It’s all about targeted flexibility, the art of being prepared, rather than preparing for specific events. Being able to respond rather than being able to forecast, facilitates the ability to respond to the consequences of an event.
Perspective
It seems that there many experts today who are jumping on the bandwagon and laying claim to some aspect of, or permutation of, the “Black Swan” concept. I recently read about someone claiming to be a “Master Black Swan Hunter.” Continue reading
Houston Texas is one of the few local governments in the United States with an Enterprise Risk Management (ERM) based risk assessment approach. This policy was reviewed and updated in 2016. This was the latest step in the city’s use of risk assessment.
From 1996 to 2004, the city outsourced risk assessment. The assessment was performed every five years. Beginning in 2009, the city’s audit department took over the assessment. This article discusses the risk assessment process used by the City of Houston. Continue reading
Two famous references to time and delivery but why do we often wait to the last minute to ensure that a project, no matter how big or small is delivered with all the risks associated with rushing? No matter what rushing takes place and what deadlines are put in place a project will only be ‘all right’, when its ‘all right’.
As John Lennon said:
“Everything will be OK in the end; but if it’s not OK, it’s not the end“ Continue reading
“From North Korean missiles to the eclipse to fidget spinners, 2017 was a year so surreal, so densely populated with strange and alarming events, that you have to seriously consider the possibility that somebody — and when we say “somebody,” we mean “Russia” — was putting LSD in our water supply.”
The above quote is from Dave Barry in a cover page article in today’s (12/31/17) Washington Post. Continue reading
Identifying risk is an important first step. It is not sufficient though.
Taking steps to deal with risk is an essential step. Knowing about and thinking about risk is not the same as doing something about risk. Continue reading