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.
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.
Tucuruí DamThe Tucuruí Dam (Tucuruí means "grasshopper's water", translated from Tupí language; Tucuruí) is a concrete gravity dam on the Tocantins River located on the Tucuruí County in the State of Pará, Brazil. The main purpose of the dam is hydroelectric power production and navigation. It is the first large-scale hydroelectric project in the Brazilian Amazon rainforest. The installed capacity of the 25-unit plant is . Phase I construction began in 1980 and ended in 1984 while Phase II began in 1998 and ended in 2010.
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".
