Modeling Complex Systems and Their VariabilityThe Monte Carlo approach relies on data that describe the variation of elements within the system. It also connects the elements such that the result is an estimate of performance. For reliability modeling this is easiest to imagine for a series system. Continue reading
Introduction
In the risk-neutral world, all business and government continuity planning would be risk-balanced. However, in reality, risks, threats, hazards and their consequences change depending on an organizations exposure, sensitivities to impact and other factors. For instance, a natural disaster, can occur without much warning and can have direct and indirect impact on an organization. Complicating the Business Continuity Planners life is a simple fact, events have unforeseen consequences that can rarely be planned for. Continue reading
The White House Climate Change Plan to Reduce Methane Emissions identified landfills as being responsible for 18% of all methane emissions and approximately 100 million metric tons of carbon dioxide pollution. [1] Baldor Specialty Foods, a leading produce distributor in the Northeast and Mid-Atlantic states based in the Bronx, NY, is on a mission to reduce these numbers by tackling the overwhelming problem of food waste in the United States. Continue reading
Ed Perkins is an electrical engineer and cyber security guru who is a candidate for 2017 President-elect of IEEE USA, the U.S. group of the biggest technical society in the world. Ed talks with us about what makes engineering cool, the importance of STEM, and the future of technology.
Ed Perkins CIA CERM is also the developer of the Certified Enterprise Risk Manager® – Cyber Security™ certificate and is an expert on the NIST Risk Management Framework. Continue reading
The President of the US has emphasized:“the importance of having appropriate risk management processes and systems to identify challenges early, to bring them to the attention of Agency leadership, and to develop solutions.”
The President’s Executive Office (Office of Management and Budget) is updating Circular A – 123 to ensure Federal executives and managers are effectively, efficiently, and economically managing risks that inhibit the agency from achieving its strategic and operational objectives.