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 ...

Last week we started the series on business risk assessment and management. This week we continue by reviewing the values in the use of the Risk Matrix. Fundamentally, we all differ in terms of the ...

Risk management involves a three-step procedure: hazard identification, risk assessment, and risk mitigation in case of unacceptable risk levels. In fact, the hazard identification process should ...

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.

This paper develops a method for estimating value-at-risk and conditional value-at-risk when the underlying risk factors follow a beta distribution in a univariate and a matrix-variate setting. For ...

Managing risk in biopharmaceutical operations is of utmost importance for patient protection. Managing risk in biopharmaceutical operations is of utmost importance for patient protection, ensuring ...