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- Today, we look at what happens when Common Cause Failures impact Risks. Common Cause Failures impact Risks defined Common cause…
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Freely available research papers, and other documentations.
Recent major losses incurred by projects, operations, and corporations around the world have shown that common risk management practices based on ”risk matrices” leave organizations widely overexposed to risks that could – with thoughtful analysis and planning – be otherwise reduced, mitigated, or avoided altogether.
Your free copy of “What You Need to Know About Risk Management Methods” presents the benefits and limitations of common risk management methods. As a matter of fact, it includes Risk Matrices, Probability Impact Graphs and Heat Maps (which we collectively refer to as “PIGs” risk matrix). However it also discusses the Optimum Risk Estimates (ORE) a proprietary methodology by Riskope, the result of twenty years of R&D and continuous development.
By Franco Oboni and Cesar Oboni
This book target readership is key personnel and mid-management that want to understand and solve situations where:
have the potential to create havoc, and also, for example, leave budget and time contingencies inadequate.
However, if you have a clearer understanding of the project’s system your decision making will become easier and more defensible. Also, costs will be under control and, finally, you will reduce the chances of experiencing the stress of coming in over budget, costly delays, being cornered, or worse of all complete project failure (on your watch).