#131 – RETIREMENT RISK CONSIDERATIONS – JOHN AYERS

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AAAIn my view, the major retirement consideration is sufficient income to maintain a similar lifestyle you enjoyed when working. If you recently retired or plan to do so within the next few years, it is probably too late to assess considerations to improve your retirement position because your retirement income is already cast in stone. On the other hand, if you have a number of years before retirement and wondering how you should prepare for it, keep reading because I offer some valid recommendations for you to ponder based on my own experience since retiring in 2012 at the age of 71. Continue reading

#131 – RELIABILITY MATURITY MATRIX – FRED SCHENKELBERG

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ABC FredThe concept of a maturity model is not new. A maturity model provides a means to identify the current state and illuminate the possible improvements to a reliability program. The matrix serves a guide to assist an organization in improving its program.

The matrix has five stages. In general, the higher stages are most cost effective and efficient at achieving higher rates of product reliability performance. These stages—uncertainty, awaking, enlightenment, wisdom, and certainty—are described in the following. The complete matrix is posted at http://accendoreliability.com/reliability-maturity. Continue reading

#130 – WORST CASE TOLERANCE ANALYSIS – FRED SCHENKELBERG

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ABC FredWorst-case tolerance analysis is the starting point when creating a tolerance specification. It is a conservative approach as it only considers the maximum or minimum values of part variation—whichever leads to the worst situation. Setting tolerances such that the system will function given the expected variation of manufactured components improves that ability of the system to perform reliably. Continue reading

#130 – ISO 31000 ERM CERTIFICATES – GREG HUTCHINS

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Greg Hutchins pixBritish Standards Institution (BSI) continues to issue Enterprise Risk Management Certificates (ISO 31000) according to the Bahrain News Agency.   BSI issued a certificate to Gulf Petrochemical Industries Company (GPIC).

What’s interesting is that IS 31000 is for implementing a risk management framework NOT for certification.  But, the marketplace  is saying something else: there is demand for ISO risk certificates and certification.   Continue reading

#130 – WHO IS REALLY MANAGING YOUR PROJECT? – MALCOLM PEART

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Malcom Peart pixAs a client have you chosen to manage the project yourself or leave it to your Contractor or have you decided to utilise a consultant? If it’s too much to do it by yourself and Contractors are, well they’re contractors aren’t they… you have little choice but to engage a Consultant. Continue reading