ISO 9001:2015 was revised for many reasons. The International Organization for Standardization (ISO) cited the needs driving those changes:
In my May 2015 article on Risk-Based Thinking (RBT), I discussed the current state of healthcare related to risk and our current performance as a profession. Since that article, there have been other journal articles that showed improvements in our performance, related to risk, which we all know translates to patient safety. Today I see that 241 hospitals appeared on the CMS HAC (Hospital Acquired Conditions) list for the third year in a row. Continue reading
Just like the Brexit win 2 months ago, Donald Trump’s election as US President beggars belief but has some valuable lessons to learn from both a Risk Management and corporate governance perceptive.
Why is business now OK with Trump? It’s due to widely adopted view of billionaire Peter Thiel (co-founder of PayPal) to “take Trump Seriously, Not Literally”. Continue reading
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The $3.5 trillion U.S. Federal Government is one of the largest and most complex organizations in the world. Recently the Office of Management and Budget mandated all federal agencies to implement and integrate Enterprise Risk Management (ERM) into their strategic planning, strategic review and internal control processes (Revised OMB Circular No. A-123, July 2016). Continue reading
Yes, building risk culture is that easy! Before I explain, let me first clear few weird misconceptions about risk culture that have been floating around in the non-financial companies:
Making decisions under uncertainty is not natural for humans Continue reading