When innovation is truly adopted as a value everyone in the organization will be encouraged to take ownership and an active interest in its evolution.
At Bechtel, innovation is clearly captured in in our Vision, Values, and Covenants, and like safety, quality, integrity, diversity, and inclusivity, it is widely regarded within our organization as everyone’s responsibility. Continue reading
Risk management, as a practice and set of principles, has been utilised since the 1940’s; 70 years after its introduction what has been accomplished?
History of Risk
Historically risk was the product of the insurance industry to assess financial risks of the businesses they insured. As a sustainable practice it is best to know if your insured will cause financial ruin for your or make a significant negative effect on your profits. Risk was seen as a negative influence on business and should be eliminated. Risk was the practice used by business owners and boards. Continue reading
In brainstorming, you may face a large number of unique ideas even after affinity diagraming. Multi-voting is a great tool to gain consensus on the top priority ideas with your team.
For less than 10 or so items we could use a rank ordering method, yet that method becomes cumbersome when there are a lot of items to prioritize. There are a couple of ways to conduct multiple-voting. Mastering this technique will help your team quickly focus on what is truly important. Continue reading
The date is November 19th, 1863. A crisp autumn day in the fields of southern Pennsylvania in a little farm-town called Gettysburg. Just four months earlier, the fierce battle of Gettysburg raged there as the Union and Confederate forces clashed in what mark the decisive high-water mark of the Confederate efforts to separate from the United States and become their own country. Continue reading
ISO 31000:2018 is the world’s foremost risk management standard. The Standard provides guidelines, principles, framework, and a process for managing risk.
The standard explicitly states that it should NOT be used for certification or registration. But, it is.
So, what’s going on? We can only speculate. But, here goes: Continue reading