#62 – EMERGING RISKS II – THE BLACK SWAN SYNDROME – GREG CARROLL

GregCarrollIn part 2 of my analysis of the ISO 31000 forum on “Does anyone really understand Emerging Risks?” I look at the 3rd question: How do you manage the unknown?

Black Swans are a native of Western Australia and as prevalent in Perth as “Black Swan events” these days. The obvious answer is once an Emerging Risk has been identified it becomes a material risk and needs to managed as all other risks in your risk inventory.  So why all of the focus on Emerging Risks then? 

Continue reading

#62 – RETHINKING SECTOR SCHEME RELATIONSHIPS – T. DAN NELSON

T. Dan NelsonEvery revision of ISO 9001 invites a revision to the sector schemes based on it.  For example, the aerospace and defense industries’ AS9100 relies on ISO 9001 as its foundation.   So does the auto industry’s ISO/TS 16949. When ISO 9001 changes, sector schemes need to change with it if they are to remain sector schemes.  With the upcoming revision of ISO 9001 expected in 2015, we hear grumblings from some sector schemed industries about wanting to part ways with ISO 9001.  Maybe they never should have become so intimate in the first place. Continue reading