The project management body of knowledge generally focuses on scope management, time management and cost management. Risk management generally comes in at about 8th place out of the ten.
However risk management is potentially the biggest part of the project management planning process. Continue reading
Big data analytics are changing the way companies manage brands, monitor the quality of products, and measure the efficacy of corporate social responsibility programs. Social media has driven data creation exponentially. Google Analytics tells us that fourth-fifths of all new data is unstructured and growing at 15 times the rate of traditional enterprise data. More data is created in 2 days than was created before all of 2003.
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British Standards Institution (BSI) recently issued an ISO 31000:2009 Statement of Compliance for Enterprise Risk Management (ERM) System to Tata Power – one of India’s largest integrated power companies.
What does this mean? This could be a game changer for ISO 9001:2015, ISO 31000, risk assurance, and BSI. Let me explain. Continue reading
Nowadays risk management is getting more and more credits.
I don’t know if this trend is dictated by the increased number of unknowns the crisis is showing us, by an increasing management perception, or by something else.
What I clearly see is the frequent mention risk gets.
It is not my aim here, in a short article, to explain what risk management is.
Recently, a friend of mine, very fond of ancient history, while lying in the sun of southern France, posed a rather disquieting question: “how reliable are recounts of ancient historical events?”.
Her question was probably biased by the leisurely reading of many contradictory daily newspapers’ news, contradictory not only among newspapers but on the same newspaper, too. Continue reading