When I talk about digitization and digital advancement, I often mention what I refer to as the Three Digital Accelerators: bandwidth, storage, and processing power. These three technological tenets drive digital disruption and are increasing exponentially every year, and thanks to rapidly advancing technology, will continue to do so. Continue reading
Author Archives: greg
#109 – REQUIREMENTS DEVELOPMENT AND RISK MANAGEMENT – PAUL KOSTEK
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One of the keys to a successful project is having a set of requirements that are well defined and stable. We’ve all worked on projects where a lack of defined and controlled requirements has led to scope creep which result in schedule delays. Continue reading
CERM RISK NEWS #35
#108 – RELIABILITY GOALS: 4 KEY ELEMENTS – FRED SCHENKELBERG
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The reliability target, objective, mission, or goal is the statement that provides a design team with focus and direction. A well-stated goal will establish the business connection to the technical decisions related to product durability expectations, while providing clarity across the organization and enabling a common language for discussing design, supply chain, and manufacturing decisions. Continue reading
#108 – WHAT IS ERM? – GREG HUTCHINS
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ERM is a relatively new concept. There is a robust discussion among experts what it really means. Common ERM elements in most definitions include:
- Follows a Governance, Risk, and Compliance (GRC) approach to business. Continue reading