Epicflow

MARCH 22, 2024

This article is inspired by the webinar featuring Epicflow co-founder Jan Willem Tromp and professor Mario Vanhoucke based on his latest book “The Illusion of Control: Project Data, Computer Algorithms and Human Intuition for Project Management and Control”. So, what do you need for an efficient risk analysis?

Risk Analysis 52

Risk Analysis Data Management Analysis 52

Tom Spencer

JULY 28, 2023

Consulting firms can bring expertise in technology assessment, data management, risk management, regulatory compliance, as well as acting as a catalyst for change. Consultants can evaluate existing systems, infrastructure, and data capabilities to identify areas where AI-based systems can be leveraged effectively.

Operations 78

Operations Energy Data System 78

Epicflow

FEBRUARY 15, 2024

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. Data-driven decision-making In a highly risky and uncertain environment, it’s essential to make reasonable decisions.

Management 52

Management Strategy Strategy Strategy& 52

Epicflow

JUNE 10, 2022

Finally, increased digitalization carries cybersecurity risks that can put sensitive data as well as a project’s safety at stake. . Risks specific for the aerospace and defense industry. The classifications of risks mentioned in the previous section will also be useful to determine possible threats. . Dawson, Scott.

Engineering 98

Engineering Management How To Risk Analysis 98

Epicflow

MARCH 22, 2023

Poor risk management In times of instability and uncertainty, projects are vulnerable to negative risks more than ever, which highlights the need for thorough risk analysis and preparation to respond to them beforehand. Cost Cutting: Importance of Strategy, Risks Posed. References Kenton, Will.

Resources 90

Resources Management Efficiency Operations 90

Comatch

MAY 16, 2022

The European Union will start to demand carbon footprint data from 2023 and introduce a carbon border tax from January 2026. Companies need to start acting now to get data for compliance in 2023 and take this opportunity to assess carbon risks and mitigation actions together with suppliers.

Chemicals 52

Chemicals Energy Metrics Industry 52

Harvard Business

AUGUST 1, 2018

More recently, a study compared the commonly used crime risk analysis tool COMPAS against recidivism predictions from 400 untrained workers recruited via Amazon Mechanical Turk. Sampling bias may produce models trained on data that is not fully representative of future cases. Pair data scientists with a social scientist.

Data 29

Data Training Training Metrics 29