We conducted a risk assessment of new technology intended for fuel management in locomotives. The assessment was held at an early stage of the design, ensuring stakeholders’ concerns were captured and acceptance for the technology was gained before the company made a major investment in production.
Creating value from uncertainty
Broadleaf Capital International is a specialist risk management consultancy. Our expert team brings decades of experience, leading methods and a deep understanding of uncertainty and how it can be understood and managed. We operate around the world.
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We are sometimes asked if we are really an international company. We did a quick summary recently: we have worked on the ground in 40 countries; we have worked with companies and on projects located in 55 countries; and members of our team worked in another 12 countries before they joined Broadleaf.
Organisations use root cause analysis to learn lessons from both successes and failures, and then to develop plans that will improve performance. This tutorial describes consistent and systematic methods that can be adopted for learning lessons and generating improvements. It describes two methods: fishbone analysis, and cause and effect analysis.