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Transcript of In slide show mode: slides advance automatically, fade-in, fade-out. Enjoy!
In slide show mode: slides advance automatically, fade-in, fade-out. Enjoy!
or
REALITY CHECK: Each of these disasters involved a
process flaw Systemkey™ competitors’ failed to catch.
If “their way” worked, we wouldn’t have:
Tacoma Narrows Bridge, Nov 1940$8MM cost to construct, lasted 4 months!Residual Risk: invalid scientific theories
Thalidomide, 1957-1962est. 1500 died/15,000 birth defects, $20MM trust fund
Residual Risk: invalid scientific theories
Tenerife, Mar 1977583 died, $110MM settlements, loss of two planes
Residual Risk: early take-off/lack of standard phraseology
Chernobyl, Apr 1986est. 985,000 event-driven, cancer-related deaths 1986-2004, cleanup
est. $605MM to-dateResidual Risk: failed communication, lack of training
Piper Alpha North Sea, July 1988167 died, $3.4B cleanup
Residual Risk: violated design parameters, lack of full maint status sit-rep
Mars Climate Orbiter, Sep 1999$125MM loss of spacecraft
Residual Risk: mix-up between English & metric units
Enron, Dec 2001$63.4B bankruptcy
Residual Risk: financial deception/fraud
MCI Worldcom, July 2002$107B bankruptcy
Residual Risk: financial deception/fraud
Fannie Mae/Freddie Mac, Sep 2008$291B takeover
Residual Risk: financial incompetence/deception/fraud
Lehman, Sep 2008$613B bankruptcy
Residual Risk: financial deception/fraud
AIG 2008-2009$182.5B bailout
Residual Risk: financial incompetence/deception/fraud
BP Deepwater, Apr 2010$40B cleanup+settlements
Residual Risk: untested, unproven processes
Costa Concordia Jan 201217 confirmed dead, 15 missing, $800MM vessel lost
+ ?? in settlements?Residual Risk: multiple process violations, lack of feedback (false
negative) on switching off approved route monitor
Three Mile Island, Mar 1979$1B cleanup, $1MM fine each day didn't deliver powerResidual Risk: confusing signage; faulty ergonomics
Kansas City Hyatt, July 1981114 died, 216 severely injured $140MM cleanup+settlements
Residual Risk: poor communication, fail to validate new drawings
Bhopal, Dec 19843,787 died, est. 3,900 injuries+birth defects
$470MM settlement, remaining envir cleanupResidual Risk: malfeasance, safety systems turned off
Questions?Thank you for your interest!
Matthew E. WeilertSystems Thinking Institute LLC
[email protected]+1-866-288-0530 North America+1-847-227-3006 International