RiskIn simple terms, risk is the possibility of something bad happening. Risk involves uncertainty about the effects/implications of an activity with respect to something that humans value (such as health, well-being, wealth, property or the environment), often focusing on negative, undesirable consequences. Many different definitions have been proposed. The international standard definition of risk for common understanding in different applications is "effect of uncertainty on objectives".
DamA dam is a barrier that stops or restricts the flow of surface water or underground streams. Reservoirs created by dams not only suppress floods but also provide water for activities such as irrigation, human consumption, industrial use, aquaculture, and navigability. Hydropower is often used in conjunction with dams to generate electricity. A dam can also be used to collect or store water which can be evenly distributed between locations.
Risk managementRisk management is the identification, evaluation, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities.
Dam failureA dam failure or dam burst is a catastrophic type of structural failure characterized by the sudden, rapid, and uncontrolled release of impounded water or the likelihood of such an uncontrolled release. Between the years 2000 and 2009 more than 200 notable dam failures happened worldwide. A dam is a barrier across flowing water that obstructs, that directs or slows down the flow, often creating a reservoir, lake or impoundments.
Embankment damAn embankment dam is a large artificial dam. It is typically created by the placement and compaction of a complex semi-plastic mound of various compositions of soil or rock. It has a semi-pervious waterproof natural covering for its surface and a dense, impervious core. This makes the dam impervious to surface or seepage erosion. Such a dam is composed of fragmented independent material particles. The friction and interaction of particles binds the particles together into a stable mass rather than by the use of a cementing substance.
Aswan DamThe Aswan Dam, or more specifically since the 1980s, the Aswan High Dam, is one of the world's largest embankment dams, which was built across the Nile in Aswan, Egypt, between 1960 and 1970. Its significance largely eclipsed the previous Aswan Low Dam initially completed in 1902 downstream. Based on the success of the Low Dam, then at its maximum utilization, construction of the High Dam became a key objective of the government following the Egyptian Revolution of 1952; with its ability to better control flooding, provide increased water storage for irrigation and generate hydroelectricity, the dam was seen as pivotal to Egypt's planned industrialization.
Swiss AlpsThe Alpine region of Switzerland, conventionally referred to as the Swiss Alps (Schweizer Alpen, Alpes suisses, Alpi svizzere, Alps svizras), represents a major natural feature of the country and is, along with the Swiss Plateau and the Swiss portion of the Jura Mountains, one of its three main physiographic regions. The Swiss Alps extend over both the Western Alps and the Eastern Alps, encompassing an area sometimes called Central Alps.
Vajont DamThe Vajont Dam or Vaiont Dam is a disused dam in northern Italy. It is one of the tallest dams in the world, with a height of . It is in the valley of the Vajont River under Monte Toc, in the municipality of Erto e Casso, north of Venice. The dam was conceived in the 1920s and eventually built between 1957 and 1960 by Società Adriatica di Elettricità, at the time the electricity supply and distribution monopoly in northeastern Italy. The engineer was Carlo Semenza (1893–1961).
Scenario planningScenario planning, scenario thinking, scenario analysis, scenario prediction and the scenario method all describe a strategic planning method that some organizations use to make flexible long-term plans. It is in large part an adaptation and generalization of classic methods used by military intelligence. In the most common application of the method, analysts generate simulation games for policy makers.
St. Francis DamThe St. Francis Dam was a concrete gravity dam located in San Francisquito Canyon in northern Los Angeles County, California that was built between 1924 and 1926 to serve the city of Los Angeles's growing water needs. It failed catastrophically in 1928 due to a defective soil foundation and design flaws, unleashing a flood that claimed the lives of at least 431 people.
Financial riskFinancial risk is any of various types of risk associated with financing, including financial transactions that include company loans in risk of default. Often it is understood to include only downside risk, meaning the potential for financial loss and uncertainty about its extent. A science has evolved around managing market and financial risk under the general title of modern portfolio theory initiated by Harry Markowitz in 1952 with his article, "Portfolio Selection".
