Center for Risk analysis informed decision engineering
Hazards and the risk they pose to the outcome of any endeavor are a fact of life.
RAIDE ENABLES a SYSTEMS Approach to incorporate risk into decision making in order to increase success
While no endeavor is risk-free, the failure to proactively identify and assess risks; adequately and systematically communicate them to all relevant parties; and then use this knowledge to engineer solutions that result in an outcome that reduces risk to an acceptable level is necessary to achieve desired outcomes.
Decisions leading to undesired outcomes (financial, human, political, reputation) are all too common. Unfortunately, it is also common that the parties that both made these decisions or were impacted by these undesired outcomes viewed them as unexpected when they occurred. Even worse, because they were unexpected they were unprepared for their occurrence further magnifying the extent and the impact to the individuals, organizations, and society as a whole.
RAIDE’s Mission is to improve the outcome of decisions that are made during all phases of a project or system life-cycle.
Decisions are made from planning through design and operation; and by enabling these decisions to be informed by and predicated on a deliberate and proactive identification and assessment of hazards and risks increases the probability of success.
RAIDE is focused on improving how assessment and evaluation of risks are optimally incorporated into the decision processes that maximizes the utility and success of all activities ranging from planning to design through mature operations.
RAIDE’s goal is to provide the tools, techniques, and methods that lead to risk-informed decisions which prevent or minimize the occurrence of unexpected or undesired outcomes.
To achieve this goal, it is critical to identify, assess, and mitigate risks in a on-going process so that the ultimate level of residual risk is appropriate and understood by all stakeholders involved. This goal can only be accomplished through timely, clear, and appropriate internal and external communication that results in risk assessment-informed decisions that are proactively well engineered.