NERC’s Reliability Risk Management group carries out the ERO’s statutory responsibility to perform assessments (including real‐time or near‐real‐time assessments) of the reliability and adequacy of the bulk power system and, by identifying potential issues of concern relating to system, equipment, entity and human performance that may indicate the possible need to develop new or modified reliability standards. The Reliability Risk Management group includes three primary functions and two departments. The three primary functions include: (1) bulk power system awareness; (2) event analysis ; and (3) assessment of human performance challenges affecting bulk power system reliability and identification of improvement opportunities. The functions and resources of this group are directly focused on proactive awareness of BPS system conditions and all BPE events over a threshold of impact, analyzing events and addressing the most significant risks to BPS reliability and ensuring that industry is well informed of system events, emerging trends, risk analysis, lessons learned and expected actions. These functions may also identify areas in which new or enhanced compliance monitoring and enforcement initiatives, pursuant to the ERO’s statutory responsibility to monitor, enforce and achieve compliance with mandatory reliability standards, are warranted.