Most of us travel by air and have probably wondered about the safety aspects of this mode of transportation, especially in light of the almost daily news media reports of accidents, terrorist plots, problems involving aircraft crews etc. The 737 MAX debacle alone would give anyone pause! This guide gives a broad picture of how the entire aviation industry works and will hopefully shed some light on the question “how safe is it?”. Continue reading
Author Archives: greg
#258 – THIS IS YOUR BRAIN ON RISK – ANDREW SHEVES
Featured
There are lots of things that are hard about risk and risk management: you are often dealing with abstracts and potential events; showing success can be challenging when your job sometimes means nothing happens; you might not be seen as adding value Continue reading
#257 – INSTITUTE OF INTERNAL AUDITORS 2020 RISK SURVEY – JAMES KLINE PH.D.
Featured
The Institute of Internal Auditors (IIA) just issued “On Risk: A guide to Understanding, Aligning, and Optimizing Risk 2020”. This is the first risk assessment survey conducted by IIA. It is also the first survey which includes responses from board members, the C-suit and the Chief Audit Executive (CAE). This article looks at the results of the survey and its implications. Continue reading
#257 – AENOR: ISO 31000 RISK MANAGEMENT CERTIFICATIONS – GREG HUTCHINS
Featured
You may be thinking this can’t be right. ISO 31000 is a guideline document. ISO 31000 – 2019 explicitly states that it is NOT for certification.
Well things change.
AENOR offers an ISO 31000 certification.
AENOR is the Spanish Association for Standardization. It is global Certification Body. It has 20 offices in Spain, almost 600 employees and almost 19,000 management system certificates.[1]
#257 – HOW TO MANAGE KNOWN RISKS – JOHN AYERS
Featured
There are two categories of project risk:
- Known risks
- Unknown risks
Known risks comprise:
- Scope
- Cost
- Schedule
- Quality
Unknown risks are the uncertainties and variations that surround every project. For example, an unplanned labour strike at one of your major subcontractor’s. Continue reading