Category Archives: Tips&Tools@Risk™

#74 – THREE POTENT SECRETS TO INNOVATION – DANIEL BURRUS

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BurrusDan_040I have always maintained that seeing the future is less a matter of imagination, and more one of observation. Being able to gain powerful insights into the game-changing developments that will disrupt your business is an essential skill to success. And today I want to discuss three powerful principles that drive my work, which I’ve seen implemented to great effect in a vast array of domains, both public and private. Continue reading →

#74 – LEARN FROM THE MISTAKES OF OTHERS – ROD FARRAR

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AfteRod Farrarr an incident occurs in an organisation ask yourself ‘Was this avoidable?’ 9 times out of 10 the answer will be yes.

When an incident occurs in your organisation ask what happened, why did it occur, could you have done anything to prevent it from happening and lastly, is there anything you can do to stop it happening in the future? This is your post event analysis. Continue reading →

#73 – FMEA: HOW TO FIND VALUE – FRED SCHENKELBERG

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ABC FredFailure modes and effect analysis (FMEA) is a tool that works to prevent process and product problems before they occur.

I like to define FMEA’s as an organized brainstorm. The process examines a product or process and asks what could go wrong. Then the team systematically determines and rank orders for each failure mode:
– the severity of the problem when it occurs
– the probability of the problem occurring
– the ability to detect the problem before it occurs. Continue reading →

#73 – NO ONE IS REALLY APPLYING ERM AND I THINK IT’S A GOOD THING! – ALEXEI SIDORENKO

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AAA SIDORENKOThis is my personal opinion based on 11 years in risk management across 4 countries with different legislations, cultures and risk environments, so please be patient and try to make your disagreements less violent  Continue reading →