Category Archives: Government@Risk – Jim Kline

#314 – WORLD ECONOMIC 2021 FORUM GLOBAL RISK REPORT – JAMES KLINE PH.D.

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The World Economic Forum has conducted a Global Risk Survey since 2006. This is the fifteenth survey. The responses are from 650 members of the World Economic Forum. In the preface to the 2021 Global Risk Report it is noted that: “In 2006, the Global Risks Report sounded the alarm on pandemics and other health-related risks.” (1) With this context in mind, the 2021 risk analysis “centers on the risks and consequences of widening inequalities and societal fragmentation. In some cases, disparities in health outcomes, technology, or workforce opportunities are the direct result of the dynamics the pandemic created.” (2) Continue reading →

#312 – GREG CARROLL: FUTURE OF WORK – ERM – INTERVIEWED BY JAMES KLINE PH.D.

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Greg Carroll has a graduate degree in Operations Research from Swinburne University. He has a certificate in Machine Learning from Stanford University and in Data Science from the University of Michigan. He has over thirty years’ experience in Enterprise Risk Management. He has applied risk management techniques to IT and Artificial Intelligence systems in mission critical environments like the Department of Defense and Victorian Infectious Disease Reference Laboratories. Continue reading →

#309 – INSTITUTE OF INTERNAL AUDITORS PUSHES RISK BASED THINKING – JAMES KLINE PH.D.

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In 2019 Greg Hutchins and I co-authored an article (1) which showed how the finance, accounting and auditing professions are pushing the adoption of Enterprise Risk Management (ERM) in the public sector. In a forthcoming article in Quality Digest, I examine the strengthens and weakness of the quality and audit and accounting professions relative to involvement in and promotion of ERM.  In this piece I am going to examine the 2020 Institute of Internal Auditors’ (IIA) update of their Three Lines Model and how it both promotes ERM and positions auditors to take a more active role in ERM implementation. Continue reading →

#308 – VICTORIA’S NEW RISK MANAGEMENT FRAMEWORK – JAMES KLINE PH.D.

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Enterprise Risk Management (ERM) is considered an important management tool and part of good public sector governance in Australia. The Commonwealth of Australia and the states of Victoria and New South Wales have implemented ERM. In addition, the states of Tasmania and Western Australia have issued good governance frameworks which include risk management.  This piece will provide a historical overview of the risk management approach used by the Australian State of Victoria. It will then discuss the changes made in the 2020 revisions to its 2018 Victorian Government Risk Management Framework. Continue reading →

#308 – ANNETTE DAVISON PH.D. – FUTURE OF WORK – RISK MANAGEMENT – JAMES KLINE PH.D. INTERVIEWER

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Dr. Davison has more than 30 years’ experience in environmental management, integrated water cycle management and risk assessment.  Davison has more than 30 years’ experience in environmental management, integrated water cycle management and risk assessment. She is the Principal Risk Analyst and founding Director of Risk Edge® Pty Ltd. and co-founder and R&D Manager, D2K Information Pty Ltd. She received her PhD in Environmental Biochemistry and Microbiology from Macquarie University. Her most recent book is entitled: The Application of ISO 31000 to Drinking Water Quality Risk Management: A Practical Approach. It is published by Edge Pty Ltd, Sydney Australia. Continue reading →