#171 – EXPLOITING NEW CHALLENGES IN ENTERPRISE RISK MANAGEMENT – GEARY SIKICH

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Untitled1-150x150Heightened Awareness or Reactive, Backwards Looking?

From financial crises to energy catastrophes to earthquakes and threats of terrorism, we hear a lot about events that challenge our ability to identify and manage risk.  Unfortunately some of the things that emerge from many of these events are reactive regulatory rules and requirements.

What this means is that businesses and governments need to be even more vigilant in their prosecution of enterprise risk management initiatives.  Private and Public Sector operations are complex and becoming more complex as more entrants to the global marketplace compete for fewer and fewer available resources at an ever quickening pace. Continue reading

#171 – YOU ARE A RELIABILITY LEADER – NOW MAKE A DIFFERENCE – FRED SCHENKELBERG

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ABC FredLeadership is not a position or title within an organization. It is an attitude.

You’ve seen the internet meme’s about the difference between leadership and management. There is a difference and while not everyone is going to be in top management, everyone can (and should) be a leader.

As a reliability professional, you are conveniently looked to for leadership. You are expected to use your knowledge and skill to solve problems. To help teams solve problems. To improve the reliability performance of your system and across your industry. Continue reading

#171 – WHAT IS GRC AND WHY USE COMPLIANCE MANAGEMENT SOFTWARE – GREG CARROLL

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team-carroll-150x150When starting out on the Compliance Management journey, understanding the alphabet soup of acronyms can be confusing.  Here we try to explain the terms, what needs to be done, and need for compliance management software in the process.
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#171 – ERM AND INTELLIGENT RISK – JAMES J. KLINE PH.D.

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aIMG_4231-150x150In the Baldrige Excellence Framework the term “Intelligent Risk” appears.  It is defined as: “Opportunities for which the potential gain outweighs the potential harm or loss to your organization’s future success.”  This definition expresses a concern that risk might inhibit innovation. With the addition of Enterprise Risk Management to the 2017-18 Framework has a condition been created where two best business criteria, innovation and risk management, might cancel each other out? More basically, does Enterprise Risk Management (ERM) inhibit innovation related risk taking? Continue reading

#170 – CONSIDERATION OF RISKS IMPROVES THE VALUE OF STRATEGIC PLANNING – J. WOODY STANLEY, MICHAEL GRAF, DANIEL FODERA

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Michael J. Graf P.E.

Michael J. Graf P.E.

Government agencies continually face the challenge of addressing complex societal problems with constrained resources. Among Federal agencies, strategic planning is a common practice that helps agency leaders identify their priorities and improve performance. While strategic planning does not guarantee they will foresee all future events and issues, a risk based strategic planning process is more likely to highlight emergent trends and, as a result, agency managers are better positioned to face an uncertain future. Continue reading