#190 – WALKING ON SHIFTING SANDS IN THE AGE OF UNCERTAINTY – GEARY SIKICH

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Untitled1-150x150 “To do something very dangerous takes a certain lack of imagination
 – Anonymous

Introduction

Governments and companies worldwide are emerging from the current financial crisis and subsequent recession.  While governments are crafting new regulations, businesses around the world are walking in shifting sand as risk exposures are high and new regulations will create compliance challenges.  According to a recent survey by Korn/Ferry International, corporate leaders are focusing more attention on risk management after what is considered by many to be excessive risk-taking during the boom times that factored into the global financial crisis. Continue reading

#190 – FEDERAL HIGHWAY ADMINISTRATION RISK BASED ASSET MANAGEMENT – JAMES KLINE PH.D.

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aIMG_4231-150x150Introduction

The 2012 Moving Ahead for Progress in the 21st Century Transportation Act (MAP 21) requires state departments of transportation to develop a Transportation Asset Management Plan (TAMP). The TAMP is to include a Risk Based Asset Management Plan (RBAMP). The two plans must be certified by the Federal Highway Administration (FHWA) by June 30, 2019.   Continue reading

#190 – THE ‘CHECK’ STEP OF A RISK MANAGEMENT FRAMEWORK – FRED SCHENKELBERG

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Planning and Implementing a risk ABC-Fred-150x150management framework is an admirable accomplishment. Now make sure it is running well and will do so into the future.

As with any process, there will be opportunities to make improvements. By monitoring and reviewing your program you will find what is working well and what is not. Continue reading

#190 – JUST A JOB SYNDROME – RISK TO JOBS PRESENT – MALCOLM PEART

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Malcom-Peart-pixYou’ve started a new project; or joined one that’s up and running or it’s nearing closure – and it’s going well.  With no problems to speak of, it’s business as usual; so stick to the plan and it will be all right in the end ‘cos nothing can go wrong.

Or perhaps there are problems; but all projects have problems!  It’s not your problem as the bid team, planning team, or those awkward stakeholders and ever present over demanding clients can be blamed. Continue reading

#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