The key challenge for risk professionals is no longer how to establish an enterprise risk management (ERM) program, but how to sustain its effectiveness. Often, ERM programs get off to a great start but soon lose their momentum because of certain missteps that occur. Continue reading
Depends! We’ve used both extensively. Here’s some top on the mind thoughts.
COSO ERM and ISO 31000 are both reliable risk management frameworks. We call COSO ‘ERM heavy’ and ISO 31000 ‘ERM light’. Continue reading
Change is inevitable. This is a statement that is understandable even if it is distasteful. Change can be stressful, exhilarating, or even liberating. It all depends on how it is approached and managed. Change disrupts the status quo, the patterns and rituals of life to which we become rooted. This is why in the midst of change one gets a feeling of being a ship without its rudder. Change, thankfully, can be managed. Here are a few tips on how to manage change so that it becomes an opportunity rather than a disadvantage. Continue reading
Many CRO’s come from compliance, legal, or finance areas. They do not know operations or quality. This person is critical to quality‘s success with ISO 9001:2015 in terms of providing risk approvals, direction, and resources. The quality department should be flexible and work with the CRO, specifically: Continue reading
The critical success factors for ISO 9001:2015 RBT are much like Six Sigma and lean. Our hard lessons learned over the last dozen years migrating organizations from quality to ERM include: Continue reading