Clouds of Vagueness
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Risking NEC3
I’m getting slightly obsessed with NEC3. As I’ve posted before, here and elsewhere, these forms of contract are intended to promote good practice in project management but, as far as risk is concerned, do not lay out very clearly what is intended. This is reinforced by what I see in my travels which is a […]
Risk in NEC3
I’ve been doing some much-needed professional development by finally getting properly up to speed on NEC3. This is what was formerly known as the New Engineering Contract – like BAA the letters don’t stand for anything anymore – which was designed to simplify the way construction projects were commissioned and managed. NEC3 is the most […]
What you’ve been waiting for
Matthew Leitch asked me to summarise my last two posts about risk definitions. I said it would take 5 minutes, but as I scoped it out I realised that a lot was involved to provide a proper explanation. Eventually I developed Prezi presentation with a voiceover to cover the explanations. It’s very boring so I’m […]
Pedant’s Corner (2)
This is the second post on risk definitions in the context of risk management standards. Here we are moving on to risk governance, the outer level of the three risk management processes I proposed some time ago. In that previous work I suggested there should be three main components of a risk policy, the document […]
Pedant’s Corner (1)
In principle I’m a great fan of standards for risk management. Given the problems we have, there is a very attractive idea that conceptually lucid, clearly written standards can help us find the way forward. In reality the large range of standards (ISO 31000, BS 31100, superseded A/NZ documents, etc) and quasi standards (PRAM, MoR/P3M3, […]
Resilience (Part 2): aircraft carriers on the lawn
In the previous article I explored resilience in the way it is described in the WEF global risk report. It was hard to find much that distinguished it from a conventional risk management approach – listing actions against risks – apart from: a recognition that things look different at different scales – the global uncertainty […]
Resilience (Part 1)
For some time it’s been a theme in meetings between risk management people and business continuity people that the world’s ills can be solved by being resilient. Specifically, you don’t need to worry about that boring old risk profile when resilience means you can deal with anything that’s thrown at you, up to and including […]
Fragility management
I reviewed Nassim Nicholas Taleb’s book Antifragility with the promise to look separately at what the lessons might be for organisational risk management. The answer is quite a bit, and this article will just be an initial high level view. The thinking is developed pretty uncritically from the book. There will be plenty of scope […]
Risk workshops
I was talking to a colleague the other day who dismissed risk workshops in a rather peremptory way. He painted a picture of a pompous facilitator locked up in a room with 20 or so bored people with better things to do. “In any case we know all the risks and we can always review […]
Risk registers, bloody risk registers
It all sounds so simple. Just make a list of all the risks. Then you can start figuring out how to prioritise them and manage them in a comprehensive and visible way. Job done. This was how it seemed back in the early 90s when we took some tools that had proven quite effective for the management of […]
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