Tag Archives: Andrew Sheves

#301 – DEALING WITH UNCERTAINTY IN YOUR RISK ASSESSMENT – ANDREW SHEVES

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Most of the risk assessment models I’ve discussed before use a basic formula to calculate a value for risk. By adding or multiplying values for the individual factors, you’ll get a numeric value for the risk itself. That’s going to allow you to put things into order, apply a color-code or description. That gives you enough differentiation to start a risk-based discussion or determine where you need to focus your attention and resources. Continue reading →

#300 – SMOKE ALARMS: HOW TO BECOME MORE PROACTIVE – ANDREW SHEVES

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Many people have a few smoke alarms dotted around their house and, to me, these are some of the most straightforward set-it-and-forget-it risk management tools you can get. You set these up and then…nothing. You can forget about them until that annoying ‘chirp’ sound wakes you up one night, telling you to change the battery.

And most people will never hear their smoke alarm go off except for those times that their cooking gets a little out of hand. Continue reading →

#298 – WHAT IS A BLACK SWAN AND WHY YOU NEED CONTINGENCIES? – ANDREW SHEVES

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I’m sure you’ve heard people referring to COVID-19 as a ‘Black Swan’ – something that no-one could have seen coming – but is that actually the case?

Terrible though it is, I don’t think it’s accurate to describe the current situation as a Black Swan because we’ve had to deal with highly contagious, deadly diseases before.

Calling this a ‘Black Swan’ is, therefore, a way to excuse a confused response: ‘how could we have prepared for something that no-one could see coming?’ Continue reading →

#294 – SHORT ON RESOURCES: WHERE TO APPLY YOUR FOCUS – ANDREW SHEVES

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Effective execution is a matter of dealing with scarcity: a scarcity of time, a scarcity of resources, and scarcity of information (although too much information can also cause problems). Tools like a risk assessment help manage this scarcity by prioritizing things to allow you to better allocate resources on what’s most important. Continue reading →

#291 – HOW LESS DATA CAN GIVE YOU BETTER RESULTS – ANDREW SHEVES

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“Hi, I’m Andrew, and I have a weakness for data.”

There, I said it.

I love spreadsheets. I love national statistics. I love primary sources.

I could probably have completed my Master’s dissertation without an extension if I had just accepted that cited quotes were valid instead of looking for all the original sources*. And I don’t need to read the last three years of a company’s annual reports before I have a 20-minute call with them. Continue reading →