Tag Archives: EH&S

Black Swans

Black swan events are so fascinating that they are a common source of discussion in many risk management forums. The variety of perspectives coming from all directions never ceases to amaze.

To a risk manager, ‘black swan’ phenomena are highly unlikely events that have massive impacts on a business or society on the rare occasions they occur. It means that the event is unexpected, but is of huge consequence (Ferguson, 2014). There is no scientific way at present to predict black swan events reasonably and acceptably.
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Posted in Analysis, Baseline Management, Black Swans, Business, Canadian Politics, Causes and effects, Construction Management, Critical Path, Critical Path Management, Data Assessment, Data Maturity, Decision Making, Deterministic Schedule, E-Touch Up, Economics, Information Maturity, Integrated Schedule, Integration, Issues and Problems, Managing Assumptions, Managing Constraints, Monitoring, Oil Future, Opportunities, Opportunity, Planning and Scheduling, Program Management, Program Schedule, Progress Measurement, Project Management, Reporting, Risk Assessment and Treatment, Risk Relativity, Risk Universe, Risk-based Management, rufran frago, Rufran's Blogs, Threats, Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Risk as a Function of Time – Part 2

By this time, you should have read the first part of  “Risk as a Funtion of Time.” Let us get back to the “time component” of risk and answer a simple question made by a Transport Manager operating the Red … Continue reading

Posted in Business, Economics, Project Management, Risk Assessment and Treatment, Risk-based Management | Tagged , , , , , , , , , , , , , , , , , , , , | 1 Comment

Risk as a Function of Time – Part 1

I have just delivered a short presentation in a University project management course under sponsorship of a local oil and gas company when a student followed me out to ask about risk as a function of time. It is amazing … Continue reading

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Book: Risk-based Management in the World of Threats and Opportunities

“Risk-based Management in the World of Threats and Opportunities” is now available in paperback and kindle editions. Check it out and grab a copy! https://youtu.be/wxWgYUhiWos This book provides new/additional knowledge to project management practitioners (beginners to experts), risk management specialists, … Continue reading

Posted in Business, Economics, Project Management, Risk Assessment and Treatment, Risk-based Management | Tagged , , , , , , , , , , , , , , , , , , | 1 Comment

WELCOME TO My WordPress.com Website: “Your World, Our Risk Universe”

Our Risk Universe is vast and many frontiers remain untested. Your world is the midst of it. Your world, our risk universe! Places, events, people, processes continue to change and puzzle us, even in what we might perceive as something familiar. To understand the … Continue reading

Posted in Business, Economics, Project Management, Risk Assessment and Treatment, Risk-based Management | Tagged , , , , , , , , , , , , , , , , , , | 1 Comment