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
What Are the Different Goals of Risk Mitigation?
There is risk in every stage of a wind farm project, and these risks can lead to both minor and dire consequences. The outcome of not identifying risks and not implementing proper mitigation, can lead to greater hazards for workers, financial consequences and significant impacts on the project timeline. Investing resources in mitigation would be …
Continue reading "What Are the Different Goals of Risk Mitigation? "
Scenario Analysis
Scenario analysis is a strategic planning method used to make flexible long-term plans. It is particularly valuable for managing uncertainty and risk by exploring and evaluating possible future events or conditions. What is Scenario Analysis? Scenario analysis is about developing and analyzing different possible scenarios that describe potential future events. Each scenario represents a set …
Risk Breakdown Structure (RBS)
In project management it is important to identify and manage risks effectively for a successful delivery of the project. A tool for this is the risk breakdown structure, also called RBS. Risk breakdown structure is a hierarchical representation of risks by their categories and subcategories. It organizes potential project risks into a more structural form, …
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
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 …
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 …
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
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 …
Swiss Cheese Model🧀
In recent years, the study of safety and risk assessments has become more important and is used in different fields of risk management. A model used to assess risk is the Swiss Cheese Model by James Reason. The model can be used to understand how negative outcomes occur and how to prevent them. It was originally developed …
Ishikawa diagram
Introduction The Ishikawa Diagram, also known as the Fishbone diagram, is a tool used to visually explore and identify possible root causes of a specific event. The Diagram resembles a fish skeleton, with the head being the event in question and potential causes represented as the fishbones protruding from the spine. Why use the Ishikawa …
GET IN TOUCH
Feel free to contact us
for more information
+45 28 60 49 50
contact@rocconsult.eu
JOIN OUR NEWSLETTER
Our core business is rehearsing
excellence in your project
RoC Drill is used by:
RoC Consult ApS - All rights reserved.