Dear Readers:
Several recent items on the risk front:
The ISO 9001 (2015) discussion on the web is increasing weekly. Lots of questions. Few answers. Lots of confusion. If time permits, we’ll write a FAQ book. Remember 1.1 million companies globally are registered to ISO 9001.
Our promise to you: CERM Risk Insights will be the definitive source for ERM and risk information in ISO-Land. Visit ISO9000@Risk for the latest available information. Check weekly and stay tuned.
The second critical item is there are new discussions to integrate, replace, or reframe quality into risk in specific sectors before the ISO 9001 (2015). We don’t like this. But, it is happening in aerospace, automotive, telecom, pharma, cyber security, and other sectors. We think this is premature. But, the quality marketplace is running hard to risk.
This issue of CERM Risk Insights focuses on how risk is moving into specific sectors and how tools are changing as well. Good reading. Tell us what you think? Best,
Risk Decisions and Human Nature – Ed Perkins. We do the formal risk analysis. One problem. Humans make risky decisions. And, we’re all full of preconceptions and biases and stuff. Read this great piece on how and why we may screw up and what we can do to make better decisions. Read more at: Decisions@Risk.Health Product Risk Management: ERM vs. Product Risk Assessment – Edwin Bills. What do you do when there are two competing risk frameworks? Most/all companies will face this problem with ISO 31K and COSO or similar challenges. Read about one solution and start planning yours.Building a Risk Inventory to Prepare for Managing Project Risk (IV) – Howard Wiener. You can’t manage a project, operation, or function if you don’t know what can go wrong. So, you build a risk inventory. Howard has written 4 of the best pieces on the web for building a risk inventory. For additional pieces on building a risk inventory, visit: Projects@Risk.Risk Based Configuration Control – Linda Wesfall. There is a fine line between stability and flexibility in software development. Learn what the right level of control is. Read more on software at: SoftwareProductivity@Risk.
Quality Inputs to the 2013 Revision of COSO Guidance – Sandford Liebesman. COSO is the original ERM standard. COSO was largely financial. Companies are integrating it into operations and supply management. Sandy was the quality contributor to the 2013 Revision of COSO. If you’re leading a COSO or ISO initiative, this technical piece is a must-read. Read more at ISO9001@Risk.What Are the Risks of Self Driving Vehicles? – Paul Kostek. The future is here. And, it’s different than we think. We may be only a few years away from self driving vehicles. Read more at Design@Risk.Moment of Oh! What? – John Blakinger/Greg Ranstrom. Decision making if always difficult. The authors explain the first stage of their decision making model. For other articles in the Moment of Oh!, visit CommunityDecisions@Risk.