#242 – GO WITH THE FLOW – WHAT MAKES A GOOD WATER SUPPLY SYSTEM PROCESS DIAGRAM? – ANNETTE DAVISON

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Objective: to protect public health by supplying safe, quality drinking water to our customers

Risk: the effect of uncertainty on objectives. (ISO 31000:2018)

The Australian Drinking Water Guidelines note that assessment of the drinking water supply system, including understanding its characteristics, sources of hazard and risks, is an essential prerequisite for subsequent steps in which effective strategies for prevention and control of hazards are planned and implemented. A water supply system can be defined as anything from source to endpoint – the components of this system depend on the type of water product or service being delivered, the specific processes involved, the interested parties in the supply chain and the required regulatory and formal requirements. Continue reading →

#242 – AON GLOBAL RISK MANAGEMENT SURVEY – JAMES KLINE PH.D.

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Introduction

In earlier articles for Insights I discussed two risk-oriented surveys.  One conducted at the World Economic Forum was of the world movers and shakers.  The second was conducted by North Carolina State University. It reflected the responses of CEOs and senior managers. This article discusses the results of the Aon “Risk Management Survey” of risk managers.  Continue reading →

#242 – ADAPTIVE, ANTIFRAGILE, RESILIENT, OR JUST TRYING TO BE COMPLIANT – GEARY SIKICH

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Some interesting points about how organizations apply current standards such as Business Impact Analysis (Assessment) (BIA), risk assessment methodologies, compliance and planning has been written about lately.   Each author presents good arguments for their particular methodology.  Nassim Taleb created the concept of “Antifragile” because he did not feel that “resilience” adequately described the need for organizations to be ready to absorb the impact of an event and bounce back quickly.  Continue reading →

#242 – YOU ARE A SYSTEM OF UNIMAGINABLE COMPLEXITY – ALLEN TAYLOR

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Considering how complex human beings are, it’s a miracle that most of us are reasonably healthy most of the time. Our bodies consist of an intertwined set of functional subsystems.  We have:

  • A circulatory system
  • A digestive system
  • An endocrine system
  • A nervous system
  • A lymphatic system
  • A respiratory system
  • An immune system
  • A microbiome

Continue reading →