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
Residual Risk
Can we eliminate every risk in a work process and still finish the process? Maybe if your name is Clark Kent. But for us mere mortals, accepting some risk may be the only way to move the society forward. This means that accepting and acknowledging a certain level of risk is an integral part of …
The Hierarchy of Controls
When working with any type of hazard, it is important to know, how effective your preventive and mitigative measures are. This can be done in a lot of ways – one of those being a ranking based on a classification of those barriers. This article will explain the Hierarchy of Controls, and how to use …
Simple Investigation Method Analysis
The Simple Investigation Method Analysis or abbreviated SIM Analysis, is primarily used as a reactive tool, applied to investigate the cause of an incident. The SIM Analysis model can be seen as a risk-orientated evolvement of the five why technique, which is used in a variety of contexts. In addition to the classic investigative purpose …
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
Simple Investigation Method Analysis
The Simple Investigation Method Analysis or abbreviated SIM Analysis, is primarily used as a reactive tool, applied to investigate the cause of an incident. The SIM Analysis model can be seen as a risk-orientated evolvement of the five why technique, which is used in a variety of contexts. In addition to the classic investigative purpose …
The Risk Management Cycle
Introduction: The risk management cycle is a model organizations and project managers use and is fundamental to their risk management framework. This cycle includes the steps taken to reduce risk and can be modified according to the needs of the organization or project. The risk management cycle featured in this article will focus on four …
The Risk Management Checklist: One of Many Tools
Introduction: Every day, whether as an individual or a large organization, people are forced to deal with risks. Risks come in many different forms, but the solution to managing those risks may vary depending on the situation. Fortunately, there are tools that risk managers at all levels can use to help them simplify their processes, …
Continue reading "The Risk Management Checklist: One of Many Tools"
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
HAZID – Hazard Identification
IntroductionHazards are to be found everywhere. They have the potential to affect our organisations in many negative ways, and therefore we should ensure that we can manage them in the best way possible. To be able to do so, it is crucial to be able to identify which hazards our organisation is facing. Many approaches …
What Can Go Wrong Will Go Wrong
Managing a large-scale construction project is no small task. There are many moving parts, stakeholders with which to communicate, supplies to order, funding to obtain, permits to acquire, and safety to consider. With this understanding, it may not be a surprise to hear that time delays are quite common within construction projects. However, recent reports …
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