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When extreme wind gusts from the Tapani storm hit the western shore of Finland in December 2011, the resulting cascade of critical infrastructure failures throughout the country was alarming. Sixty thousand faults in the electricity grid disconnected 570,000 customers—one of every six households nationally—with consequences to the heating systems, hospitals and water distribution and wastewater treatment and an interruption of unpowered telecommunication services.
[ Blog ]
What is an emerging risk exactly? At present no standard definition of the term exists and, unhelpfully, the FRC has not provided one of their own to make matters clearer.
[ Blog ]
Deep uncertainty acknowledges a dynamic system where inputs — such as rainfall or economic growth or regulations — are changing or unknown. Deep uncertainty methods are not yet widespread among water utilities, but the ideas are gaining ground. Scenario planning allows utilities to ask questions that, in the past, would have been viewed as unusual.
[ Article / Blog ]