JULIAN TALBOT

Risk assessments are performed to identify potential hazards and evaluate the likelihood of those hazards resulting in harm. This information is then used to make informed decisions about mitigating or eliminating those risks. There are several reasons why people do risk assessments; some of the common reasons include the following: Compliance: Many organizations are required by law to conduct risk assessments to comply with regulations and standards related to health and saf

It is critical to define risks precisely and unequivocally because it helps organizations better understand the potential consequences of...

A sure way to stir up comments and attention on LinkedIn seems to be to post anything positive about risk matrices. For reasons that I...

Many critics of risk matrices are conflating a flawed method for a flawed tool. They might have used risk matrices poorly in the past and...

Risk management models help organizations identify, assess, and control risks. They provide a structured approach for identifying and...

Risk management is a crucial aspect of any organization's operations. It involves systematically applying policies, procedures, and...

I’d been in the room for about five minutes and had already heard Brian (not his real name) tell me at least three times in a variety of...

Understanding, let alone managing risk, can often feel like hanging on by your fingertips. But it doesn't have to be that way. By implementing a risk management system, such as the ISO31000 standard, organizations can improve their decision-making, reduce uncertainty, and increase the likelihood of achieving their objectives. The reason ISO 31000 is so crucial is due to it being endorsed by over 160 nations. ISO 31000 is the international standard for risk management. It prov

In Ernest Hemingway’s novel The Sun Also Rises, a passage in which a character named Mike is asked how he went bankrupt. “Two ways,” he...