ROCKING THE PROJECT BOAT – NOT A CRIME, POSSIBLY A VIRTUE.
The project has hit a bad patch, it’s in a rut and the wheels are spinning; it’s not moving forward, and the rut is getting deeper. “When you’re in a hole – stop digging!” goes the project management adage because digging only makes the hole deeper and makes it more difficult to get out of both physically and figuratively. Continue reading
BP’s Deepwater Horizon costs total $62billion. BP said Thursday that it expects the pre-tax cost of its 2010 Deepwater Horizon explosion and oil spill on the Gulf Coast to total $61.6 billion. The 1989 Exxon Valdez oil spill costs exceeded $7 billion. At market close 25 July 2018, Facebook Inc. was worth $630 billion. A day later: $510 billion. Continue reading
For one reason or another, there are far more audits of a product, service or process than audits of systems. While system audits verify management system conformance or compliance, their more prevalent brethren focus on the verification of specific methods and product or service characteristics. Continue reading
Malls are going south in the U.S. General retail may also go the same way, unless shops transform themselves. Here’s our story why retail is facing an apocalypse.
My family used to own two businesses in different malls. The rent in the mall was ten times higher than a retail space outside the mall. Also, the retailer would have to sign a rental contract for five to ten years and every year the rent would increase. Continue reading
In my past two blogs, we have examined the risk-aware culture[i] and the risk management process[ii] as found in ISO 31000:2018 and COSO ERM 2017. This blog will address the third structural element defined by these documents – “risk management framework.” ISO 31000:2018 includes the risk management framework along with the risk-aware culture and the risk management process. COSO ERM 2017 is a risk management framework even though it addresses what ISO 31000:2018 addresses in its three-component risk management standard. Continue reading