Dr David Hancock: How should the project and risk professional exist in this world of future uncertainty?
Tuesday, 8 June, 2010 Leave a comment
In this paper [The application of the ‘New Sciences’ to Risk and Project Management] David Hancock poses some very interesting questions about the existing perceptions and future solutions for Risk (and Project) Managers:
“The biggest problem facing us is how to measure all these risks in terms of their potential likelihood, their possible consequences, their correlation and the public’s perception of them”.
It is a very interesting piece by a “leading light” in the industry.
Unsurprisingly I see it as, a further endorsement of my belief that, in future, the task of managing risk can only truly begin by, firstly, measuring and managing underlying “system” complexity.
Otherwise risk management is akin to building on sand!
Related articles by Zemanta
- Enterprise Risk Management & Complexity analysis (davidgwilson.spaces.live.com)
- Do insurers recognise the business benefits? (davidgwilson.spaces.live.com)
- Risk: Things that Cannot be Modelled Should not be Modelled (davidgwilson.spaces.live.com)
- Complexity Management: Not just for “risk professionals” (davidgwilson.spaces.live.com)