RIDM
RIDM, or Risk-Informed Decision Making, is a structured approach that integrates risk assessment into the decision-making process. It helps organizations identify potential risks and evaluate their impacts, allowing for more informed choices. By considering both the likelihood and consequences of risks, RIDM aims to enhance safety and efficiency in various fields, including project management and public policy.
This methodology involves gathering relevant data, analyzing risks, and prioritizing actions based on their potential effects. RIDM is particularly useful in complex environments where uncertainty is high, enabling stakeholders to make better decisions that align with their goals while minimizing adverse outcomes.