Archives

80-20% rule in Risk Management practice: a way out of the overwhelming syndrome

Recently a client called us in to help determine the criticality of each element (division) of their business. They had developed a qualitative and indexed approach (FMEA/PIG risk matrix style). However they realized it neither yielded enough specific high quality information nor allowed sensible and informed decisions. We analyzed their system and found that the 80-20% rule in Risk Management practice: a way out of the overwhelming syndrome was true. More specifically they had difficulties in: Defining the appropriate level…

Read More

Archive

Hosted and powered by WR London.