It you think that your SWOT analysis you use to identify the Strengths, Weaknesses, Opportunities & Threats in your business is adequate, beware. It is intended to provide a 360 view of your risks and opportunities but they often fail to fill that requirement due to superficial applications and failure to include interconnected systemic systems risks in the analysis. Continue reading
The US Government, UN, and man national governments are moving to operational ERM. This is a critical departure since most ERM programs have focused on financial ERM – think COSO. Well, times are a’changing. See below quote from Federal News Radio: Continue reading
Though the Japanese Kamikaze air attacks in World War II did not change the War’s fate, the name stuck. To the West, it still means a quite horrifying kind of warfare, that we in the West face with Islamists.’ They’ destroy their life with a bomb in the attempt to kill, to eliminate ‘us.’
I dare say their strategy is pretty useless. We do more than enough to destroy ourselves by our own. Let me explain: Continue reading
A natural question to ask when something fails is “Why did it fail”?
The answer is not always obvious or easy to sort out. Some failures result from design errors, others are related to supply chain and assembly issues, and yet others occur because of seemingly random events (accidents, lightning strikes, etc.). As a reliability engineer, my concern is not simply accounting for end-of-life wear out; it is about meeting my customer’s reliability expectations. From design to failure analysis, by considering the range of possible sources I can identify and attend to the root causes that matter.