Asking ‘what is risk management?’ often gets you the trite answer ‘it’s the management of risk’ or we get a list of activities associated with risk management. Neither result is satisfying and we need a better definition that explains the intent of risk management along with some clarification of what this is and is not. Here, I’ve presented some initial ideas on a definition along with four components that should give us a more thorough definition. Continue reading
Author Archives: greg
#306 – SOME COVID PATIENTS LOSE THEIR SENSE OF SMELL. SHOULD WE WORRY ABOUT THAT? – ALLEN TAYLOR
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Yes, we should worry. The aroma of savory food is one of life’s great pleasures. The perception of foul odors can protect us from eating or breathing-in something harmful. However, those are not the main reasons for raising concerns over the loss of the sense of smell, or the sense of taste. They are indicators of a far more serious danger. Continue reading
#305 – IS YOUR ORGANIZATION RISK READY: ALL OPTIONS ON THE TABLE – ANNETTE DAVISON
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As the world grapples with the issues of future water security and dwindling supplies of fresh water, more and more organisations and communities are scanning more broadly and reviewing how they can meet their future water needs. There is now an increased risk appetite for considering all water source options for drinking water production – beyond the traditional surface and ground water sources. In the water industry, we talk about the multiple barrier approach, that is, if one barrier fails, there is another in place as insurance. Continue reading
#305 – SUBCONTRACTOR RISK IS A MAJOR REASON FOR PROJECT FAILURES – JOHN AYERS
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Studies show that the majority of companies today outsource up to 60-70% of their work scope to subcontractors to stay competitive. As a result, subcontractors are a major source of risk to a project.
How to minimize the subcontractor risk on a project is addressed in this paper. The approach to do this is based on my 30 years of project and project risk management experience and knowledge. Continue reading
#305 – DOCTORS TO A SICK INDUSTRY – SAFETY MANAGEMENT – BILL POMFRET PH.D.
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DOCTORS TO A SICK INDUSTRY
The Gulf region is a vibrant, exciting and rapidly growing area of the world, it reminds me of Hong Kong in the 1980’s, and while there are thousands of wonderful things that the Gulf can justifiably be proud, its management of occupational Safety and health is not one of them.
During my frequent visits to the region, I have the opportunity to see both living and working conditions of the workforce, many of whom are having their basic human rights violated. Continue reading