Timothy Tiah aka Boss Stewie wrote in his recent blogpost about risk management (here). At first thought, it seemed logical. He said some companies arranged employees to fly in different planes to spread the risk so that the entire department will not collapse in the event a fatal accident takes place. However, something else came to my mind.
Does it not increase the risk to put employees in so many other flights? Say for example, if out of 100 flights, 1 plane crashes. If you put everyone in one flight, the risk is 0.01. But if you split them to two flights, the risk then increases to 0.02. So the more you split the team, the higher the risk of boarding into a crashing plane. Make sense?
Of course, my risk calculation is rather unconvincing since I'm not even qualified to count. I think the companies who practice such risk management is quite practical. There should always be a backup plan. I should probably think of one soon.
