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
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 …
HAZOP – Hazard and Operability Study
IntroductionAs we face hazards with the potential to harm and damage ourselves, our organisation and our environment, it is crucial to be able to manage these hazards. Hazard identification is one way to manage the hazards we are facing. Being able to identify the hazards in our daily life, will help us to manage them …
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 …
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 Assessment, step 3
Step 3 This step is a helpful tool while considering how to reduce risks. You do this best by developing security strategies..
Risk assessment, step 2
Step 2 This step helps clarify how severe (or not) the risk is, and how much priority it must be given....
Risk Assessment, step 1
How to work with the risk. Before you deal with the risk, you need to identify what hazards exist in your workplace, and how likely they are to become a risk....
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
Risk Strategy. Safety Risk Management
This article describes how safety risk management is a key component of any safety management system and involves identifying safety hazards to your operations and assessing the risks of mitigation. To successfully identify hazards you should think laterally and be unencumbered by past ideas and experience Introduction The term “safe” Those involved in disaster management …
The Perception of Risk
Introduction Paul Slovic is an American professor of psychology at the university of Oregon. Slovic mainly studies human judgement, decision making and risk perception. He has released a large amount of research papers on the before-mentioned subjects and is considered one of the leading theorists within the risk perception field. One of Paul Slovic's most …
Risk Management Decision
Risk strategy. Risk management decision-making This article describes how problems have been identified in processes, which are not always perfect, and how there is often anomaly and unreasonableness in deciding what is passable, what treatment options could be dominant in the three areas where problems can be identified. introduction Decision-making processes in risk management are …
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