CERM ® RISK INSIGHTS | Future of Quality: Risk™

#124 – PROJECT QUALITY REVIEWS AND AUDITS – MICHAEL STANLEIGH

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Posted on January 30, 2016 by greg

We have audited projects from a variety of industry sectors including: Manufacturing, Information Technology, Software Development, Insurance, Banking, Mining, Government and Universities. Despite the differences in their services and products, our approach to completing a project quality review & audit is similar. It requires about three (3) very intensive weeks to complete the in-depth quality review & audit and deliver the final report. Continue reading →

#123 – SHOULD MY KID GO TO COLLEGE? – VICTORIA LAI

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Posted on January 24, 2016 by greg

Nowadays, even an entry level job seems to require a college degree. But at what cost – to the student and to the parents?

So, you can guess what’s keeping me up at night! “Should my kid go to college?’ Or so, we have all been trained to think. Continue reading →

#123 – INCREASE ORGANIZATIONAL EFFECTIVENESS THROUGH PROJECT QUALITY REVIEWS & AUDITS – MICHAEL STANLEIGH

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Posted on January 23, 2016 by greg

Corporations throughout the world are losing billions in wasted project spending owing to their mis-management, poor quality processes, lack of knowledge in how to manage projects, etc. These projects are often not included in the normal auditing practices. Understanding the process of auditing projects, in addition to their other best practices; will positively impact the organization’s profits, shareholders and customers by ensuring well-informed decisions are made about their key projects. Continue reading →

#123 – MEDICAL DEVICE ATTACKS – JEFF HARRIS

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Posted on January 23, 2016 by greg

What cybersecurity threats are happening right now involving medical devices? In a word – malware. TrapX, a security company thoroughly examined three hospitals for the presence of malware. The results were astounding. They found malware in X-ray equipment, blood gas analyzers, CT scanners, and ventilators, as well as infusion pumps. Continue reading →

#123 – WHAT IS RISK? – GREG HUTCHINS

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Posted on January 23, 2016 by greg

Risk is an interesting concept because there are a number of definitions and interpretations. And this bears on quality because the lack of consistency can make deployment difficult.

Two elements to risk can be seen in the below definitions. There is upside risk and there is downside risk. Some risk definitions have this and others don’t.

Upside risk is opportunity risk, the reward that can be achieved in undertaking a new endeavor. Downside risk is the risk of loss. For example, project risk is the inability to achieve project objectives within cost, schedule, and quality constraints. Process risks are the risks of producing nonconforming products or services due to unstable and incapable processes. Continue reading →