Risk assessmentRisk assessment determines possible mishaps, their likelihood and consequences, and the tolerances for such events. The results of this process may be expressed in a quantitative or qualitative fashion. Risk assessment is an inherent part of a broader risk management strategy to help reduce any potential risk-related consequences. More precisely, risk assessment identifies and analyses potential (future) events that may negatively impact individuals, assets, and/or the environment (i.e. hazard analysis).
ValveA valve is a device or natural object that regulates, directs or controls the flow of a fluid (gases, liquids, fluidized solids, or slurries) by opening, closing, or partially obstructing various passageways. Valves are technically fittings, but are usually discussed as a separate category. In an open valve, fluid flows in a direction from higher pressure to lower pressure. The word is derived from the Latin valva, the moving part of a door, in turn from volvere, to turn, roll.
Buffer overflowIn programming and information security, a buffer overflow or buffer overrun is an anomaly whereby a program writes data to a buffer beyond the buffer's allocated memory, overwriting adjacent memory locations. Buffers are areas of memory set aside to hold data, often while moving it from one section of a program to another, or between programs. Buffer overflows can often be triggered by malformed inputs; if one assumes all inputs will be smaller than a certain size and the buffer is created to be that size, then an anomalous transaction that produces more data could cause it to write past the end of the buffer.
AlpsThe Alps (ælps) are the highest and most extensive mountain range that is entirely in Europe, stretching approximately across eight Alpine countries (from west to east): Monaco, France, Switzerland, Italy, Liechtenstein, Germany, Slovenia, and Austria. The Alpine arch extends from Nice on the western Mediterranean to Trieste on the Adriatic and Vienna at the beginning of the Pannonian Basin. The mountains were formed over tens of millions of years as the African and Eurasian tectonic plates collided.
IT riskInformation technology risk, IT risk, IT-related risk, or cyber risk is any risk relating to information technology. While information has long been appreciated as a valuable and important asset, the rise of the knowledge economy and the Digital Revolution has led to organizations becoming increasingly dependent on information, information processing and especially IT. Various events or incidents that compromise IT in some way can therefore cause adverse impacts on the organization's business processes or mission, ranging from inconsequential to catastrophic in scale.
Operation (mathematics)In mathematics, an operation is a function which takes zero or more input values (also called "operands" or "arguments") to a well-defined output value. The number of operands is the arity of the operation. The most commonly studied operations are binary operations (i.e., operations of arity 2), such as addition and multiplication, and unary operations (i.e., operations of arity 1), such as additive inverse and multiplicative inverse. An operation of arity zero, or nullary operation, is a constant.
Eastern AlpsEastern Alps is the name given to the eastern half of the Alps, usually defined as the area east of a line from Lake Constance and the Alpine Rhine valley up to the Splügen Pass at the Alpine divide and down the Liro River to Lake Como in the south. The peaks and mountain passes are lower than the Western Alps, while the range itself is broader and less arched.
Binary operationIn mathematics, a binary operation or dyadic operation is a rule for combining two elements (called operands) to produce another element. More formally, a binary operation is an operation of arity two. More specifically, an internal binary operation on a set is a binary operation whose two domains and the codomain are the same set. Examples include the familiar arithmetic operations of addition, subtraction, and multiplication. Other examples are readily found in different areas of mathematics, such as vector addition, matrix multiplication, and conjugation in groups.
Butterfly valveA butterfly valve is a valve that isolates or regulates the flow of a fluid. The closing mechanism is a disk that rotates. Operation is similar to that of a ball valve, which allows for quick shut off. Butterfly valves are generally favored because they cost less than other valve designs, and are lighter weight so they need less support. The disc is positioned in the center of the pipe. A rod passes through the disc to an actuator on the outside of the valve. Rotating the actuator turns the disc either parallel or perpendicular to the flow.
