Risk Mitigation through Negotiation and Project Management: Challenges and Opportunities in Utility-Scale Solar Power

The concept of risk is nebulous by nature, and may trigger fear or adrenaline in our minds. The nature and number of risks in any given situation is infinite, because risk by definition is the unknown.

In the broad economic sense, risk drives markets: the more uncertain the outcome, the more volatile the market. In the more narrow and specific sense, however, we must not view risk as inherently negative. Instead, we must recognize the opportunity for identification and allocation of risk that is the essence of profitability. How well a company identifies, allocates, and manages risk may determine the result of any given project as well as any number of measurements of successful (or unsuccessful) returns.

The full article, "Risk Mitigation through Negotiation and Project Management: Challenges and Opportunities in Utility-Scale Solar Power," was first presented at the Power-Gen Middle East Conference in 2014.