Many people will agree that risk management is important. After we identify and assess a risk, it is treated appropriately and managed to an acceptable level. But is it possible to over-risk manage? Can the treatment become so onerous…
Tag Archive for risk treatment
You say risk management and I say shit management
I am always amazed that despite the enormous square footage of our planet and the tiny amount of poop produced by a bird that it is possible for my car to get hit. But it occurs despite how unlikely it…
Angry Birds risk management
I’ve been playing quite a bit of Angry Birds ever since I got my Samsung Galaxy Tab for my birthday. I love this game. The objective of course is for birds (each with their unique strengths) to destroy the structures…
Lord Voldemort: Risk Manager of the Year
Lord Voldermort would make an excellent risk manager because when he identifies a risk, he assesses it and treats it immediately. Here are a few of my reasons but I welcome additional examples of his risk management in the comment…
When treating a risk creates another risk and so on and so on
Sometimes in an effort to treat an issue, we generate a different risk or increase an existing one in the process. Many of us can relate to when the internal auditors come in, look at existing processes and weak controls…
Managing the risk of risk management
An article by Jared Wade in Risk Management Magazine references the death of luger Nodar Kumaritashvili and includes an email from VANOC head John Furlong relating to the safety concerns about the luge track raised before the Vancouver Games. Furlong…
You cannot mitigate your risks in hindsight
On the one year anniversary of the death of Georgian luger Nodar Kumaritashvili at the greatest Winter Olympic Games of all time, emails have been released disclosing concerns about the luge track that claimed the life of the 21-year old…
Riskczar’s thoughts on next week’s G20
In case you haven’t heard, the G20 Summit is coming to Toronto next week. In my current role, I’ve been involved in some of the business continuity planning but mostly from a communication perspective. All of the heavy lifting had…
Jihad risk
I read recently that Libyan leader Colonel Muammar Gaddafi has called for Muslims to declare a jihad against Switzerland. Apparently this is the result of a Swiss ban on minarets (tall spires) in the construction of mosques and nothing to…
Timing and severity of risk treatments
Are risk management treatments that we implement influenced by the timing and the severity of the event? How about emotion? In hockey, a player is penalized 2 minutes for a high stick to the face of another player; but the…