risk

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Safety on the move

Evolving risk culture in the automotive sector

The automotive sector is in a period of extreme disruption. Alongside trends in decarbonization of transport, technology is fundamentally shifting the way vehicles work, including increasing levels of automation with the expectation that fully autonomous vehicles will be the vehicles of tomorrow....
Risk

Competence at the heart of a safe organization

Achieving consistently strong safety performance through a competent and capable workforce

Effective competence management is a fundamental component of any safe organization. Good competence management systems provide senior managers and executives with assurance that the workforce has sufficient skills, knowledge, and experience to undertake their roles and associated tasks safely....
Risk

Sustainability in the supply chain: The risks and the rewards

Supply chain sustainability risk management

Supply chain risk management is a key challenge for many companies and can be plagued by inadequate transparency, difficulty of control, and, in many cases, a lack of trust. As companies are urged to develop and publish sustainability policies, managing the risk of noncompliance against these...
Risk

Can key risk indicators avert disaster?

Lessons in risk management from the Boeing 737 MAX tragedies

The Boeing 737 MAX disasters critically shook the trust of airlines, passengers and regulators globally. Although the lessons learned have been the theme of numerous government reports and investigative journalism, little has been discussed regarding metrics that could have provided early warnings...
Risk

Project crisis management

Improving energy projects’ resilience and facing uncertainty with confidence

Energy companies are increasingly relying on extremely large-scale investment projects (megaprojects) to respond to the energy transformation, build capacity and replace depleting energy sources. Ever-increasing technical and commercial complexity, coupled with high political instability, economy...
Utilities & alternative energy, Risk

Next-generation business resilience management

A revolution in risk and continuity management powered by next-practice data analytics

Responses from large companies to the COVID-19 crisis have brought into sharp focus serious shortcomings in current risk and business continuity management approaches, such as lack of suitable data and intelligence, inadequate appreciation of risk velocity, and not enough agility to adapt to...
Risk

Facing major risks: Getting it right

Rethinking risk management to enhance organizations’ resilience

Many governments, organizations and companies were not adequately prepared to respond to a risk of the scale of COVID-19. Over the last decades various epidemics have occurred, and some leaders and organizations had warned about the possibility of a pandemic crisis causing dramatic global...
Risk

Do companies get the most out of Hazard & Operability (HazOp) analysis?

How to break through constraints in hazard identification

HazOp analysis is undoubtedly one of the most effective hazard identification techniques in the manufacturing industry. In fact, it is rigorous, reliable and repeatable. However, complex organizations often struggle to integrate safety and operations synergically in this kind of study: dependence...
Risk

Cyber-threat: Is your business prepared?

Developing a holistic, integrated approach to managing cyber-risk

Despite the emphasis on and investment in cyber-security, traditional approaches, which tend to focus on either technology or risk, are failing to protect businesses and their customers. We explore the benefits of adopting a new, unified approach that brings together technology and risk management...
Risk

From risk to resilience: Digital defense

Building effective cyber-resilience through an organization-wide approach

There is no doubt that while the world is enjoying the benefits of the fourth industrial revolution, the risks to businesses from cyber-threats are increasing in both sophistication and frequency. What can business leaders do to strengthen their resilience to cyber-threats? Leaders must firstly...
Risk