Failure to continuously improve processes across the enterprise faster than competitors creates insidious enterprise threatening risk. Not dramatic. It might just be death by 1,000 small cuts. Continue reading
The failed Risk Management practice of the ubiquitous risk matrix will finally be laid to rest in the 2020s. Vague subjective estimation of likelihoods and consequences will be replaced with Predictive Analytics objective predictions, based historical patterns and current trends, leading to informed risk based decision making. Continue reading
Being anticipatory often boils down to the ability to see what everyone else misses. How can you do that? One way is to simply look where no one else happens to be looking. And how and where you look can help broaden both your and your organization’s capacity for being anticipatory. Leveraging the Law of Opposites isn’t just about being contrarian or being different just for the sake of being different. Continue reading
This two-part article focuses on risk management of facilities and equipment. It describes how a risk-based approach to facilities and equipment management fits into an integrated, effective quality systems structure. The principles discussed are equally applicable to all quality systems. Facilities and equipment represent a broad range of risk to product quality and are one of the key quality systems commonly identified in the pharmaceutical manufacturing industry. Continue reading
What Is Risk Management?
Risk Management is the process of identifying, analyzing and responding to risk factors throughout the life of a project and in the best interests of its objectives. Proper risk management implies control of possible future events and is proactive rather than reactive. Continue reading