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complexity

This tag is associated with 4 posts

Resilience (Part 2): aircraft carriers on the lawn

By ⋅ 30 April 2013 ⋅ Post a comment

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 […]

Proud to be a war quant

By ⋅ 16 April 2013 ⋅ 4 comments

I’ve just re-read Douglas W Hubbard’s The Failure of Risk Management.  It’s an odd book in that while I agree with most of what’s in it, I’m not particularly convinced by the overall story suggested by the subtitle: Why It’s Broken and How to Fix It. Hubbard’s theme is that we do not do enough, […]

Risk registers, bloody risk registers

By ⋅ 30 December 2012 ⋅ Post a comment

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 […]

Complexity, cockroaches and building resilience

By ⋅ 12 November 2012 ⋅ Post a comment

The near collapse of the financial system was fairly widely predicted though the political community is somewhat in denial about that. What was less widely foreseen was that it would happen in September 2008: it was a risk waiting to materialise as we risk geeks say. Two authors with a gold-plated prediction record on this, […]

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