Many of the pieces are now in place to support widespread adoption of inclusive risk management that addresses both threats and...
The secret of risk-based decision-making
The idea of 'risk-based decision-making' is becoming increasingly popular, and decision-makers at all levels are keen to ensure that their...
Providing risk infrastructure to support opportunity management
Failure to provide an appropriate level of risk infrastructure can cripple risk management in an organisation. Too little support makes it...
Assurance for high risk projects
Why do so many governing bodies allow their organisations to embark on high risk projects without insisting on a robust, independent...
4 strategies to manage project ‘unknowns’
In recent years, the concept of 'unknowns' has become quite common in project risk management. It is based on the assumption that that...
Can a risk have 100% probability?
One of the first things I learned about risk was that every risk has both a probability less than 100%, as well as an impact on at least...
6 tips to improve incident management
No one wants to be faced with an incident to resolve. Of course we do our best to prevent incidents from occurring, but that can’t be our...
Checking the risk process
In some businesses and projects, risk management is described as an exercise in ‘ticking boxes’. This phrase means that people just follow...
Are your project decisions based on statistical uncertainty?
Statistics drive decisions in every walk of life, including project management. One of the applications of statistics we’ve been exposed...
The IKEA approach to risk
IKEA is the world’s largest furniture retailer, with more than 350 stores in 50 countries supplying about 12,000 products. The IKEA...








