Have you ever faced the daunting task of identifying and prioritizing risks in a project, only to feel overwhelmed by the sheer complexity of it all? Whether you’re managing a multi-million-dollar ...

Risk matrices used in industry characterize particular risks in terms of the likelihood of occurrence, and the consequence of the actualized risk. Human cognitive bias research led by Daniel Kahneman ...

Probability of harm (POH) is critical to appropriately scoring risks, so how should it be done? POH needs to show all probabilities, not suppress them.

A Financial Institution’s OFAC risk profile is determined based on its products, services, customers and geographic locations. A Financial Institution’s OFAC compliance program is required to: ...

With some 30% of global container traffic passing through the Suez Canal, the Red Sea crisis is having a massive impact on global supply chains. Houthi rebel attacks on cargo ships are driving a ...

This is a preview. Log in through your library . Abstract A basic principle for risk-based design has been formulated: the larger the losses from failure of a component, the smaller the upper bound of ...