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How can you effectively respond to low-likelihood risks?
The term “low likelihood risks”, in my opinion, is technically incorrect because risk = likelihood * consequence So I think the question should be restated as how to manage the risk of 1) low likelihood and low consequence events/conditions- depending on the cost of preventing or mitigating them, then the most prudent approach could be to accept them. 2) low likelihood but high consequence- Typically the best option is to find a way to mitigate/manage the consequences of the event/condition.
Activity
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I’m thrilled to welcome the #AX4 crew to Houston! Today, Axiom Space proudly announces our partnership with India (ISRO), Poland (ESA), and Hungary…
I’m thrilled to welcome the #AX4 crew to Houston! Today, Axiom Space proudly announces our partnership with India (ISRO), Poland (ESA), and Hungary…
Liked by Amir Afzali
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We're proud to announce today that, "Nano Nuclear Energy Inc. (NASDAQ: NNE) Appoints Prominent Nuclear Reactor Licensing Expert Eric Oesterle as its…
We're proud to announce today that, "Nano Nuclear Energy Inc. (NASDAQ: NNE) Appoints Prominent Nuclear Reactor Licensing Expert Eric Oesterle as its…
Liked by Amir Afzali
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As I approach my final week at Novo Property Group, I reflect with deep gratitude on the experiences, learning, and growth I’ve gained during my time…
As I approach my final week at Novo Property Group, I reflect with deep gratitude on the experiences, learning, and growth I’ve gained during my time…
Liked by Amir Afzali
Experience & Education
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It's been a fun opportunity to contribute with so many great folks to NEI's Rapid High-Volume Deployable Reactor effort these past few months. Many…
It's been a fun opportunity to contribute with so many great folks to NEI's Rapid High-Volume Deployable Reactor effort these past few months. Many…
Liked by Amir Afzali
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In 2023, ESAB launched "Manager Corner," a comprehensive resource center tailored for managers, focusing on resources and content aimed at…
In 2023, ESAB launched "Manager Corner," a comprehensive resource center tailored for managers, focusing on resources and content aimed at…
Liked by Amir Afzali
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Welcome Dr. Peters! Very exciting to have leadership from Battelle, Idaho National Labs, Los Alamos, and Argonne at the helm. It's reassuring to…
Welcome Dr. Peters! Very exciting to have leadership from Battelle, Idaho National Labs, Los Alamos, and Argonne at the helm. It's reassuring to…
Liked by Amir Afzali
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Joseph B. Klecha IV Joins The Nuclear Company as Chief Nuclear Officer Learn more & get our take 👇 https://lnkd.in/gJiDVEdy “Joe’s eagerness to…
Joseph B. Klecha IV Joins The Nuclear Company as Chief Nuclear Officer Learn more & get our take 👇 https://lnkd.in/gJiDVEdy “Joe’s eagerness to…
Liked by Amir Afzali
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Excited to share our recent publication on "Integration of Level 3 probabilistic risk assessment for nuclear power plants with transportation…
Excited to share our recent publication on "Integration of Level 3 probabilistic risk assessment for nuclear power plants with transportation…
Liked by Amir Afzali
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Amazing to support these amazing young adults in our community with an experience they will remember for a lifetime and $500 scholarships. Idaho…
Amazing to support these amazing young adults in our community with an experience they will remember for a lifetime and $500 scholarships. Idaho…
Liked by Amir Afzali
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Please join us in welcoming back Dan Lipman, who has been appointed President for our Energy Systems business unit. He will oversee the deployment of…
Please join us in welcoming back Dan Lipman, who has been appointed President for our Energy Systems business unit. He will oversee the deployment of…
Liked by Amir Afzali
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"All countries should be looking at investing in nuclear now." — Former Deputy Energy Secretary Mark Menezes at The Nuclear Frontier's capstone event…
"All countries should be looking at investing in nuclear now." — Former Deputy Energy Secretary Mark Menezes at The Nuclear Frontier's capstone event…
Liked by Amir Afzali
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