Energy Industry and Risk Management

Risk management is one of the basic tools for preventing undesirable events and is an effective and supportive tool in the quality management process. However, its disadvantage is the need to understand and be aware of the context in identifying threats, knowledge of methods and procedures for analysis and risk assessment, and, last but not least, to support and secure resources to achieve defined quality objectives. There am a number of legislative regulations supporting and requiring - in a documented form - the estimation of the risks in different industrial activities and at different levels of management of business activities. For the sake of the company's long-term prosperity, the energy industry requires both external and internal aspects of threats to its stability, seeking alternative options for using new resources, and also to manage its day-to-day operations reliably, safely and effectively in order to maintain quality. Risk assessment, as a part of the day-to-day management and decision-making process, enables new solutions to develop and improve practices to achieve long-term goals of the company and the satisfaction of employees, customers and the public.