Archives For risk reduction

Often times we make decisions as part of a group and in the environment of the group there is a strong possibility that the cohesiveness of the group leads members to minimise interpersonal conflict and reach a consensus at the expense of crticially evaluating and testing ideas.

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One of the traditional approaches to reducing risk is to work on reducing the severity (S) of an accident rather than reducing the Likelihood (L) of occurrence. As the classical definition of risk is, Risk (R) = L X S, by reducing S we reduce the risk. Simple really… Continue Reading…