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Inherent Flaws in Risk Matrices May Preclude Them From Being Best Practices.

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Title: Inherent Flaws in Risk Matrices May Preclude Them From Being Best Practices.
Authors: Thomas, Philip1, Bratvold, Reidar B.1, Bickel, J. Eric2
Source: Journal of Petroleum Technology. Aug2014, Vol. 66 Issue 8, p106-111. 3p.
Subjects: Risk assessment, Petroleum industry, Loss control, Risk exposure, Due diligence
Abstract: The article focuses on risk matrices (RMs) that are the more commonly used tools for risk prioritization and management in the oil and gas industry. It is noted that a graphical presentation of the likelihood, or probability, of an outcome and the consequence should that outcome occur is an RM. It is mentioned that green, yellow, and red-colored cells are present in RMs.
Database: Engineering Source
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  Availability: 0
Header DbId: egs
DbLabel: Engineering Source
An: 97429505
AccessLevel: 6
PubType: Periodical
PubTypeId: serialPeriodical
PreciseRelevancyScore: 0
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  Data: Inherent Flaws in Risk Matrices May Preclude Them From Being Best Practices.
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  Data: The article focuses on risk matrices (RMs) that are the more commonly used tools for risk prioritization and management in the oil and gas industry. It is noted that a graphical presentation of the likelihood, or probability, of an outcome and the consequence should that outcome occur is an RM. It is mentioned that green, yellow, and red-colored cells are present in RMs.
PLink https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=egs&AN=97429505
RecordInfo BibRecord:
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      – Code: eng
        Text: English
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        PageCount: 3
        StartPage: 106
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      – SubjectFull: Risk assessment
        Type: general
      – SubjectFull: Petroleum industry
        Type: general
      – SubjectFull: Loss control
        Type: general
      – SubjectFull: Risk exposure
        Type: general
      – SubjectFull: Due diligence
        Type: general
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      – TitleFull: Inherent Flaws in Risk Matrices May Preclude Them From Being Best Practices.
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            NameFull: Thomas, Philip
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            NameFull: Bratvold, Reidar B.
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            – D: 01
              M: 08
              Text: Aug2014
              Type: published
              Y: 2014
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