#216 – HOW RISK INFORMED, DECISION MAKING CHANGED A LIFE – JOHN AYERS

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AAA-150x150Risk Based Informed Decision Making (RIDM) has a risk assessment as input as well as social and other benefits residual risks. This data or information empowers the person to make an informed decision. This following is an example of RIDM. Continue reading

#216 – CREATING A RISK AWARE CULTURE – BOB POJASEK

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AAIAAQDGAAwAAQAAAAAAAAuRAAAAJGJmZGQ0Njg0LWFlNDUtNDcyZC04MTVhLWJkNmM1Zjg1MGZmOQ-150x150The two most widely-used risk management system standards are ISO 31000:2018 and COSO ERM:2017.

ISO 31000:2018[i] presents eight ‘principles’ to provide guidance on the characteristics of having efficient and effective risk management, communicating its value, and explaining its intention and purpose.  These principles are offered as the foundation for managing risk and seeks the users’ consideration when establishing the organization’s risk management framework and processes. Continue reading

#215 – THE PROCRASTINATION FIX: TURN LAZINESS INTO PRODUCTIVITY – TYLER TERVOOREN

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Screen Shot 2018-08-28 at 7.54.23 AMThe problem: We normally think of procrastination as inherently bad. When we do it, we feel a sense of shame.

The solution: “Active” procrastination will actually make you more productive and happy. You should embrace it.

It was two weeks until the marathon and I still didn’t have my ticket to Greece. Then it was two days, and I still hadn’t replaced my shoes. Then it was two hours and my bag wasn’t packed. Continue reading

#215 – PROGRAMMATIC VS. PROJECT LEVEL OF RISK – JOHN AYERS

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AAA-150x150Enterprise Risk Management (ERM) is a relatively new concept. It is a top down approach to business system management and execution. It is designed to identify potential events and risks that can impact the organization. There are 3 levels to ERM. These are: Enterprise Level; Program/Project Level; and Product level. This paper explains the differences between the program and project level.  Continue reading