A recent LinkedIn discussion started with the thought provoking question of what gets more recognition within most companies – issue resolution or risk management?
Are firefighters or those who prevent fires celebrated more?
Academically, no one argues about the criticality of risk management, and yet, if issue management is where all the focus and accolades are, why would people want to spend anything more than a modicum of effort in managing risks? Continue reading
If ISO 9001:2015 is effectively applied, auditors will no longer use a clause-by-clause approach to auditing QMSs. Dr. Croft of TC 176 addresses this issue directly while answering a question about the difference in audit approach expected of ISO 9001:2015. Continue reading
It you think that your SWOT analysis you use to identify the Strengths, Weaknesses, Opportunities & Threats in your business is adequate, beware. It is intended to provide a 360 view of your risks and opportunities but they often fail to fill that requirement due to superficial applications and failure to include interconnected systemic systems risks in the analysis. Continue reading
In the last decade we have seen the evolution of Risk Management from an administrative practice to ERM for corporate governance. But the realization that results come out of action not protection, people have started pursuing a more proactive role for risk management. Continue reading
Let’s say Pete’s company has been in business for over thirty years. Now ISO 9001:2015 comes out requiring risk-based thinking. Does that mean Pete must therefore engage in formal risk management, and that management must use a risk assessment tool to provide evidence of risk-based thinking? Continue reading