Is My Risk Matrix Evil?

Learn the FACTS about Risk Matrices, and get past the silly prejudice against them.

What you'll learn

Know the Answers to the Most Popular Questions about Risk Matrices

Understand Common Risk Matrix Problems

Understand How to Fix Common Risk Matrix Problems

Understand the Difference between a Good or Harmful Risk Matrix

Requirements

Basic knowledge of risk management is useful.

Description

My name’s Simon Di Nucci.I’ve been practicing as a system safety engineer for 25 years. I’ve worked in many domains, such as aircraft, ships, submarines, sensors, and command and control systems.  I've worked on rail and air traffic management systems, and I've done lots of software safety.This is one of a series of webinars that I have run on poular subjects.  In this session, we will cover:The Most Popular Questions about Risk Matrices.(Mil-Std-882E) Risk Matrix Problems & How to Fix Them.The risk matrix is based on two intersecting factors:The likelihood that the risk event will occur; andThe potential impact the risk event will have.In other words, it's a tool that helps you visualize the probability versus the severity of a potential risk.It brings together many different definitions & ‘measures’:•Severity (e.g. harm) & likelihood:Risk rating; andRisk acceptability*.*It may do so (in)consistently!Other webinar topics include: Foundations of System Safety, Hazard Identification, Causal Analysis, Failure Modes and Effects Analysis (FMEA), Hazard and Operability (HAZOP) studies, Software Hazard Analysis & Resolution in Design (SHARD) Studies, Hazard Logs and Hazard Tracking Systems, Workplace Hazards Analysis, System Safety within a Systems Engineering framework, and Safety Audit.

Overview

Section 1: Introduction

Lecture 1 Introduction

Section 2: Risk Matrix Webinar - Part 1

Lecture 2 Risk Matrices Part 1

Section 3: Risk Matrix Webinar - Part 3

Lecture 3 Risk Matrices Part 3

Section 4: Bonus Material

Lecture 4 Five Ways to Identify Hazards Webinar

Lecture 5 Causal Analysis Webinar

Anyone who wants to know FACTS about Risk Matrices, and get past the prejudice against them.