In June 2018, the International Organization for Standards (ISO) is expected to release a revision of ISO 19011, its Guide to Auditing Management Systems. The final draft is out. Based on it, a sea change is coming for all ISO certifications. However, the impact is not fully understood. This piece discusses some of the implications. Continue reading
Former Secretary of State Condoleezza Rice PhD. and Amy B. Zegart PhD. have written a book called Political Risk: How Businesses and Organizations Can Anticipate Global Insecurity. It has received good reviews. Having read the book, I would concur. It is an important book for those concerned with the increasing volatility and associated risk of the global economy. This piece discusses the relationship between Political Risk and Enterprise Risk Management (ERM). Continue reading
In January 2005, the California Legislature authorized the state auditor to conduct audits of state agencies to determine those that are at risk. The rationale for the authorization was that identification and mitigation of these risk would improve government efficiency and effectiveness. This piece looks at key aspects of the 2013 and 2018 high risk audits results and how the process of mitigating risk can link to broader risk management efforts. Continue reading
One of the interesting things I found, while doing research for the book, “Risk Based Thinking For Government”, is that Risk-Based Thinking (RBT) has permeated so many activities in government. RBT is a two-step process. The first step is to recognize that risks exist and to assess and prioritize them. The second step is utilizing the prioritized information to make decisions. Continue reading
When people think of best practice in government, two things come to mind, benchmarking and national award winners. While both represent best practice, there is another approach which is growing in use and importance. This is the Good Governance Framework. The Good Governance Framework is the concept of identifying and listing the best practices in government. Continue reading