Contact

Archives

Doing a Risk Assessment on your business is great, but where should you stop?

Doing a Risk Assessment on your business is great, but where should you stop? On March 4th 2015 a chemical fire fueled by trichloroisocyanuric acid from a container forced hundreds in Vancouver’s downtown core to stay indoors and triggered partial evacuation in the city. On April 8th 2015 Vancouver woke up with at least least 2,700 liters of “bunker fuel” spill in its bay. On April 16th a fire broke at Squamish Terminals deep-water port in B.C. Those three events…

Read More

Five keys to healthy planning, project management that every manager needs, but only successful ones know.

Healthy planning, project management that every manager needs to know Projects, particularly larger ones, are inherently risky due to long planning horizons and complex interfaces. Inevitable changes in management and workforce personnel during the project’s cycle are known to increase uncertainties and generate unwanted additional risk exposures. Complexity, interdependencies and unplanned events are often unaccounted for, leaving budget and time contingencies inadequate. May be you are among those who: Are concerned that all risks may not have been identified and…

Read More

How system definition and interdependencies allow transparent, and scalable Risk Assessments.

System definition and interdependencies allow transparent, and scalable Risk Assessments Any civil or military system, consists of nodes (Fig. 1) which receive, process or transform, and produce resources. The nodes are generally interdependent, as we shall see later in detail. By defining the system the context of the risk assessment is defined in compliance with ISO 310000. The system’s architecture must be carefully studied by people who intimately know the system . Risk assessment experts can only offer support in…

Read More

More questions raised by Probability Impact graphs common practice

We oftentimes see PIGs (probability impact graphs) based “ERM binning exercises” being presented where the scale of the graph (generally the consequence axis) is adapted when going from operational to corporate level. This practice certainly does not help a rational approach to strategic, tactical, operational levels and raises several questions: Can we define Manageable and Unmanageable risks in a clear and transparent way? Is it possible to have a clear and simultaneous representation of Strategic, Tactical and Operational scenarios in a…

Read More

How to select among alternatives. A better and safer method than NPV

How to select among alternatives. A better and safer method than NPV The “strongest alternative” is the one that has the largest Economic Safety Margin (ESM), evaluated as the difference between the Project Net Gain (PNG)= Project Returns (PR) – Costs (C) and Total Risk (TR), i.e. the value obtained through the Comparative Decision Analysis (CDA) methodology. Where: ESM=PNG-TR=PR-C-TR=PR- (C+TR). The ESM is the difference between the capacity (the “strength” of a project is equal to the Project Returns) and…

Read More

Archive

Vancouver Digital Creative Agency Ballistic Arts Media Studios.