on Risk & Safety

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

This article is the fifth of fourteen parts to our risk management series. The series will be taking a look at the risk management guidelines under the ISO 31000 Standard to help you better understand them and how they relate to your own risk management activities. In doing so, we’ll be walking through the core aspects of the Standard and giving you practical guidance on how to implement it.

In previous articles (1st, 2nd, 3rd, & 4th) we’ve looked at the core elements of the risk management framework generally, as well as the role of leadership and commitment, integration and design more specifically. In this article, we’ll be looking at how to effectively implement the risk management framework into your organisation.

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

A risk is an event or activity that can go wrong and cause an impact to the project. Risks can have a negative or positive impact to the project. Risks that have a positive impact are called opportunities. If they have a negative impact, they are called risks. A goal on a project is to try and balance risks and opportunities to mitigate the chance of cost or schedule growth.

There are two basic categories of project risk. They are the known and unknown. The known risks are the four project constraints (scope, cost, schedule, quality). Poor execution of these constraints is a major reason why projects fail. This paper addresses how to manage known risks.

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

This article is the fourth of fourteen parts to our risk management series. The series will be taking a look at the risk management guidelines under the ISO 31000 Standard to help you better understand them and how they relate to your own risk management activities. In doing so, we’ll be walking through the core aspects of the Standard and giving you practical guidance on how to implement it.

In previous articles (1st, 2nd, & 3rd) we’ve looked at the core elements of the risk management framework generally, as well as the role of leadership and commitment, and integration more specifically. In this article, we’ll be looking at how to effectively design your risk management framework.

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

This article is the third of fourteen parts to our risk management series. The series will be taking a look at the risk management guidelines under the ISO 31000 Standard to help you better understand them and how they relate to your own risk management activities. In doing so we’ll be walking through the core aspects of the Standard and giving you practical guidance on how to implement it.

In our previous articles (1st, 2nd) we introduced you to the core elements of the risk management framework. This included integration, design, implementation, evaluation, improvement, and the role of leadership and commitment.

In this article, we’ll be looking at integrating and adapting the risk management framework to your organisation. In particular, we’ll be focusing on how you can best understand your organization’s structures and context, appreciate the role of governance and strategy, appreciate risk management accountability, and the importance of being iterative and dynamic with your approach to integration.

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

This article is the second of fourteen parts to our risk management series. The series will be taking a look at the risk management guidelines under the ISO 31000 Standard to help you better understand them and how they relate to your own risk management activities. In doing so we’ll be walking through the core aspects of the Standard and giving you practical guidance on how to implement it.

In this particular article, we’ll be highlighting the role and importance of leadership and commitment to supporting robust risk management practices. We’ll also be looking at the benefits of such support together with some practical tips for doing so.

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

Reliability is designed into a product.  Poor reliability is long term, difficult and expensive to rectify because it is woven into the fabric of the product. That is why high reliability products require complete and accurate analyses, simulations, and models to be successful. High reliable components are essential as well. Single point failures are taboo but, in some cases, there is no way to avoid them.

This paper presents two examples of how to design single point failures for high reliability.

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

This article is the first in our risk management series. The series will be taking a look at the risk management guidelines under the ISO 31000 Standard to help you better understand them and how they relate to your own risk management activities. In doing so we’ll be walking through the core aspects of the Standard and giving you practical guidance on how to implement it.

In this particular article, we’ll be introducing you to the ISO 31000 Standards, the guiding principles, and outlining the risk management framework.

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

So long as there are products and services offered by an organization, there will be the existence of a sales force.

The basic fundamentals of selling are simple: a customer expresses a desire for something and, in turn, someone sells them a product or service to address that desire. Essentially, sales are how an organization converts a “want” into a “need.” While these fundamentals are timeless, they are rooted in a reactive process.