Two real life examples of Phase I Risk Based Decision Making

Risk Based Decision Making We would like to show you two examples of Phase I Risk Based Decision Making. Phase I means that a preliminary decision is made based on Risk Prioritization alone, without financial comparative evaluations of the alternatives using CDA-ESM (i.e. evaluating the long term cost of the alternatives including upside and downside risks). The first example relates to selecting a different transportation mode (or altering a status quo) for the personnel of a remote operation in a…

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