(This post is part of the 31010 Series of posts on Risks & Ventures. For more information on this series please follow this link). “A picture is worth a thousand words.” (1) Earlier in my career when I was giving a lot more Powerpoint briefings than I am most of
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Risk Assessment Techniques – Making Pros and Cons Lists with Cost Benefit Analysis
(This post is part of the 31010 Series of posts on Risks & Ventures. For more information on this series of posts please follow this link). As we have said in some of our previous posts, there are several formal, recognised risk assessment techniques which quite closely resemble things that
Risk Assessment Techniques – Thinking About the Future with Scenario Analysis
(This post is part of the 31010 Series of posts on Risks & Ventures. For more information on this series please follow this link) If you are in a long term relationship, or if you ever have been, you will likely have had some moments when you talk together with
How to Get to the Root of Problem: Ask Why it Happened Five Times, The Five Whys Method
If something has gone wrong or you feel it is going wrong either personally or in your business, one of the best and simplest ways to try to get to the root of what is happening is to ask why. Several times. This root cause analysis technique is credited to
Improving your group decisions with The Nominal Group Technique
(This post is part of the 31010 Series of posts on Risks & Ventures. For more information on this series please follow this link.) The Nominal Group Technique is a group decision-making and risk assessment technique which is particularly useful in situations where it is important for each individual in
When Adding More Restrictions Makes No Sense: The Concept of ALARP
(This post is part of the 31010 Series of posts on Risks & Ventures. For more information on this series please follow this link). [UPDATE: 30 April 2020. Please note that this post was written before the SARS-CoV-2 virus spread out of China, therefore also before the idea of “a