"Training: Necessary but not sufficient"
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July/August 2010
page 31-32 |
307 KB |
Many organisations expect training to produce competent staff. But training is only a small part of the solution. The PEAKS competence model provides a broad framework for developing competence in a range of roles, including managing risk.
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"Eyjafjallajökul - A personal view"
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June 2010
page 14 |
133 KB |
The recent Icelandic volcano eruption raised questions about whether the official response was appropriate. This was an example of the precautionary principle in action - what can we learn to help us manage our daily risks?
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"Managing future DANGER"
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April 2010
page 30 |
330 KB |
Risk management offers a forward-looking radar to scan to future and help us get ready for what it might bring. This article suggests six reasons why the future might be particularly risky.
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"The two faces of risk management"
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Jan/Feb 2010
page 29 |
144 KB |
The New Year is a time for reviewing the past and considering the future. Risk management should also look back to learn lessons from the past, and look forward to get ready for the future.
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"Staying SAFE at sea - and in projects"
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November 2009
page 20 |
107 KB |
A recent safety campaign promoting safety at sea for young sailors provides inspiration and insights for projects. Discover four simple steps for ensuring that your project stays afloat and reaches harbour safely.
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"Risk management 20 years on"
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October 2009
page 30 |
135 KB |
Much has changed in the world of risk management since the Risk Doctor started his first Risk Register in 1985. This article looks back over the past two decades and discovers that some things have changed - and some have not!
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"Weight management for risk-takers"
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September 2009
page 24 |
98 KB |
This article uses the analogy of risk obesity to discuss ways of dealing with taking on too much risk without suffering from the equivalent of eating disorders. Find your ideal risk-weight!
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"Don't make the same misteak twice"
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August 2009
page 47 |
344 KB |
We all want to do better, and businesses aspire to become "learning organisations". Despite this it seems that the same risks appear repeatedly in Risk Registers. Why do we not learn from our past experience? This article explores the reasons and presents a simple checklist to help us learn from the past to benefit the future.
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"Problems with probability"
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July 2009
page 29 |
162 KB |
Discover the four reasons why risk practitioners, management and project teams experience repeated difficulty in assessing the probability that a given risk might occur, and explore possible solutions. In particular the limitations of natural language are outlined. It is very likely that you will learn something new from this article!
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"Swine flu and risk perception"
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June 2009
page 18 |
119 KB |
Ten factors affecting public perception of risk are outlined, explaining why we may be over-reacting to the current swine flu outbreak. Surprisingly, most of these factors are not purely rational - and they also affect our businesses and projects. Understanding them should help us to respond more appropriately to the real risks we face.
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"Risk management isn't hard"
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May 2009
page 25 |
109 KB |
It's a mistake to label risk management as "hard", for two reasons. Firstly because risk management is easy - it's just structured common sense. And secondly because risk management involves the use of soft skills alongside hard techniques.
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"Innovative risk management"
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April 2009
page 10 |
99 KB |
Some people think that risk management hinders innovation because it stops people trying things that are new and potentially risky. This column explains the misconceptions behind this view and shows how proper risk management is truly innovative.
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"Better safe than sorry?"
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March 2009
page 10 |
104 KB |
The precautionary principle encourages us to prepare for the worst. This leads to over-reactions and unnecessary levels of contingency, and can lead risk management into disrepute. This column proposes antidotes to the precautionary principle to help us take the right risks safely.
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"What is your biggest risk?"
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February 2009
page 20 |
186 KB |
The Probability-Impact Matrix (PIM) is the most common technique to decide which are the biggest risks. This article discusses the problem with relying solely on the PIM, and suggests some alternative approaches to sizing and prioritising risks.
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"Happy Risky New Year!"
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January 2009
page 30 |
150 KB |
Many current definitions of "risk" include both threat and opportunity. Some people don't understand this, and so they are resistant to putting it into practice. This column describes three main reasons why risk should include opportunity alongside threat, and why the risk process should seek to manage both opportunities and threats proactively.
