Quote of the Day

Posted by on Jul 29, 2011 in Quote of the Day | 0 comments

“’How do you know (risk analysis) works?’ This is the most important question we could ask about a risk analysis and risk management approach.” – Hubbard, Douglas W. (2009). The Failure of Risk Management: Why It’s Broken and How to Fix It (p. 13). Wiley. Kindle Edition. (36 Kindle Highlights)

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Quote of the Day

Posted by on Jul 28, 2011 in Quote of the Day | 0 comments

“The ultimate common mode failure would be a failure of risk management itself. A weak risk management approach is effectively the biggest risk in the organization.” – Hubbard, Douglas W. (2009). The Failure of Risk Management: Why It’s Broken and How to Fix It.

 

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Quote of the Day

Posted by on Jul 26, 2011 in Quote of the Day | 0 comments

“If you can define the outcome you really want, give examples of it, and identify how those consequences are observable, then you can design measurements that will measure the outcomes that matter.” – Hubbard, Douglas W. (2010). How to Measure Anything: Finding the Value of Intangibles in Business.

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Quote of the Day

Posted by on Jul 26, 2011 in Quote of the Day | 0 comments

“What really makes a measurement of high value is a lot of uncertainty combined with a high cost of being wrong.” – Hubbard, Douglas W. (2010). How to Measure Anything: Finding the Value of Intangibles in Business.

 

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Quote of the Day

Posted by on Jul 25, 2011 in Quote of the Day | 0 comments

“Rule of Five: There is a 93.75% chance that the median of a population is between the smallest and largest values in any random sample of five from that population.”  - Hubbard, Douglas W. (2010). How to Measure Anything: Finding the Value of Intangibles in Business.

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