Difference between revisions of "Energy Risk Measurement"
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Revision as of 14:05, 11 March 2024
Definition
Energy Risk Measurement (also Energy Risk Quantification) is any activity aiming to quantify (produce numerical measures) for the Energy Risk faced by an organization. The risk types in scope for measurement are normally thought to have been isolated in the Energy Risk Identification process that logically precedes Risk Measurement.
Measurement aims to produce a rational, optimized approach towards Energy Risk Mitigation.
Measurement Approaches
Depending on the energy risk sub-type being measured, there is a variety of quantification methodologies and tools.
Issues and Challenges
- Non-Quantifiable Energy Risk. Some risk events might be by nature too difficult to quantify in a reliable manner.
See Also
References