article thumbnail

Reflecting on Heuristics

Steve Shu Consulting

What type of risk analysis have you done? For example, people often talk about a 4% drawdown rule/heuristic for using your wealth at retirement (e.g., use up 4% of your wealth each year). But one has to remember that using up your wealth is essentially an irreversible process. What happens if you live 40 more years?

article thumbnail

Main Risks of Aerospace Engineering Projects: How to Implement Wise Risk Management into Your Organization

Epicflow

To identify possible project risks, it’s reasonable to analyze historical data, consult stakeholders and the project team as well as perform simulations. The classifications of risks mentioned in the previous section will also be useful to determine possible threats. . Step 3: Analyzing risks. Risk Management in Engineering. .

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

AI-Powered Clean Tech: Transforming Business Operations

Tom Spencer

By providing technology assessments, data management strategies, risk analysis, regulatory guidance, and change management support, consulting firms can empower organizations to successfully adopt AI-powered clean technologies. Consulting firms can play a vital role in guiding companies through this transformative process.

article thumbnail

What You Need to Learn from DiGiorno Pizza’s Foolish Twitter Gaffe

Melissa Agnes

Had they taken the 10 seconds to do a risk analysis (or simply understand the use of the hashtag), “a million apologies” wouldn’t have been necessary. Only problem was, they didn’t take that quick 10 seconds to understand the meaning behind the hashtag before posting. A million apologies.

article thumbnail

#CrisisRoundup of Awesome Links: Week of September 8, 2014

Melissa Agnes

Help Prevent A Crisis With A Social Media Risk Analysis. Risk analyses are so important. Other articles worthy of your attention. 3 Important Takeaways from Emory University Hospital’s Ebola Controversy. Written by yours truly , this article discusses exactly what the title promises! I can’t stress that enough!

article thumbnail

TCIP #059 – The Human Capital Component Of Crisis Management, With Sam Miller

Melissa Agnes

An important question that should be added to your risk analysis – every time. This episode of The Crisis Intelligence Podcast discusses: The human and emotional factors that should be incorporated into your crisis preparedness and response.

article thumbnail

The Ultimate Guide to Manufacturing Project Management: Best Practices and Strategies

Epicflow

Plan for uncertainties and risks Remember that project plans should not be deterministic as if nothing is going to change during the work on a project. Also, it’s essential to prepare for uncertainties — e.g., include time and capacity buffers in your estimates.