Risk perspectives; from strategy to execution with Kevin Nordt and Paul Dietz
We discuss how utility risk management is a lot like dungeons and dragons: creatively managing risk by leveraging strengths to maximize the likelihood of beneficial outcomes when solving problems.
Kevin Nordt, Paul Dietz, Ahlmahz Negash, PhD, and Paul Dockery talk about managing market risk from utility risk managers perspectives. Including (1) putting uncertainty in perspective, (2) organizational and customer risk tolerance, (3) translating risk tolerance strategies for risk management, and (4) risk based thinking in the context of power supply. Plus the crew answers an insightful question from Ahlmahz and they discuss the set up of an energy inspired dungeons and dragons campaign.
You can find the podcast on Apple Podcast, Spotify, or wherever you get your podcasts. Share with friends that are electric utility enthusiasts, like us!
07:59 - Risks as friend or foe
15:18 - Risk tolerance
32:39 - Risk awareness
52:06 - Risk based thinking in the context of power supply
1:02:52 - Ahlmahz’s insightful question of the week
1:14:14 - Dams and Distribution; setting up an energy industry inspired Dungeons and Dragons campaign
Public Power Underground, for electric utility enthusiasts! Public Power Underground, it’s work to watch!