Risk management is suffering from too much consultant-speak – mystifying what is a standard business practice. When inducting new staff in the concepts of risk management, I use the most obvious analogy which clarifies the issues simply: that of our own mortality. Continue reading
Once reliability risks have been identified and analyzed, we have to do something.
Well, not really.
If the risk is acceptable to the stakeholders, then we can simply continue with the current plan and monitor or any new risks or changes in our understanding of the existing risks. Continue reading
President Trump promises a more business-friendly government that should stimulate economic growth. Regardless of the actual economic growth in our future, here are three methods that will help your business increase profits if you depend on successful completion of projects to make money.
These are relatively simple concepts, but they require in-depth knowledge, consistent effort and discipline to get full benefit. Continue reading
On the Path to Probability and Uncertainty?
Is the current situation with the Democratic People’s Republic of Korea on your radar screen as a business continuity planning consideration? Is this situation a realistic risk that your planning should begin to address with a thorough analysis of the potential consequences of an escalation? What about the situation in Syria? Ukraine? Iran? India/Pakistan? Or are these risks too far away and remote to begin to understand? Continue reading
My name is Paul. I grew up in the northeast part of the United States, and have spent most of my life here. I went to college in New York and landed my first job right out of school as a process engineer in the Boston area.
That was 17 years ago. Continue reading