The agency is a government department charged with supporting agriculture as well as regulation, disaster planning and recovery. The agency wanted to identify threats and opportunities associated with climate change to help it develop strategic and business plans. A qualitative risk assessment was undertaken in two stages. This case study illustrates the use of iterative analysis to cope with the complexity of climate change scenarios.
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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Dr Dale Cooper was honoured to receive the Risk Engineer Achievement Award 2023, presented at the biennial Risk Engineering Society Conference, RISK 2023, held in Brisbane on 7-8 September 2023. In accepting the award, Dale Cooper reflected on how he started in risk engineering and described two lessons from his early work that are relevant today. He also provided three personal tips for those who are starting out in the profession (but are relevant for all risk engineers): learn from one another; never be afraid to ask very basic questions; and be inquisitive. An extended version of Dale Cooper's acceptance speech at the Conference dinner is contained in the full post.
Dr Dale Cooper spoke at the Risk Engineering Society Conference, RISK 2023, held in Brisbane Meanjin on 7-8 September 2023. His paper provided a short summary of the role of quantitative analysis of uncertainty in governance and decision making in large projects. It focused on the interaction between quantitative analysis and tollgate decisions at the end of each project phase, including the contribution of quantitative analysis to the decision support package (DSP) used by an investment review committee. It noted the different contributions of distributional outputs, sensitivity outputs and input data about uncertainties to specific parts of the DSP. Finally, it noted that cost and schedule uncertainty may not be the most important factors if the main focus of decisions is on project value.