What is Risk? Many people think about risk as the potential impact of an exogenous event, like a hurricane or an auto accident. However, it is much broader than that. Risk is uncertainty with respect to attainment of a desired result.
Management, according to Wikipedia, is “. . . the function that coordinates the efforts of people to accomplish goals and objectives by using available resources efficiently and effectively.” Continue reading
Yes. The COSO definition of control supports and reinforces ISO 9001:2015 control requirements, specifically both frameworks are:
The key challenge for risk professionals is no longer how to establish an enterprise risk management (ERM) program, but how to sustain its effectiveness. Often, ERM programs get off to a great start but soon lose their momentum because of certain missteps that occur. Continue reading
Many engineers and managers developing products or maintaining equipment seem to be afflicted with “knowledge apathy” concerning reliability. “They don’t care!” is a posted comment I have seen in Linkedin. Has this happened? Have we lost the ability to care about reliability? Continue reading
GRI believes that better business decisions can be made by leveraging sustainability reporting information. With four new strategic priorities to enable transparency, informed decision making and trust, GRI takes its next big leap forward as a leader in sustainability reporting. Continue reading