Risk Management - A look back and a look forward

On 28 January 1986, the space shuttle Challenger broke apart 73 seconds into flight, leading to the tragic deaths of its seven crew members. As the doomed spacecraft disintegrated over the Atlantic Ocean, the paradigm of risk management shifted from reactive to proactive. Taxonomies, frameworks, methodologies and tools have evolved over time to meet the need to manage risk proactively. And while, 25 years later, the evolution of risk management has led to greater confidence in answering the reactive question, "Are we more at risk today than we were yesterday?", we face the stark realisation that we are not truly able to answer an even more important proactive question: "Will we be more at risk tomorrow than we are today?" ... READ MORE