ASQ Richmond Section 1104 - 11/9/2021 Virtual Meeting -- "What's Wrong With Risk Matrices & How To Improve Them"
7 to 8 p.m. - Section Business & Speaker Presentation
TOPIC: What's Wrong with Risk Matrices and How to Improve Them"
PRESENTER: J D Solomon, PE, CMRP, CRE
Most risk matrices are used incorrectly. Fortunately, common sense is usually applied to risk prioritization developed from risk matrices. But key questions remain – why are so many risk professionals incorrectly using risk matrices? And why are we spending so many resources on something that we should not trust? This month’s presenter will discuss what is wrong with risk matrices and provide practical tips for how to improve them. Correctly developing a risk matrix is a function of design, analysis, and administration. The misapplication of appropriate measures and scales is a primary reason that both the design and analysis of risk matrices is commonly incorrect. JD Solomon will share the top eight tips for improving risk matrices in practice. Use the Teams link below to hear more from JD and join in this conversation with the members of Richmond Section 1104.
JD Solomon, PE, CMRP, CRE is an accomplished facilitator, trainer, engineer, and planner. He is an active member in ASQ and is a leader in the ASQ Risk and Reliability Division (RDD). JD regularly presents webinars, sessions, and workshops in different ASQ forums. He is the author of the book "Communicating Reliability, Risk, and Resiliency to Decision Makers: How to Get Your Boss’s Boss to Understand."
His formal education includes a BS in Civil Engineering from NC State University a Master of Business Administration from the University of South Carolina, and Professional Certificate in Strategic Decisions & Risk Management from Stanford University. His active licenses and certifications Include: Professional Engineer (NC, SC, VA); Certified Reliability Engineer (CRE); Certified Maintenance and Reliability Professional (CMRP); Six Sigma Black Belt; and a Certification in Lean Management.
In addition to his technical practice, JD has also served on a number of executive roles, including Chairman of the North Carolina Environmental Management Commission, as a regional vice president of a Fortune 500 company, as a Town Manager, and as a local government interim Planning and Zoning Director.
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