Risk In Complex Operations

Risk Management Tools

Simplifying risk management

Providing risk management tools for better and simpler risk management.

Risk Education

Teaching through examples

We post examples of projects with

different risk scenarios and analyse what went wrong.

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Fault Tree Analysis (FTA)

Introduction The fault tree analysis, also known as FTA, is a model used to understand how systems or processes fail. Furthermore, it helps with identifying the best way to reduce risk and to determine the probability of an event occurring. The FTA shares many of the same aspects as the BowTie Analysis (BTA). The model …

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Sendai Framework

This article describes the disasters page, how The Sendai Framework on Disaster Risk Reduction reduces disaster risks in people's economic, physical, social, cultural and environmental assets, community economics and business. Introduction A project manager encounters problems, without notice. No matter what you plan, those questions will occur. Therefore, Sendai Framework methods are an important tool to use, …

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Have you considered black swans in your planning?

What are black swans? Every project will run into problems and unexpected risks. No matter how much you plan, these issues will arrive. They often come in different sizing from minor to devastating. Often the minor problems can be solved by carefully laid out contingency plans and great planning. However greater risks and problems can become …

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risk management

It does not have to be time consuming, complicated and expensive. But unfortunately it is most of the time… Especially in complex projects!

That is why we use risk management tools!

In risk management there is a number of tools, or methods, one can use to identify, rate and mitigate risk. These methods are a combination of simple and inexpensive ones, such as a brainstorming exercise. To the more complicated, expensive and time consuming ones, such as organisational risk governance and organisational risk communication.

The latest about risk management tools

Capacity assessment

Does your organisation have the capacity to handle unforeseen risk or even disasters? Are you preventive or reactive when it comes to risk management? Read more to find out...

The wonderful risk matrix

The risk matrix is the crème de la crème of risk management and specifically, rating risk(s). This tool is useful for all types of cases whether travel safety, chemical safety or something entirely different.

Scenario risk analysis

A scenario risk analysis is almost just a brainstorm on steroid... But it has some advantages. It focuses on ONE scenario with however many details you want in that scenario.

Educational Examples

With educational examples, our goal is to present the reader with situations or projects where a risk became an incident. By analysing what went wrong and what should have been done, we can hopefully provide valuable knowledge to the reader.

What went wrong

In these educational examples we present a case where a specific project or part of the projects have gone wrong. We try to examine where the “point-of-no-return” is (i.e., where the risk became an incident).

What should have been done

Then, when we know where the project went wrong, we will go back in time before the “point-of-no-return” and see what could have been done differently to avoid the risk becoming an incident.

What can we learn

By doing so, we can provide valuable knowledge and “experience” to, hopefully, get your critical thinking going, so you can avoid the same incidents in your projects!