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Projects, operations, and corporations around the world have incurred in major losses. This alone shows that common risk management practices  leave organizations widely overexposed to risks. In fact, hose common practices use 4×4 or 5×5 risk matrix devices. However, thoughtful analysis and planning could reduce, mitigate, or avoid those over-exposure. Thus we collectively refer to risk matrix as “PIGs” , or Probability Impact Graphs.

Your free copy of “What You Need to Know About Risk Management Methods” presents the benefits and limitations of common risk management methods, including Risk Matrices, Probability Impact Graphs and Heat Maps. However, to be constructive, it also discusses Optimum Risk Estimates (ORE), a proprietary methodology by Riskope, the result of twenty years of R&D and continuous development.

The white paper presents:

  • A brief review of risk exposures, and the reasons that have lead to them;
  • The liabilities brought to organizations by risk management approaches that use PIGs risk matrix;
  • An overview of the ORE methodology
  • How ORE can provide a clear, rational, defensible description of the organization’s risk environment and risk horizon, and finally,
  • Case studies that demonstrate  ORE applications.

To date, ORE have been applied by Riskope to waste systems, supplies ingress & products egress studies, environmental risk assessments and finally  cyber-defense programs. ORE prioritization is consistent, unambiguous, and provides context for better understanding of an organization’s risks.

Also, in November 2016 Riskope’s principals have authored a book chapter. The title is The Long Shadow of Human‐Generated Geohazards: Risks and Crises, Geohazards Caused by Human Activity, Prof. Arvin Farid (Ed.), InTech. You can read it and freely download it  here.

Do not forget to browse through the list of publicationsRiskope 20 rules for good Risk Assessments and  the glossary where you can download those files for free.

 

 

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