#18 – THREE MYTHS OF RISK STRATEGY – DAVID PEDERSON

David Pderson pixRisk management combines skills, time, and tools to formulate options for any series of events that may occur during the life of a project.  Those options range from negative risk, where an event will harm the project, to positive risks, where an event reveals a new opportunity to pursue. Continue reading

#17 – HEALTH PRODUCT RISK MANAGEMENT: ERM VS. PRODUCT RISK ASSESSMENT – EDWIN BILLS

Edwin BillsThis newsletter has focused on Enterprise Risk Management (ERM), which applies to all businesses, and some would say to non-profits as well as those profit-making enterprises.  In this article we will bring a different perspective to Risk Management from a particular sector of the economy. Continue reading

#17 – BUILDING A RISK INVENTORY TO PREPARE FOR MANAGING PROJECT RISK (IV) – HOWARD WIENER

Howard Wiener PixIn the previous posts in this thread we looked at various types and classes of uncertainties and discussed how and when they are likely to be identified and selected for inclusion in a project’s Risk Register.  In the final post of this series, we will look at how to build a repository that can streamline this process by storing uncertainties and qualifying information about them in a structure that facilitates querying and filtering them.

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#17 – RISK DECISIONS AND HUMAN NATURE – ED PERKINS

OLYMPUS DIGITAL CAMERAOne area that does not receive much emphasis in risk management is the human factor.  In risk assessments, risk events, likelihoods and consequences, vulnerabilities are the usual focus.  People are viewed as ‘weak links’ in risk prevention, but what about risk mitigation?  Your risk planning depends on people to respond when an event occurs. How good is their risk decision-making under stress?  There is the weak link. Continue reading