Do we need a risk matrix? – part 2
In the December 2018 newsletter I asked a simple question – do we need a risk matrix? In that blog I detailed the example of a water corporation that had assessed the risk of: unplanned release (loss of containment) of water from a dam as being Major (Consequence) and a Rare (Likelihood), which meant that, […]
Pop Goes the Weasel
Who would have thought, a Weasel shuts down world’s largest particle accelerator. As reported by the ABC it’s the “world’s largest and most powerful particle accelerator and one of humankind’s most ambitious scientific endeavours, the Large Hadron Collider (LHC), had been shut down — by a weasel.” The ABC went on to report that the […]
“Ownership” is a lovely word to use in risk management
When Aspen Medical got the nod that it was the Government’s preferred contractor for what was undoubtedly one of the most challenging and risky health care missions worldwide, the company dealt with the management of risks that most of us cannot even comprehend. In this podcast with Aspen Medical’s Director of Corporate Services, Colin Macdonald […]
Mike Lutomski ‘unzipped’ on risk management
Former NASA Risk Manager, Mike Lutomski talks to me about working on and building a space station. It takes the risk business ‘out of this world’
The Risk Arena Podcast – Risk management is for all Councils
Risk management is for all Councils, according to Greater Geraldton Council’s Brodie Pearce, an Advanced Diploma graduate. To find out more about the Paladin Risk Management Courses visit Training & Courses for upcoming sessions near you.
Downstream/Unintended Consequences of Risk Minimisation Decisions
In January two Canadians lost their lives after mishaps with charity clothing bins. This brought the total deaths from misuse of clothing bins to four in the last five years which prompted the City of Vancouver to ban the use of the bins on private land. As reported in the Vancouver Sun: [The] decision came […]
Developing the Consequence Matrix: it’s all about the Key Performance Indicators
Everything we do has a consequence no matter how small or how significant that consequence may be. How do we estimate the consequences of the risks that may arise within our organisations, from the insignificant to the catastrophic? Managing risk in terms of consequences is all about the Continuum of Performance or in business lay terms KPIs.
The challenges of maintaining compliance in an outsourced environment
Outsourcing is very common and often viewed as the most appropriate way to get a job done. It makes sense to get the ‘experts’ in as contractors when you haven’t got the skill set within your organisation or it is not ‘core business’ When outsourcing functions, the expectation is that the contractor will comply with […]
2015 Risk Student of the Year – killing two birds with one stone
South 32, a company born out of BHP in May 2015, is currently implementing a risk management framework developed by a Paladin Risk Management Services graduate. It was this framework, developed by Emma Johnson, that also saw her become the Risk Management Institute of Australasia’s Risk Student of the Year, 2015. Emma said she was […]
No-one will ever find out…until you’re found out
What do German cars, peanut butter and a heart and diabetes researcher have in common? A seemingly astonishing lack of corporate governance; a misguided sense of cost and benefit and a flagrant disregard for risk and risk management. A quick scan of the media recently reveals that: following a university study, Volkswagen got caught out […]
