Risk management

Global offshore decommissioning projects hear the starting gun in Australia and the North Sea, but will the race be a marathon or a sprint?
This paper discusses and demonstrates the limitations of quantitative risk assessments (QRA) with respect to the usefulness of the concept in managing day-to-day and emerging risks as well as the effect of change. The paper goes on to discuss improved solution sets compared with pure reliance on QRA.
“Riskwashing” refers to a situation where an organization engages in superficial or insincere actions to create the appearance of addressing a particular risk or issue without actually taking substantive action to address the underlying problem. This paper presents methods to identify and minimize riskwashing as an organizational response to incidents.

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