Skip Ribbon Commands
Skip to main content
 
      

Risk, Issue, and Opportunity Management Community Homepage

  
  
Description
  
  
  
  
Risk ManagementRisk Management
Risk Management Process
Risk ManagementIn page navigation
Issue ManagementIssue Management
Issue Management Process
Issue ManagementIn page navigation
Opportunity ManagementOpportunity Management
Opportunity Management Process
Opportunity ManagementIn page navigation
Risk Mgmt Training OpportunitiesRisk Management Training Opportunities
List of courses and continuous learning modules that have Risk Management content.
Risk Management Training OpportunitiesIn page navigation
OSD Risk Mgmt InitiativesOSD Risk Management Initiatives
For USD(AT&L) BBP 3.0, DoD has collected a repository of risk-related case studies and lessons learned.
OSD Risk Management InitiativesIn page navigation
  
Picture Placeholder: MAXI DISLA
  • MAXI DISLA
02/1/2022 10:27 AM

ProbabilityManagement.org is a 501(c)(3) nonprofit dedicated to making uncertainty actionable through tools, standards, applications, and training.

What is Probability Management?

Probability management is the representation of uncertainties as data arrays called SIPs that obey both the laws of arithmetic and the laws of probability.

Cure the Flaw of Averages

ChanceCalc is a revolutionary Excel add-in that performs the arithmetic of uncertainty using the same keystrokes as those for numerical calculations. This cures the Flaw of Averages, a set of systematic errors that occur when uncertain forecasts are replaced by single “average” numbers.

Make Chance-Informed Decisions

Where arithmetic tells you that X+Y=Z, the arithmetic of uncertainty asks what you want Z to be and then estimates your chances. Chance-informed decisions display tradeoffs between a range of goals and the chances of achieving them. This improves collaboration by acknowledging the risk attitudes of diverse stakeholders.

Roll Up Risks and Opportunities Across the Enterprise

The open SIPmath™ Standard communicates uncertainties as actionable data, generated by experts using the SIPmath Modeler Tools, R, Python, or other environments. Just as electrification allows non-experts to use electricity generated by experts to power lightbulbs and appliances, non-experts may use SIPs in Excel or decision dashboards in a process we call Chancification. This ushers in a new approach to enterprise risk management in which risks and opportunities are rolled up like numbers in an accounting system.



https://www.probabilitymanagement.org/

https://www.probabilitymanagement.org/2019-annual-conference-videos

2/1/2022 10:27 AMNo
  
Picture Placeholder: PATRICK MORROW
  • PATRICK MORROW
35/30/2017 10:36 AM

​What would make this site more beneficial to you as a RIO practitioner?

MAXI DISLA10/28/2021 11:40 PMNo
  
Picture Placeholder: dau0435100356
  • dau0435100356
112/11/2020 11:26 AM

​I am teaching an introduction to systems engineering class and was wondering whether it is standard to consider risks to society at large (e.g. spreading COVID as a result of lax precautions or contributions to global warming).  This would be in contrast to focusing exclusively on risks the development and/or operations of the system (e.g. unreliablity of parts, a component not meeting TRL).  Any pointers to documentation or guidance would be very helpful.

MAXI DISLA12/11/2020 1:56 PMNo
  
Picture Placeholder: MAXI DISLA
  • MAXI DISLA
010/7/2020 5:06 PM

​Risk Management Webinar by Doug Hubbard describing many shortcoming of the most popluar risk management practices used today (including the DOD).

FREE to attend

https://2020.riskawarenessweek.com/talks/the-failure-of-risk-management/


10/7/2020 5:06 PMNo
  
Picture Placeholder: BENJAMIN BAULDREE
  • BENJAMIN BAULDREE
71/10/2018 3:56 PM

I joined a new USAF organization a few months ago​ and was assigned as risk manager for an upcoming program.  Currently, I'm using an excel file to document all the risks and then hand-jamming it all in to powerpoint for my review boards.  I'm trying to find out if there are any other USAF personnel that are currently using any risk management software.  I've gone through the list of tools provided on this sharepoint site, but unfortunately, a number of their websites are blocked and the others seem to not have been approved for use on DoD computers... I've heard the process to get software approved is extensive.  AFERMS (with ARM) looks promising but it doesn't appear to be free for use on USAF systems, nor does it show up on the approved software list for use on USAF computers (per my IT POC).

fudolimr8/5/2020 6:48 AMNo

 DAU Community Help Web Part

Tip: Sign in and then click 'Join this community' to become a member of this site.

What's happening
  
  
Don Riley (Don.Riley@dau.edu)Moderator/Editor
miranda.lewis@dau.eduSubject Matter Expert
PATRICK MORROWSite Owner
THOMAS PILLINGCommunity Leader
Chat with DAU Assistant
Bot Image