#90 – SOME THOUGHTS ON EXPOSURE REDUCTION AND MITIGATION – GEARY SIKICH

UntitledExposure to threats, hazards and risks leads to vulnerabilities that an organization must deal with. Commonly these are addressed via a mitigation process. Once mitigation is accomplished, often times the organization feels that the risk, threat, hazard does not need to be revisited. However, as a result of the mitigation efforts on the part of the organization, the risks, threats, hazards reconfigure and re-emerge in a different form. In order for mitigation to be successful it has to be a constant and ongoing process that produces a resilience to the negative effects of risks, threats and hazards that are realized. Continue reading

#87 – TIME TO REVISE THE ISO 31000 RISK MANAGEMENT STANDARD – GREG CARROLL

GregCarrollWith the recent release of a new British standard BS 65000 on Organisational Resilience, and COSO’s announcement of a review of its 2001 COSO ERM framework, I believe that business is moving ahead of ISO 31000 as a necessary response the evolving business environment and accelerating rate of technical change; therefore there is a strong case for a taking a fresh look at ISO 31000.  Continue reading