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You are here: Home / Archives for Articles / on Risk & Safety / CERM® Risk Insights

CERM® Risk Insights

by Greg Hutchins Leave a Comment

Solving Problems Before They Occur

Solving Problems Before They Occur

Guest Post by Patrick Ow (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

How to get better results by solving problems before they occur in a fragile world

When people think of problem-solving, their mind may instinctively jump to thoughts of things that are broken or things that need fixing.

Problem to most people is a matter or situation regarded as unwelcome or harmful and needing to be dealt with and overcome. [Read more…]

Filed Under: Articles, CERM® Risk Insights, on Risk & Safety

by Greg Hutchins Leave a Comment

Schedule Risk is a Major Reason for Project Failures

Schedule Risk is a Major Reason for Project Failures

Guest Post by John Ayers (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

Studies show most projects fail due to poor management of known risks. The known risks on a project are:

  1. Scope.
  2. Schedule.
  3. Cost.
  4. Quality.

How to minimize the schedule risk on a project is addressed in this paper.  The approach to do this is based on my 30 years of project and project risk management experience and knowledge.

[Read more…]

Filed Under: Articles, CERM® Risk Insights, on Risk & Safety

by Greg Hutchins Leave a Comment

Short on Resources: Where to Apply Your Focus

Short on Resources: Where to Apply Your Focus

Guest Post by Andrew Sheves (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

Effective execution is a matter of dealing with scarcity: a scarcity of time, a scarcity of resources, and scarcity of information (although too much information can also cause problems). Tools like a risk assessment help manage this scarcity by prioritizing things to allow you to better allocate resources on what’s most important.

[Read more…]

Filed Under: Articles, CERM® Risk Insights, on Risk & Safety

by Greg Hutchins Leave a Comment

ERM Implementation Requires Culture Change

ERM Implementation Requires Culture Change

Guest Post by John Ayers (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

Enterprise Risk Management (ERM) is a relatively new concept (been around 10-12 years). It is a top down approach to business system management and execution It is a risk-based problem solving and decision-making process. Everything is looked through a risk prism. 

I suspect that many of the companies that have adopted ERM have not implemented it to the fullest extent of its capabilities. The reason is it takes a cultural change to do so and many companies do not know how to do it. This paper by example explains how to change the culture in a company to fully and completely implement ERM. [Read more…]

Filed Under: Articles, CERM® Risk Insights, on Risk & Safety

by Greg Hutchins Leave a Comment

Change and Resistance Are Futile

Change and Resistance Are Futile

Guest Post by Malcolm Peart (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

Organisations exist in a dynamic world where business uncertainty and socio-political volatility can adversely affect their existence.  The mass of data available and the contradictory interpretations that can be made add ambiguity and complexity to the mix.  Our modern day organisations, or at least their management or leadership team realise, or should realise, that their operating environments are changing and, in order to adapt and survive, they too need to change.

[Read more…]

Filed Under: Articles, CERM® Risk Insights, on Risk & Safety

by Greg Hutchins Leave a Comment

How Less Data Can Give You Better Results

How Less Data Can Give You Better Results

Guest Post by Andrew Sheves (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

“Hi, I’m Andrew, and I have a weakness for data.”

There, I said it.

I love spreadsheets. I love national statistics. I love primary sources.

I could probably have completed my Master’s dissertation without an extension if I had just accepted that cited quotes were valid instead of looking for all the original sources*. And I don’t need to read the last three years of a company’s annual reports before I have a 20-minute call with them.

[Read more…]

Filed Under: Articles, CERM® Risk Insights, on Risk & Safety

by Greg Hutchins Leave a Comment

Poor Management of Known Risks is Major Cause of Failed Projects

Poor Management of Known Risks is Major Cause of Failed Projects

Guest Post by John Ayers (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

Studies show most projects fail due to poor management of known risks. The known risks on a project are:

  1. Scope
  2. Schedule.
  3. Cost.
  4. Quality.

The question is how do we manage known risks better?  Known risks can be significantly mitigated with application of basic Project Management methods and processes.

This article will address scope. The other known risks will be addressed in separate articles.

[Read more…]

Filed Under: Articles, CERM® Risk Insights, on Risk & Safety

by Greg Hutchins Leave a Comment

Delivering Outcomes, Building Trust

Delivering Outcomes, Building Trust

Guest Post by James Kline (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

On July 17, 2020, the American Council for Technology – Industry Advisory Council (ACT-IAC) issued a report entitled “Delivering Outcomes, Building Trust”.  The ACT-IAC is a non-profit educational organization established to create a “more effective and innovative government”. The report provides some ideas on how the United States Federal government can become “more resilient, adaptable, and responsive.” This piece will look at the report and its recommendations.

