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.
Read the latest RICO post
Event Tree Analysis
ETA, also known as event tree analysis, is a systematic method used when trying to analyze accidents. This is done by breaking them down into a series of events. When doing ETA, you must start with an event called a “initiating event”. These will often refer to equipment failure, human error etc. From this initiating …
ALARP
Eliminating every single risk in a complex operation is impossible, in fact even in simple projects you can never predict or eliminate all risks. This means that you must accept a certain level of risk. Determining whether a risk is acceptable or not can be difficult though. A lot of factors can affect perception of …
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
ALARP
Eliminating every single risk in a complex operation is impossible, in fact even in simple projects you can never predict or eliminate all risks. This means that you must accept a certain level of risk. Determining whether a risk is acceptable or not can be difficult though. A lot of factors can affect perception of …
The 5 Why Method
Introduction: This investigative method aims to uncover the complex relationship between cause and effect, revealing underlying issues. By asking 'why' repeatedly, it peels away layers of complexity until the root cause is exposed. Typically, five rounds of questioning are enough to lessen human errors like bias and assumptions, recognizing that problems don't always follow a …
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!
The latest about our risk education content
Event Tree Analysis
ETA, also known as event tree analysis, is a systematic method used when trying to analyze accidents. This is done by breaking them down into a series of events. When doing ETA, you must start with an event called a “initiating event”. These will often refer to equipment failure, human error etc. From this initiating …
ALARP
Eliminating every single risk in a complex operation is impossible, in fact even in simple projects you can never predict or eliminate all risks. This means that you must accept a certain level of risk. Determining whether a risk is acceptable or not can be difficult though. A lot of factors can affect perception of …
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