The theory and practice of risk management has developed enormously in the past decade and it could give the impression that the profession is essentially quantitative. However risk management is not really a quantitative subject: in many ways it’s like medicine, it uses sophisticated tools but judgment is everything. Global Energy Advisory cross commodity experts can perform independent energy risk reviews on any business.   

Most risk models and managers concentrate on measuring and managing expected events, but they should put more emphasis on protecting their organizsations against the other type of events that could hit them. Risk management professionals and models perform relatively well 99% of the time. It is the extra 1% that can take a firm down, and that is where risk management can truly show its value. Risk identification, quantification and mitigation play a critical role in the risk management process. As think tank energy experts we have considered scenarions that challenge the conventional norm and are therefore best placed to consider alternative damaging consequences for any firm. 

In an ever increasing complex global market place it is the responsibility for the Board of any company to ensure that its’ risk management program is working properly. To do this companies require independent technical risk audits by qualified and seasoned professionals who can identify potential weaknesses. Such weaknesses may include deficiencies in risk measurement models or stress testing programs as well as problems in policy or delegation issues. The quality of the review is driven by the quality of the advisors.

Global Energy Advisory expert's posses on average 20 years experience in their relevant discipline and can perform independent risk reviews on any kind of firm.