Risk

5 reasons why opportunity should be part of your risk management

Risk Doctor David Hillson believes there are many compelling reasons to practice inclusive risk management that addresses both threats and opportunities. Here are the ‘five Cs’ of why opportunity should be part of your risk management.

June 14, 2021

Risk

Demystifying quantitative risk analysis

Quantitative risk analysis is clearly a very powerful technique in the risk professional’s toolkit, but it seems to be hard to use. Here are some of its strengths and weaknesses.

January 25, 2021

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 decisions take risk properly into account. But perhaps the term ‘risk-based decision-making’ is mistaken.

December 7, 2020

Risk

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 difficult to implement the risk process efficiently, while too much infrastructure adds to the cost overhead.

September 12, 2019

Risk

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 assurance function? Pat Weaver addresses what assurance should do.

August 17, 2016

Risk

Can you use standard deviation in project management?

Standard deviation is an abstract concept derived from observation rather than calculation or experimentation. Can project managers use it to support unique projects? asks Pat Weaver.

July 19, 2016

4 strategies to manage project ‘unknowns’

There are always some potentially damaging project risks that are currently unknown to us and therefore impossible to add to the Risk Register. Michael Baron gives us four strategies to deal with them.

May 23, 2016

Risk

Practical ethics for problem projects

Practical ethics suggests that to counteract the forces for poor ethical standards there needs to be a stronger force for high ethical standards. Pat Weaver fights a slow-burning issue in the building industry.

March 23, 2016

Can a risk have 100% probability?

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.

March 10, 2016

Risk