ISO 31000 is organized around 11 risk management principles. A management principle refers to a fundamental idea, rule, or truth about a subject. ISO 31000 risk principles serve as the guideline, method, logic, design, and implementation for the risk management framework and its process. Continue reading
HOW TO ESTIMATE RELIABILTY EARLY IN A PROGRAM
In a few discussions about the perils of the mean time between failures (MTBF), individuals have asked about estimating MTBF (reliability) early in a program. They quickly referred to various parts count prediction methods as the only viable means to estimate MTBF. Continue reading
In today’s vastly complex economic landscape, many companies would like to be the “disruptor” instead of being the “disrupted” — that is, they want to find a new niche in a certain industry, a problem no one’s yet been able to solve or one nobody’s aware of, and they want to exploit this niche and solve this problem, thereby upending their industry with next-gen technology and unprecedented business methods. Continue reading
Here in Seattle we’ve had several interesting incidents/accidents with personal UAVs (unmanned aerial vehicles) or drones.
In one case a person flew their UAV into the Space Needle, no damage and no one was hurt; at a parade an operator lost control and hit and knocked out a parade attendee and the operator was cited by police; UAV stuck on power lines over a lake, result – power turned off and UAV recovered at a cost of $35K and the operator was not found; and just recently a UAV was flown into the Ferris wheel on the waterfront, no damage to the wheel though a table on a nearby deck was destroyed. Continue reading
The 2015 revision of ISO 9001 adds the concept of “Risk-based Thinking” to quality management systems (QMS) requiring registered organizations to “determine the risks and opportunities” needed to ensure that the QMS achieves expected results and improvement. Clause 6.1, (Actions to address Risks and Opportunities), is one of several clauses created by ISO’s new “high level structure” designed to produce a common format and base level text within its catalog of management systems standards. The addition of risk-based thinking is a welcome addition to ISO 9001, currently the largest selling standard in the world and applicable to any organization seeking third party registration of their products and/or services in the marketplace. Continue reading