Taking a Q&A format, this short blog provides an overview of how Monte Carlo Analysis, the technique first used by scientists working on the atom bomb back in the 1940s, can help risk and project [...]
While it may be easy enough for risk professionals to appreciate the benefits that ERM can bring in driving robust risk management processes within an organization, it may be trickier to put the case for [...]
By Scott Fenstermaker "Hydra, springing from whose single body were fashioned a hundred necks, each bearing the head of a serpent. And when one head was cut off, the place where it was [...]
Is it possible to manage risks of the third decade of the twenty-first century using tools and techniques from the last millennium? Well, are your risks the same? Not so long ago, risks could be [...]
The hospital landscape is an environment ripe for risk. Between an overall increase in chronic diseases and high turnover rates requiring large-scale staff replacements every five years, hospitals are facing a multitude of challenges. At [...]
According to Murphy’s Law, if something can go wrong, it will. The saying was birthed at Edwards Air Force Base in 1949 by Captain Edward Murphy, an engineer working to see how much deceleration a [...]
In business, the “it won’t happen to me” mindset isn’t just blind optimism -- it’s an inherently flawed and frankly irresponsible approach to risk management. The reality is risk is everywhere – the question [...]
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