You Can’t Live Without It

You Can’t Live Without It

There are many examples in history that demonstrate key information never making it to the top executives, resulting in utter disaster. Perhaps most famous is the known issue with a part called the O-ring in space shuttle Challenger. Before the space vehicle’s launch...
What is Risk Management?

What is Risk Management?

Before we begin to describe what risk management is, we must first understand what risk is. Simply put, risk is an event that has a less than 1 probability of occurring, meaning that it is uncertain to occur. Although risk often connotes a potentially negative impact,...