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
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 …
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 …
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
Risk strategies: Avoidance and Acceptance
Risk management strategies Risk Avoidance and risk Acceptance are two opposite ways to manage risk. Click here to learn more..
What is risk management strategies?
Risk management strategies. This post explains the concept risk management, and introduces the five different strategies to mitigate risk..
Vulnerability Assessment
A step-by-step guide how to deal with vulnerabilities. This tool can be of value to your organization...
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
Relational coordination
When cooperating across sections there may arise a line of potential problems, mainly in regards to the communicative aspect. These problems arise as a result of the clashing of different expertise, authorities and cultural differences. In relation to this a professor within the field of management by the name of Jody H. Gittel has come …
Business Impact Analysis
Business Impact Analysis There will often be many active pieces within an organization. Some may be critical for the organization’s infrastructure, and others may be not as essential for the survival of the company. When conducting a business Impact Analysis (BIA) one needs to consider what is it, that brings actual value to the company. …
The risk manager
Over the last months we have on a weekly basis posted comprehensive articles covering tools and models which are useful for any risk manager to know of and be familiar with. In this article we will make a summary of these and dig into exactly what it means to be a risk manager. Introduction: What …
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