Wheel of Fire Hits Stack - A New Way of Visualizing Effective Risk Management

"We need effective risk management to make well-informed decisions and we need effective risk management to measure those decisions and, over time, sometimes a relatively short time, to challenge the status quo as our environments change and as we know and understand more.

Effective risk management, well-informed decisions, effective comparisons, meaningful measurements and accurate modelling are part of a continuous cycle – perpetual motion. We should present them as that – a wheel or cycle – rather than as a stand-still tower. "

Improving Risk Decisions
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