Category Archives: risk

The Post-COVID-19 Blueprint (Part 3.2): The Seven Key Steps of Risk Management

Risk management vs Precautionary Principle.

The latter stops us doing anything because of the pssobilities of things going wrong.

It would have stopped almost everything electricity, bicycles, planes, trains and solar panels

The Risk-Monger

Risk management is a process, not a decision. In any situation involving an exposure to hazards (risk), there are a series of steps that should be taken to manage the process. These steps are taken on the basis of information, trust and agency. The goal of risk management is to protect the vulnerable (those most exposed to risks) while ensuring that the benefits (why the risk is taken) are delivered.

Section Two of the third part of my Post-COVID-19 Blueprint for a stable risk management strategy looks at seven key steps in a basic risk management process. It seeks to establish a clear alternative to the precautionary principle which has guided risk policy for much of the last two decades and which has failed catastrophically (as seen in our incapacity to manage the recent coronavirus pandemic risk in most Western countries).

Risk taking is something we do intuitively. Every step…

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Docilian Dreams and the COVID-19 Nightmare

An interesting blog on risk management and the Coronavirus.

Rather than overcomment I let him speak for himself , while I go off and take some risks

It goes totally counter to Rupert of Extinction rebellion  https://medium.com/@rupertjread/what-would-a-precautionary-approach-to-the-coronavirus-look-like-155626f7c2bd Who seems to want to shut down so many things. But he is just anti-risk

The Risk-Monger

Last year I wrote the only way to solve the present precautionary policy disaster is to “wait until the bodies start piling up”. With locusts ravaging East Africa and a coronavirus plague shutting down Western economies, maybe it is time to go back and see how the precautionary principle has fared as the (only) risk management tool in our policy toolkit. With a population naively assuming they were living risk-free lives having been reassured how their personal safety was managed by others, the coming crisis is going to hit hard.

Whatever happened to personal risk management, accountability and autonomy? Populations that have lost an understanding of risks are now incapable of dealing with simple hazard reduction measures. COVID-19 has taught us that two decades of precautionist-driven risk aversion has left an untrusting public without the capacity to protect themselves. Times of mass panic as we’re seeing today are not ideal…

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