Speaking Of Reliability: Friends Discussing Reliability Engineering Topics | Warranty | Plant Maintenance Risk Planning
May 9, 2025
Greg and Fred dive into the complexities of risk planning in a world filled with uncertainty. They examine why many people shy away from proactive planning and identify risk aversion as a common hurdle. The duo discusses real-life examples, such as food sourcing strategies, that highlight the importance of community involvement. They also touch on the challenges organizations face when fostering a risk-aware culture. Listeners will learn how emotional intelligence can transform product reliability and navigate risks effectively.
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Community Water Risk Plan Failure
- Fred Schenkelberg shares how his community water system struggles to plan for risk, with others showing little interest in risk management.
- They default to accepting risks without concrete plans like trucking water during a crisis.
Risk Aversion Without Planning
- Most people and communities are risk averse but unprepared for when risks inevitably occur.
- They tend to avoid planning, leading to surprise when adverse events happen.
Chipotle's Avocado Risk Strategy
- Chipotle predicted rising avocado demand and mitigated risk by sourcing from different locations globally.
- This strategic diversification is a clear example of proactive risk management.