Risk Evaluation Series

I have never really liked risk assessments that involve some vague calculation of consequence and likelihood. I have witnessed, and perhaps been involved in, many arguments about where to stick some potential or even past disaster into a limited matrix.

A couple of years ago, I had a whinge/thought experiment on an alternative method of risk evaluation. I enjoyed the use of the term Probability-Impact Graph, rather than Likelihood-Consequence Matrix, to create a little theme - see if you can guess what it was.

I’ve repackaged these posts and a follow-up post for renewed consumption below. Each image is actually a link to the post.

I haven’t come back to this topic to explore the likelihood side of the equation. I have always quite liked the concept of exposure but I do worry that people have a tendency to move the goal posts until they get the answer they like. Perhaps I will re-examine this topic again in the near future.

Let me know what you think, either below in the comments to this post or under the individual posts linked above.

Dan Parsons

Dan is an airport operations manager currently working at Queenstown Airport in beautiful New Zealand. His previous roles have included airport and non-process infrastructure operation manager in the mining industry, government inspector with the Civil Aviation Safety Authority and airport trainer. Dan’s special interests include risk management, leadership and process hacks to make running airports easier. 

http://therunwaycentreline.com
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Accident Review: Asiana Flight 214 Emergency Response