Clouds of Vagueness
risk analysis
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One of my previous Wanderings mused on the power of soundbites, and specifically the encomium, “nothing between men is 3 to 1.” Turned into more mathematical language we get the Harry the Horse Theorem: in a two point sample space where the outcome is affected by the action of humans, managers, or anyone else who thinks […]
What’s the use of risk?
This week the the IRM held its Annual Lecture at the Willis Building. This is a longstanding sponsored breakfast event which used to be held at the old Willis building at Ten Trinity Square. It’s usually a thought-provoking occasion though since Willis’s move to Lime Street health and safety considerations have somehow stopped them dishing up bacon and sausage sandwiches. Such […]
Nate Silver – risk geek superhero
Before the moment has passed I thought it would be a good idea to celebrate a hero who sputtered across the UK firmament just after the US presidential election. Apart from its intrinsic interest, this post will serve as a placeholder until I get round to having a closer look at what happened and see what […]
Organisational risk taking – a simple view
At the core of organisational risk management lies the question of what risks to run. You know the organisation cannot achieve its purpose with certainty. You know you can take steps to control risk – to some extent. You know that your chance of success will be improved if you seek out and grasp opportunities. And you think […]
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