Worst Case Scenarios
When planning for disasters we often time opt for “worst case” scenario plans. Yet, time and again we are surprised when the “worst case” based plan that has been developed is superseded by an actual event that occurs. Hurricane Katrina taught this lesson. Will we be going back to school to learn the same lessons from Hurricane Harvey and Hurricane Irma? And, Hurricane Jose is coming in on the heels of Irma. Continue reading
As very young children, we had an instinctive need to be very close to our parents – feeling a great deal of anxiety, even a sense of abandonment, if they were not within our sight. As we grew older – and whether it was geographically, intellectually, or psychologically – we would become more comfortable with greater distances from what we felt were our basic truths, but almost always as stepping stones and rarely great leaps. Think of early commanders of sailing ships always keeping sight of land until traveling ever greater distances was more predictable because of maps and navigation techniques and tools. Continue reading
Risk management is suffering from too much consultant-speak – mystifying what is a standard business practice. When inducting new staff in the concepts of risk management, I use the most obvious analogy which clarifies the issues simply: that of our own mortality. Continue reading
Once reliability risks have been identified and analyzed, we have to do something.
Well, not really.
If the risk is acceptable to the stakeholders, then we can simply continue with the current plan and monitor or any new risks or changes in our understanding of the existing risks. Continue reading
President Trump promises a more business-friendly government that should stimulate economic growth. Regardless of the actual economic growth in our future, here are three methods that will help your business increase profits if you depend on successful completion of projects to make money.
These are relatively simple concepts, but they require in-depth knowledge, consistent effort and discipline to get full benefit. Continue reading