Duncan
Risk Management in Projects - how it should add value (but often doesn't)
For any project, people need to know what will be delivered, when it will be delivered, and how much it will cost. Perhaps surprisingly,...
Duncan
- Jan 17, 2021
- 2 min
Questions you should ask the next time you see a risk heatmap
Risks are often assessed using matrices, typically with 1-5 scores for likelihood and impact, multiplied together, and assigned a colour....
350 views0 comments
Duncan
- Jan 1, 2021
- 2 min
How effective, really, is risk management in your organisation?
We all manage risks, whether we're aware of it or not. Every time we make a decision or think about how things might turn out in the...
38 views0 comments
Duncan
- Sep 16, 2020
- 3 min
Risk management horror stories
There are plenty of horror stories from the world of risk management out there. I’m not talking about bad decisions, poor strategies,...
199 views0 comments
Duncan
- Aug 19, 2020
- 2 min
What risk management software?
While helping organisations strengthen their risk management arrangements we’re often asked what software do we recommend for risk...
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Duncan
- May 16, 2020
- 1 min
Monte Carlo analysis - an essential tool for all risk managers
Monte Carlo analysis is a technique to help quantify the outcomes of uncertain inputs, events and assumptions, and can be used in any...
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Duncan
- May 10, 2020
- 1 min
Cognitive bias in risk management
As human beings we are all different. We have different experiences, objectives, perceptions and values, and these influence the...
61 views0 comments
Duncan
- May 9, 2020
- 1 min
If you can measure it, you can manage it
One of the biggest obstacles in implementing effective risk management is the mistaken belief that 'we don't have the data to be able to...
24 views0 comments
Duncan
- May 9, 2020
- 1 min
Risk management in a post-Covid19 world
Covid19 has been a wake-up call for lots of organisations, who have had to implement major changes in extremely short timescales. In many...
10 views0 comments
Duncan
- May 7, 2020
- 1 min
What risk software is best?
We often get asked ’what software should we be using for risk management?’ and the unfortunate fact is there are many products out there...
35 views0 comments
Duncan
- May 6, 2020
- 1 min
Coronavirus is not a black swan
A lot of risk managers are calling coronavirus a black swan event, meaning it to be an unpredictable large-scale event. There are two...
17 views0 comments
Duncan
- May 5, 2020
- 1 min
7 reasons why risk registers might be doing more harm than good
Risk registers are everywhere. Organisations invest considerable time, effort, and resources creating them, updating them, and reporting...
33 views0 comments
Duncan
- May 5, 2020
- 1 min
10 reasons why assessing risk using heatmaps and matrices is a bad idea
Heatmaps and risk matrices are commonly used to score risks in many organisations. But there’s no evidence to suggest they contribute to...
36 views0 comments
Duncan
- May 1, 2020
- 1 min
10 questions to ask your risk team
In many organisations risk management could be adding a lot more value. Here are some questions senior leaders should be asking their...
40 views0 comments
Duncan
- May 1, 2020
- 1 min
10 signs risk management probably isn’t contributing to better performance
A lot of activities carried out under the name of ‘risk management’ are ineffective, unnecessary, and even dangerous. Here are some...
20 views0 comments
Duncan
- Mar 25, 2020
- 1 min
Some thoughts about risk
I've created this blog to share some thoughts and ideas around risk, and what they might mean for you and your organisation. I'll try and...
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