CERM RISK NEWS #11
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#80 – FEDERAL ERM MANDATES – GREG HUTCHINS
“The White House is putting enterprise risk management front and center in its update to a key policy on internal controls expected later this year”
According to OMB’s A-123 Rewrite to Flip Risk Management on Its Head, Federal News Radio, February 11, 2015 Continue reading
#80 – RATING DERATING: HOW TO FIND VALUE – FRED SCHENKELBERG
Derating can be defined as a policy of deliberately understressing components to provide increased reliability. When properly incorporated into a design process, derating can make a significant contribution to reliability. Continue reading
#80 – STRESS HITS AGAIN – UMBERTO TUNESI
Stress hits again or The Five Year Syndrome.
I read that a UK business magazine published a study on managers’ resistance to job stress. According to this study, women managers break after five years on the job. M ale managers resist longer but they lose creativity and energy after the five year period.
Five years equal some 55 months work or 1,210 days, or 9,680 hours on average. Continue reading
#80 – ‘A QUALITY CONVERSATION’: A TWO MINUTE PLAY – T. DAN NELSON
Confusion surrounding ISO 9001 has caused many organizations across the globe untold troubles. The upcoming revision of ISO 9001, due later this year, offers yet another source of confusion: the concept of risk-based thinking (RBT). Some are responding to this new requirement with suggestions for companies to use risk assessment tools to provide (easy?) evidence of risk-based thinking. Continue reading