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
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
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
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
Talking is not the same as a discussion or conversation. Talking is one direction only. If two people are talking, they are talking at each other.
A discussion is two way. When two people have a discussion information passes both ways, both speak, both listen.
As an engineer, there is plenty to discuss. We work with others to find solutions, make compromises, determine optimizations, and finish projects. We need to share our knowledge and insights, as well as learn from others. Continue reading