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Tag Archives: risk assessment

The Personalization of Risk

– I realized when I received several comments regarding my September 12, 2011 column “Risk Mismanagement – Scoring vs. Monte Carlo vs. Scoring” from Doug Hubbard and others, that I hadn’t been clear enough in my description of what I had termed “subjective risk.” It also seems that it…

Risk Mismanagement – Scoring vs. Monte Carlo vs. Scoring

– I finally got to read Douglas Hubbard’s book “The Failure of Risk Management: Why It’s Broken and How to Fix It” (Wiley, 2009). As I have written in other columns about Hubbard’s prior book “How to Measure Anything: Finding the Value of Intangibles in Business” (Wiley, 2007; Second…

Learned Lessons Are Not the Whole Picture

– I am certainly a strong proponent of learning from disasters, as asserted in my June 14, 2010 column “Cyber Lessons Learned from the Gulf Oil Catastrophe,” for example.   Consequently I felt somewhat vindicated in that view by an article by William J, Broad on the front page of the Science…

Black Swans … or Oil Victims?

– There is an article in The New York Times Magazine of June 6, 2010 by David Leonhardt with the title “Underestimating Risk: What the oil spill and the financial crisis have in common.” It is in a section called “The Way We Live Now,” and next to the section heading there is a drawing of…

Down the PCI Rabbit Hole in Search of Better Risk Measurements

– Decision-making is often a product of risk assessment and prioritization.  Currently, I have several deliverables pending for work, a carpentry project at home and this article to write.  As I decide which to address, I quickly, and in many cases, unconsciously, analyze what I am placing at risk…