Today’s article will continue on the subject of emerging risk in combo with how to forecasts the future. Intentionally I did not say “predict the future”, as this is impossible. Forecasting is though something different that I as a Risk Management fan think is somewhat achievable. No, I have not invented the time machine and […]
Read More EMERGING RISKS & HOW TO FORECAST THE FUTURE
Our past and history are perspectives that can help us to predict, forecast, and strategize around future events. But just because something happened in the past does not mean it will happen in the future. But the past can help us in learning about, for example, how to prepare and take on new things in […]
Read More WHAT ARE EMERGING RISKS?
In this article, the focus will be on the Monitoring & Reporting phase in the Risk Assessment process. I will go through the phase, Monitoring & Reporting, and the elements within it. If you are new to Risk Management, I recommend you read the article What is Risk Management. If you are interested in the […]
Read More THE RISK MONITORING & REPORTING PHASE EXPLAINED
In this article, the focus will be on the Risk Treatment & Response phase which is the third phase in the Risk Assessment process. I will go through the phase, Risk Treatment & Response, and the elements within it. If you are new to Risk Management, I recommend you read the article What is Risk […]
Read More THE RISK TREATMENT & RESPONSE PHASE EXPLAINED
About 40 million lightning strikes hit the ground in the United States each year. But the odds of being struck by lightning in a given year are less than one in a million, and almost 90% of all lightning strike victims survive. The odds of being struck multiple times is even less, with the record […]
Read More WHAT IS RISK? MODELED & EXPLAINED
In this article, the focus will be on the Risk Analysis phase in the Risk Assessment process. I will go through the phase, Analysis, and the elements within it. Risk Analysis is the second phase of the Risk Assessment process. If you want to read about the Risk Identification phase (which is the first phase), […]
Read More THE RISK ANALYSIS PHASE EXPLAINED
The focus in this article will mainly be on the Risk Assessment Process and the Identification phase. I will go through what they contain and the elements within them. If you are new to Risk Management, I recommend you to read this article What is Risk Management. This illustration is a summarized view of Risk […]
Read More THE RISK ASSESSMENT PROCESS & IDENTIFICATION PHASE EXPLAINED
“According to National Geographic the risk for a human of getting attacked by a shark is 1 in 3.7 million. You’re also more likely to be injured by home improvement tools than by a shark, according to the Florida Museum of Natural History.” The impact of being attacked by a shark can have lethal consequences. […]
Read More WHAT IS RISK MANAGEMENT?