Risk Analysis

Unnecessary Segregation or Pragmatic Isolation?

Unnecessary Segregation or Pragmatic Isolation?

I've been out in the "real" world for the past six months or so and in that time, my thinking on risk management has changed a little bit. So here it comes, a confession... I have being using a PIG recently and I have felt its use has probably helped with effective management of overall risk.

BTII: Control-freak*

BTII: Control-freak*

As a follow-on to my first post on the Bow-Tie risk assessment method, I thought I'd concentrate on controls (or barriers or whatever else you would like to call them). This is, after all, where all the action happens. Risk controls are how we spend most of our time - they are the practical aspect of managing risk.

BTI: Dressing up for Risk Assessments

BTI: Dressing up for Risk Assessments

I've been doing a lot of pondering on the Bow-Tie method of risk assessment for a project at work. Bow-Tie is a tool used by many, especially in the oil & gas industry, to create a picture of risk surrounding a central event. It's got a few positives and a few negatives but these can be overcome if you understand the limitations of the model being used.