#30 – SOFTWARE DEVELOPMENT RISK – GARY GACK

GG-photo-20100224Hans Christian Anderson was on to something important and relevant to today’s risk environment … “Once upon a time there lived a vain Emperor whose only worry in life was to dress in elegant clothes. He changed clothes almost every hour and loved to show them off to his people.” Probably you know the gist of this story – flim-flam artists convinced the Emperor an imaginary fabric was actually beautiful, at least until “A child, however, who had no important job and could only see things as his eyes showed them to him, went up to the carriage.  “The Emperor is naked,” he said.” Continue reading

#30 – AN ISO APPROACH DESIGNED TO FAIL – T. DAN NELSON

T. Dan Nelson - Screen Shot 2013-09-06 at 8.16.28 PMISO 9001 demands effectiveness. For a defined management system to be ISO 9001 certified, it must be effectively implemented and it must effectively meet ISO 9001 requirements. Otherwise, conformity to the standard has effectively not been demonstrated. The problem: organizations failing to effectively demonstrate conformity to a basic ISO 9001 requirement nevertheless receive ISO 9001 certification. Continue reading

#30 – JIT VS. JIC INVENTORY DILEMMA – STUART ROSENBERG

Stuart Rosenber pixAs manufacturers are reaping the benefits of Lean and Lean Six Sigma or other continuous improvement processes within their facilities the importance of eliminating waste still hold sway.  So the question now facing these manufacturers is this:

Has the time come where Just-in-Time inventory levels need to be changed to Just-in-Case levels?  With the present and at least near future volatility of the economy this may prove to be the case.  The answer lies within each company’s own supply chain and decided upon based on each company’s individual requirements. Continue reading

#30 – LATEST ISO CERTIFICATE STATISTICS – GREG HUTCHINS

Greg Hutchins pixTake a look at the latest ISO certification statistics!  There are a few interesting trends:

  • ISO 9001 registrations continue to grow, albeit slowly.
  • ISO 14001 and sustainability are growing relatively steadily.
  • ISO 50001 and energy management are hot areas with faster growth.
  • ISO 22000 and social responsibility are growing as companies focus on the triple bottom line. Continue reading

#30 – HOW TO AGGREGATE RISK IN AN ERM SYSTEM – GREG CARROLL

GregCarrollEven after my recent webinar series on “Mastering 21st Century Enterprise Risk Management”, (www.fasttrack365.com/resources/videos), there continues to be confusion around how to aggregate risk in an Enterprise Risk Management (ERM) system.  Therefore some risk managers are now advocating that risks cannot be aggregated, but without aggregation ERM loses any meaning and purpose.  So if accepting the need to aggregate risk, both from business units to group and between diverse natures of risk, the basic question of how to aggregate risks returns. Continue reading