CERM Risk Insights #2

Readers:
This is our second CERM Risk Insights Newsletter.  We planned to be monthly however, a very busy summer of a CERM Bootcamp and consulting forced this late edition.  We have another Certified Enterprise Risk Manager Bootcamp in Seattle in September, 2012.  We look forward to hearing your comments:
 
Greg Hutchins
800.COMPETE
1.  What You Gotta Know About the Future of ISO 9001? Want to make money?  Want to know the future of quality? Want to know how you can position your career?  Well listen up: ISO 9001 is moving to become a risk management standard.  Read more.
2. Just in Case NOT Just in Time.  Slide deck on the counter intuitive idea that supply management, purchasing, and quality management are evolving into risk disciplines.  Read more.
 
3. Three Harmful Metrics and Two Helpful Metrics by (C) Capers Jones.  The cost of finding and fixing bugs or defects is the largest expense element in the history of software.  Bug repairs start with requirements and  continue through development.  …   Over a 25 year life expectancy of a large software system in the 10,000 function point size range almost 50 cents out of every dollar will go to finding and fixing bugs.  Read more.
 
Assessing the Risks of Risk Analysis by (C) Umberto Tunesi/Quality Digest.  Just a few reminders to start with: in the automotive supply chain, process failure mode and effects analysis (FMEA) must be based on – or at least must take into consideration – design FMEA.  This is the case whether a given supplier is responsible for the design or not.  Read more.   
5. Should You Stay or Go? by Elizabeth Lions.  Everyone considers leaving their job at some point.  As people, we want to be considered responsible.   Society encourages you to be responsible and rewards you accordingly.  No one wants to be considered the type of person that bails out when the company gets tough and cutbacks are made.  Read more.

6. On Risk – The Human Aspect of Technological Change by Dan Donahoe.  My favorite economics slide is hand-drawn depiction of the Malthusian Dilemma (run-away population) growth as drawn by a 1996 Nobel Prize in Chemistry laureate, the late Richard Smalley, who co-discovered a spherical carbon structure he named buckminsterfullerene after Buckminster Fuller, a futurist who both coined the term “spaceship earth” and invented the geodesic dome.  Read more.

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