Why do I need to do a risk model anyway? Why do we do what we do? Why do we spend our time and professional energy arguing with people who think what we do is a waste of time and adds no real value? I ask you this. What have...
Is it Risk or Uncertainty?
Recently we have been working with a client where there was much debate about the legitimacy of some of the Risks recorded in their risk registers. We recalled a similar challenge when working with another client in the past where I wrote the paper on which this article is based...
Mitigate or Move On
“…. But the QSRA output says it’s going to take too long and cost too much!” How many times have we heard the above? Why do organisations spend tens of thousands of pounds/dollars/ *choose your currency* running risk models and quantitative schedule risk analysis (QSRA) again and again and again...
4 Steps to Building Organisational Resilience
“Not another Covid-19 article”, I can imagine you all thinking to yourself. This article isn’t intended to be an assessment of risk management performance associated with the current global coronavirus pandemic, but it is hoped that the ideas discussed provide some food for thought for organisations, and individuals, as business...
What is Risk Appetite and why does it matter?
Imagine the scenario: You’re running late for an interview for a job you really want. You’ve parked up or disembarked the train and currently you’re ten minutes late, it’s raining (we must be in the North), and to get to the interview it’s probably another 5-10 minutes. You’ve also forgotten...