Author Archives: greg

#151 – OMB A – 123: HOW DID WE GET HERE AND WHAT DOES IT MEAN? – JAMES KLINE PH.D.

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aIMG_4231INTRODUCTION
In a recent e-mail in which he noted that of U.S. Office of Management and Budget (OMB) is issuing its update to Circular A-123 on July 15, 2016, Greg Hutchins, co-founder of the CERM Academy, commented “this is really big. The circular is entitle “Management’s Responsibility for Enterprise Risk Management (ERM)”. It requires all federal agencies to adopt ERM. ERM is a framework by which federal agencies can identify and mitigate risk. I agree with Greg, this will be big. Thus, it is worth stepping back and seeing some of the factors which lead to the adoption of ERM. Continue reading →

#151- LEADERSHIP TURNOVER RISK – ERIC SCHULSE

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A Eric“Elevated turnover among hospital CEOs seems to be a feature of the current healthcare environment,” says Deborah J. Bowen, president and CEO of the American College of Healthcare Executives. 

Leadership turnover is a known risk; thus, you should have it in your risk management program. Continue reading →

#150 – SOCIAL RESPONSIBILITY IS THE NEW BLACK IN RISK – GREG CARROLL

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GregCarrollEven more than reputational risk or cyber risk, social unrest is lining up to be a greater disrupter than any other issue. From Brexit to ISIS to race relations, civil unrest is shaping up to have a profound impact on business.  For the management of uncertainty on business objectives to be truly effective then risk needs to also include all items that disrupt the marketplace.  As such, Social Responsibility is the primary strategy to ensure business resilience. Continue reading →

#150 – ERM PLAYBOOK – FOR THE US FEDERAL GOVERNMENT – GREG HUTCHINS

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Greg HutchinsWe’ve been talking about ERM for the US Federal Government for a while.  While, the US federal government has been implementing risk management in many departments, operational ERM to all Federal agencies is a game changer.

The Executive Office issued Circular A 123 last month with the specific requirement that:

“The Administration has emphasized the importance of having appropriate risk management processes and systems to identify challenges early, to bring them to the attention of Agency leadership, and to develop solutions. …  Over the years, government operations have changed dramatically, becoming increasingly complex and driven by changes in technology. Continue reading →

#150 – FUTURE PROOFING – THE PROCESS OF ACTIVE ANALYSIS – GEARY SIKICH

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Untitled1-150x150Overview

The ability to effectively respond to and manage the consequences of an event in a timely manner is essential to ensure an organization’s survivability in today’s fast paced business environment. With the emergence of new threats, such as cyber-terrorism and bio-terrorism; and the increasing exposure of companies to traditional threats such as, fraud, systems failure, fire, explosions, spills, natural disasters, etc. an “integrated” approach to Business Continuity Planning is essential. Continue reading →