We are rather good at being surprised when setting expectations for the future. This is the essence of risk. The difference between what we expect to occur or would like to occur, and what does…
In a customer’s mind, the product works or it doesn’t. If it doesn’t work as expected it has failed. This may or may…
Did you know that hot air doesn’t rise when there is no or very little gravity?
The electronics used to steer an oil exploration drill head 5 miles deep in the earth…
When something doesn’t work as expected, it is a failure. A common response to a failure by an organization is to restore the system or remedy the situation.
The term variance is a statistical concept related to the spread or dispersion of a set of data. Second to…
The world of risk management has a unique set of risk terminology.
Your ability to incorporate reliability concerns into the discussions concerning risk hinges on…
