#387 – RISK BASED, DECISION MAKING – GREG HUTCHINS

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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

#120 – RISK BASED, DECISION MAKING – ED PERKINS

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OLYMPUS DIGITAL CAMERARisk based decision making is employed to implement risk management. But how is this implemented? In this article we will look at the process of making “risk based” decisions.

Risk management is a process that involves several activities.

  • Risk Assessment, to identify and assess risks and Risk Events;

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