like HVAC, plumbing, electrical, and energy management ... This innovative approach removes uncertainty from risk management and keeps facilities operating smoothly throughout winter....
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Eating this sugary treat can lower your risk of diabetes — but the wrong kind ...

New York Post 05 Dec 2024
Research published this week in The BMJ suggests that consuming chocolate can lower the risk of developing Type 2 diabetes ... “We were most surprised by the stark contrast in the impact of dark and milk chocolate on diabetes risk and long-term weight management,” Liu told Healthline....
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Renewables First unveils its report on overcoming financial barriers to Pakistan's green energy future

Urdu Point 04 Dec 2024
De-Risking Clean Energy Investments – The Catalytic Role of Blended Finance.</p><p>The panel highlighted innovative risk management tools, capacity building, and transparent impact storytelling to attract concessional capital ... advocated energy trading platforms....
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Russia’s president Putin goes full-on pro-crypto, says no one can ban Bitcoin

Cryptopolitan 04 Dec 2024
Russia’s Vladimir Putin has made it official—Bitcoin is here to stay, and no one can ban it. at the Investment Forum in Moscow on December 4, Putin made it clear that he believes crypto is the future ... That growth came with a cost—huge energy demands. Putin flagged the risk of power shortages and slapped on tighter rules to manage the mining boom ... .......
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Full bond recovery within two years – Fin Min assures

B & FT Online 04 Dec 2024
The IMF has just given us thumbs up that our economic management is really good and strong’’, he said ... While the government has made significant strides, it faces lingering risks. These include election-related uncertainties, energy sector challenges and concerns over debt management, particularly Treasury bills....
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Rektron Group Inc. Announces Appointment of a New Director and Chairman

ACCESSWIRE 30 Nov 2024
Swapnil Mokashi is a seasoned business professional with a diverse skill set spanning finance, sales marketing, and management ... The Company focuses on maintaining an experienced team of management and traders, extensive geographical and product diversification, trading and logistical expertise, and financial and risk management....
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Qatar’s energy sector entering new era of sustainability and development: Experts

The Peninsula 29 Nov 2024
These measures include significant investment in the energy sector, particularly in clean energy technologies, energy efficiency, and the development of low-carbon solutions, supported by a strong emphasis on developing climate risk management solutions to safeguard energy infrastructure....
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Light exercise can reverse brain ageing: Study

The Times of India 29 Nov 2024
Light exercises offer a range of health benefits including reduced risk of cardiovascular disease, improved mood, better sleep quality, weight management, increased energy levels, and even a decreased risk of certain cancers, all while being accessible to people of varying ......
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Firm is fined £1.6m after 'happy-go-lucky' 24-year-old was crushed to death in 'wholly avoidable' crane ...

The Daily Mail 28 Nov 2024
HSE principal inspector Ross Carter said the incident, and Mr Phillips' death, could 'easily' have been prevented if his employer had properly managed the risks of the operation ... statutory duty to plan and manage the risks associated with lifting equipment and lifting operations....
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Rektron Reports Gross Profit of USD$30 Million for 2024, USD$2.5 Billion Revenue for Financial Year ...

ACCESSWIRE 27 Nov 2024
The Company focuses on maintaining an experienced team of management and traders, extensive geographical and product diversification, trading and logistical expertise, and financial and risk management. The team at the Group is composed of energy and metals traders, City of London and Wall Street bankers....
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Nifty, Sensex expected to see positive open

Business Line 27 Nov 2024
“Investors are encouraged to accumulate quality stocks during dips, especially within these lower support zones, while maintaining disciplined risk management strategies,” he added. Also read. NTPC Green Energy Share Price & IPO Listing Live. NTPC Green Energy IPO lists on NSE, BSE today ... .......

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