Energy Risk Scorecard

From Open Risk Manual
Revision as of 15:31, 11 March 2024 by Wiki admin (talk | contribs) (Created page with "== Definition == An '''Energy Risk Scorecard''' is a quantification tool that assesses a number of relevant metrics associated with Energy Risk, assigns each attribute a s...")
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)

Definition

An Energy Risk Scorecard is a quantification tool that assesses a number of relevant metrics associated with Energy Risk, assigns each attribute a score and a weight and produces an overall score.

Enery risk scores can be used to understand areas to improve in order to strengthen the Energy Risk Profile of an entity.

One can also assess the energy risks that dependencies on the Energy System introduce, and make informed decisions about accepting these energy risks, and evaluating Energy Risk Mitigation options.

References