Dr David Hillson has a worldwide reputation as a leading thinker and expert practitioner in risk management, specialising in strategic and tactical risk, with a particular interest in opportunities and risk psychology. Better known worldwide as the Risk Doctor, Hillson is an expert risk consultant, author and popular speaker. He is also a Fellow of the Project Management Institute (PMI).
Most people’s first reaction to the idea that a risk can have 100% probability is to disagree. After all ‘uncertainty’ is a key part of the definition of risk, and 100% probability means ‘certain’. Risk Doctor David Hillson argues otherwise.
The term ‘box-ticking’ is always used in this negative way, as a bad thing to be avoided. But perhaps ticking boxes could be useful if we do it differently for risk, suggests Risk Doctor David Hillson.
A risk manager manages risk, of course. But this is both wrong and unhelpful. Everyone should take responsibility for managing their own risks. But does this mean we should kill the risk manager? asks Risk Doctor David Hillson.
Your Risk Register lists all the risks you’ve identified but Risk Doctor David Hillson believes you need a different concept to describe the overall risk exposure of a project, which is different from the individual risks that need to be managed.
Monte Carlo simulation is the most common way to analyse risk using numbers. But many people view quantitative risk analysis as too difficult. Risk Doctor David Hillson offers seven steps to help you gain valuable insights from this powerful technique.
Risk is a double-sided concept, Risk Doctor David Hillson reminds us. We use the word ‘opportunity’ to describe an upside risk with positive impacts, and ‘threat’ for downside risks with negative consequences.