What do you do when things go wrong?

We have heard a lot about the Battle of Waterloo lately, and not surprisingly. However, much less has been said about the Battle of Quatre Bras which took place two days earlier.  It was arguably a draw, but from the British point of view we succeeded in delaying...

What has Magna Carta to do with Risk Management?

Magna Carta will be commemorated in various ways this year, its eighth centenary.  Most of the emphasis will be about its political and legal implications.  And so it should be.  However, for those of us in business it has another significance. It was the beginning of...

Another example of being misled by statistics.

Among all the comment on the way results of the May Election differred from the predictions of the polsters, one comment stood out to me as being the most interesting. Was it because the sample was inadvertently biassed? Think how the data is gathered.  Do you ever...

Charity begins…at work?

Most people in business believe in helping charities and the Third Sector.  Usually this means giving money.  That IS what they most need is it not? Some businesses give by arranging a day, or several, when employees get time off to go and volunteer at a charity....

Are you using analogue or digital data?

For a long time, we have all been used to the need for ever more information about everything.  It is certainly true in Risk Management, as we try to assess risks and evaluate the effectiveness of control measures. We all know that to make sense of data we need to...