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"Risk management and Maslow"
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December 2008
page 10 |
153 KB |
Most people agree that risk management is "A Good Thing", but it is still widely practised with a lack of enthusiasm and commitment. This paper uses Abraham Maslow's "Hierarchy of needs" to explain how to motivate people and organisations to treat risk management more seriously.
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"Learning from counter-terrorism"
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November 2008
page 18 |
120 KB |
CONTEST is the UK Government's counter-terrorism strategy, describing what is being done to address this major challenge. This column explains how project managers can take a similar structured approach to dealing with project threats.
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"Lessons from the UK National Risk Register"
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October 2008
page 20 |
105 KB |
The UK Government recently published their first National Risk Register, explaining what could cause a catastrophe in the UK and what they are doing about it. What can we learn from this ground-breaking document?
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"Boom, bust and risk management"
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September 2008
page 14 |
112 KB |
In difficult times, should we treat risk management as an avoidable cost, or as part of the solution?
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"Managing the future"
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July 2008
page 18 |
240 KB |
How to tell the difference between Possible Futures, Probable Futures, and Preferable Futures; and the role of risk management in getting to the right one!
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"What drives risk attitudes?"
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June 2008
page 26 |
98 KB |
The "triple strand" of conscious, subconscious and affective factors are described, explaining why individuals and groups choose to respond in a particular way to risk.
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"Proving the value of managing risk"
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April 2008
page 22 |
98 KB |
How can we demonstrate that our efforts to deal with uncertainty are working?
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"Maturity - good or bad?"
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March 2008
page 14 |
193 KB |
Everyone assumes maturity is "A Good Thing", but perhaps not. Maybe we should be like Brigitte Bardot or Madonna?
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"Assume nothing, challenge everything!"
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February 2008
page 35 |
110 KB |
Using Assumptions & Constraints Analysis to identify risks.
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"Risky Resolutions" |
January 2008
page 12 |
118 KB |
Four New Year’s resolutions to improve your management of risk.
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"Unknown-Unknowns and Risk"
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December 2007
page 22 |
137 KB |
From that infamous Rumsfeld quote to practical guidelines – how to deal with what you don’t know.
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"To quant or not to quant" |
November 2007
page 30 |
114 KB |
Explores the problems, prerequisites and benefits of using quantitative risk analysis. |
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"The three tenses of risk identification" |
October 2007
page 18 |
133 KB |
Exploring three types of risk identification techniques: reviewing the past, assessing the present, and predicting the future. |
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"Exploring patterns of risk exposure"
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September 2007
pages 28-30 |
201 KB |
Using hierarchical frameworks to understand risk (including the new Risk Impact Breakdown Structure, RiBS). |
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| "Risk management: The longer view forward" |
August 2007
page 44 |
113 KB |
Surveying the risk management futurescape: three possible futures. |
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| "Risk management: The long view back" |
July 2007
page 14 |
102 KB |
Tracing the history of risk management through the ages. |
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| "The benefits of managing risk" |
June 2007
page 15 |
89 KB |
This second part of a risk management cost-benefit analysis outlines the multiple benefits available. (Part 1 in May 2007) |
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| "The cost of managing risk" |
May 2007
page 30 |
108 KB |
The first part of a cost-benefit analysis to calculate ROI for risk management. (Part 2 in June 2007) |
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| "Get the frogs off the log" |
April 2007
page 17 |
130 KB |
How to ensure that risk responses are implemented. |
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| "Yes but will it work?" |
March 2007
pages 14-15 |
148 KB |
Seven tests for effective risk responses.
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| "Silver linings in every cloud" |
February 2007
pages 27-28 |
134 KB |
How to find opportunities and avoid scope creep. |
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| "When is a risk not a risk?" |
January 2007
pages 15-16 |
306 KB |
The need to be clear about what risk management is supposed to be managing. |
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