Headaches and lingering chemical smells from a fiery train derailment in East Palestine, Ohio, have left residents worried about their air and water – and misinformation on social media hasn’t helped. Continue reading
Category Archives: Uncategorized
#404 – PRINCIPLES FOR CLIMATE RELATED RISK – JAMES KLINE PH.D.
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Introduction
On December 8, 2022, the Federal Reserve System published Principles for Climate-Related Financial Risk Management for Large Financial Institutions in the Federal Register. This piece discusses the principles published in the register. Continue reading
#400 – CYBER RISK PREPAREDNESS – NATHAN SABLE
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Digitization and connectivity are having a huge impact on more than just your manufacturing operations and ability to monetize data. Your vulnerabilities also are increasing as Industrial Internet of Things (IIoT) manufacturing solutions involve more software, devices and digitally connected employees. Continue reading
#391 – OIL/GAS EVACUATION MANAGEMENT: LEAVE NO ONE BEHIND – BILL POMFRET PH.D.
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Evacuation management is a necessary element of safety planning for oil and gas operations. It is critical to be prepared to evacuate personnel quickly and safely in the event of an emergency, as every second counts when lives are on the line. Evacuation drills and preparation exercises can be disruptive and time-consuming. Continue reading
#387 – RISK BASED, DECISION MAKING – GREG HUTCHINS
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Go out on a limb. That’s where the fruit is.||
Jimmy Carter – U.S. President
Working It in VUCA time emphasizes Risk Based, Problem Solving (RBPS) and Risk Based, Decision Making (RBDM), which are the essence of self-management, execution, career resilience, and career agility.
Years ago, our mantra was risk management should be part of the tool box of all engineers. Why? Engineers live and work in the world of uncertainty and risk. Then things changed. In VUCA time, we say that risk is the entire toolkit and lens for ALL work and living in VUCA time. McKinsey, the global consulting firm, explains the connection between problem solving and decision making: Continue reading