[Read more…]

Filed Under: Articles, CERM® Risk Insights, on Risk & Safety

by Greg Hutchins Leave a Comment

Electric Car Hidden Risk

Electric Car Hidden Risk

Guest Post by John Ayers (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

Fifty years ago, having your own car was a sign of adulthood and your ticket around town. But that is all going to change within the next five to ten years due to rising CO2 levels and a new trend called Transportation as a Service. TaaS sits at the intersection of four technical macro trends. These are:

  1. Autonomous vehicles
  2. Electric vehicles
  3. Connectivity
  4. Sharing economy

[Read more…]

Filed Under: Articles, CERM® Risk Insights, on Risk & Safety

by Greg Hutchins Leave a Comment

In Risk Management, It’s the Destination, Not the Journey

In Risk Management, It’s the Destination, Not the Journey

Guest Post by Andrew Sheves (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

A while back, I felt that pretty much everything was out of sync and I was highly disorganized. There was a growing list of undone things whether that was around the house, at work, with my family, or at the places where I volunteer.

It was definitely time for a reorganization.

A few weeks later, things were back in order (I even had time to write again), and a big part of my reorganization was refocussing on the systems I use for productivity.

[Read more…]

Filed Under: Articles, CERM® Risk Insights, on Risk & Safety

by Greg Hutchins Leave a Comment

Derecho. A Black Swan Event?

Derecho. A Black Swan Event?

Guest Post by Geary Sikich (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

On 10 August 2020 the US Midwest experienced a Derecho that brought widespread devastation to many areas.  A Derecho is a widespread, long-lived, straight-line wind storm that is associated with a fast-moving group of severe thunderstorms known as a mesoscale convective system.  Derechos can cause hurricane-force winds, tornadoes, heavy rains, and flash floods.  As depicted below the 10 August 2020 Derecho spanned serval states over a 12 hour period.

[Read more…]

Filed Under: Articles, CERM® Risk Insights, on Risk & Safety

by Greg Hutchins Leave a Comment

Have the Faith to Seize risk Opportunities

Have the Faith to Seize risk Opportunities

Guest Post by Patrick Ow (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

Have faith to seize on opportunities that come your way (but the risk is within us!)

Everyone has opportunities. But it is up to us to seize the opportunities that come our way!

There will be opportunities to build lives, to better ourselves, or to serve the community.

[Read more…]

Filed Under: Articles, CERM® Risk Insights, on Risk & Safety

by Greg Hutchins Leave a Comment

Get Smart of Your Risk Mitigation

Get Smart of Your Risk Mitigation

Guest Post by Andrew Sheves (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

Often, the end of the risk assessment feels like the end of the process and things start to ease off. Unfortunately, this is when the real work begins because, now that you have identified and prioritized your risks, you need to do something about them.

There are several options when it comes to dealing with a risk but it’s risk treatments I want to focus on here. These often go askew when mitigation measures aren’t designed carefully. This wastes resources and the risks aren’t reduced.

[Read more…]

Filed Under: Articles, CERM® Risk Insights, on Risk & Safety

by Greg Hutchins Leave a Comment

Quality 4.0: What Does This Mean for the Quality Profession?

Quality 4.0: What Does This Mean for the Quality Profession?

Guest Post by James Kline (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

In several pieces for Insights, I have discussed the decline of ISO 9001 certifications, the internal and financial problems ASQ is experiencing and the implications for the quality profession.  Recently I was on the ASQ website. There are several references to Quality 4.0.  This article will look at Quality 4.0 and its implications for the Quality Profession. It will also provide an update on ASQ’s financial problems and the possibility it will declare bankruptcy. 

[Read more…]

Filed Under: Articles, CERM® Risk Insights, on Risk & Safety

by Greg Hutchins Leave a Comment

Quality’s Journey to Create ‘Sustained Success’

Quality’s Journey to Create ‘Sustained Success’

Guest Post by Robert Pojasek (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

The initial journey to create “sustained success” got off to a difficult start in 1987 when the intent was for quality managers to implement ISO 9004 followed by ISO 9001 for certification purposes. ISO 9004 was viewed as being associated with TQM.  The extra work that was needed to fulfill TQM led organizations to use ISO 9001:1987 alone to certify their processes.

[Read more…]

Filed Under: Articles, CERM® Risk Insights, on Risk & Safety

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CERM® Risk Insights series Article by Greg Hutchins, Editor and noted guest authors

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