COFES 2012: The intersection of design and risk
We all address risk daily, each in our own way. In design, risk is a consideration in each decision we make. But how and when we think of risk needs to change, most notably our risk horizon is much lower than our reward horizon. That is, we’ll often take a larger risk if the consequences are further away from us. Expediency is often the heart of our shortsightedness.
At COFES 2012, we’ll explore the role of risk in design, the impact time-horizon plays, and what actions we can (or should) take in response.
The domain of COFES is the realm of software for design and engineering.
Our customers are those that create the world around us. They design the roads and bridges, the buildings we live and work in, the things we use and see around us.
The place to impact all of this is at the planning, design, and engineering stage. It’s where the leverage is. Our customers have the leverage to change the world.
The COFES community provides the tools to these people who have that leverage.
We’ve been able to absorb much change in the past. But today, with increased population, increased infrastructure, and increased global interdependencies, we have lost much of our flexibility to absorb such change without hardship. The reasons for this are understandable and to be expected. With our larger population we have less room to maneuver and have significant investments in infrastructure – all a result of unconstrained growth without concern for long-term consequences.
What’s worse, we may be having an impact that is resulting in such change coming more quickly – within a lifetime rather than over generations.
Change will come. And it’s not just weather that we have to adjust to. Changes will be painful to many – deadly to some; others will reap unexpected windfalls. The balance will shift.
What can we do about it? We can choose not to ignore it. We can think about longer term implications of our decisions and have longer term horizons for our planning.
We provide the tools to the people who have the leverage to implement change. We can help them innovate better.
At COFES, we ask “What can we do to make our customers more effective innovators?”
It’s not just about sharing best practices -- the bigger question is "How can we innovate in the development of better practices?”
Let's meet face-to-face and discuss these critical issues. We're all in this together.