Category Archives: Process@Risk™

#190 – DECODING THE RIMS RISK MANAGEMENT MATURITY MODEL – JIGNESH PADIA

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Picture1Let’s start with what is ERM? Enterprise Risk Management (ERM): is a process of planning, organizing, leading, and controlling the activities of an organization in order to minimize the effects of a risk to an organization. It expands beyond a daily run of the mill operational management! A true ERM program will have its scope expand to strategic, financial, reputational, human resource and business continuity as well as operational and legal risks. Most organizations, as they mature embark on a journey of establishing a robust Enterprise Risk Management (ERM) Program!  Continue reading →

#189 – CITY OF HOUSTON’S RISK ASSESSMENT PROCESS – JAMES KLINE PH.D., CERM

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aIMG_4231-150x150Houston Texas is one of the few local governments in the United States with an Enterprise Risk Management (ERM) based risk assessment approach. This policy was reviewed and updated in 2016.  This was the latest step in the city’s use of risk assessment.

From 1996 to 2004, the city outsourced risk assessment.  The assessment was performed every five years.  Beginning in 2009, the city’s audit department took over the assessment.  This article discusses the risk assessment process used by the City of Houston. Continue reading →

#185 – WHICH IS IT: A SYSTEM OR PROCESS AUDIT? – J.P. RUSSELL

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Russell-PIC7AIt seems that everyone knows the difference between a system and a process. We know processes and systems are related, but most of us aren’t sure when one begins and the other ends. ISO 9000 provides definitions, but they seem inadequate at times.

Understanding the differences between a process and a system is important for effective organization management and auditing programs. Understanding some of the dynamics will help in the development of value-added auditing strategies. Continue reading →

#184 – THREE MANAGEMENT METHODS TO HELP YOUR BUSINESS IN THE TRUMP ECONOMY – GARY HINKLE

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02WEB-144x150-144x150President Trump promises a more business-friendly government that should stimulate economic growth. Regardless of the actual economic growth in our future, here are three methods that will help your business increase profits if you depend on successful completion of projects to make money.

These are relatively simple concepts, but they require in-depth knowledge, consistent effort and discipline to get full benefit. Continue reading →

#183 – USING LEAN TO MAKE REAL CHANGE IN YOUR CONTINUOUS IMPROVEMENT ROLE – PAUL SERAFINO

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head-shot-225x225My name is Paul. I grew up in the northeast part of the United States, and have spent most of my life here. I went to college in New York and landed my first job right out of school as a process engineer in the Boston area.

That was 17 years ago. Continue reading →