Risk management principles are effectively utilized in many areas of business and government including finance, insurance, occupational safety, public health, pharmaceutical, pharmacovigilance, and by agencies regulating these industries. Risk is defined as the combination of the probability of occurrence of harm and the severity of that harm. Continue reading
With the bull employment market in full swing, many are looking for new jobs. Introverts are pressured into growing their network. Many of us turn to online avenues because it feels safer and less time consuming than in person networking. Introverts in particular, prefer this type of connection. For them online networking feels less intrusive. Continue reading
A Deming-Goldratt Take on Risk Management
If we could predict the outcome of everything we do with mathematical certainty, then our lives would be much simpler. In reality, we exist within a complex web of interdependencies and such certainty is not possible. Hence, we live with uncertainty and its inevitable companion: risk. Continue reading
One of the best things about reliability engineering is the never-ending opportunity to learn. As a reliability engineer I work with materials, assembly processes, and people, creating and maintaining products, machines, and systems. Other engineering disciplines tend to focus on one aspect of a design or process. Continue reading