There’s a mighty black and white, six minutes long documentary film enclosed to the Italian progressive rock band PFM / Premiata Forneria Marconi Stati di Immaginazione (States of Imagination) music album. Its title is La Conquista (The Conquest). It shows how a savage Indios tribe succeeds in building, with very poor means, a bridge crossing a very dangerous river, to ensure its survival. Continue reading
The authors of ISO 9001 recognize that dealing with risk is part of management, including quality management. The 2015 standard will require risk-based thinking (RBT) as part of systemic quality management, just as the process approach is part of systemic quality management. Good news: application of RBT, like that of the process approach, comes naturally to successful management personnel. Continue reading
In his book Decision Making: Risk Management, Systems Thinking and Situation Awareness, Dr Alan McLucas introduces the concept of the Risk Management Paradox: Continue reading
This is my personal opinion based on 11 years in risk management across 4 countries with different legislations, cultures and risk environments, so please be patient and try to make your disagreements less violent Continue reading
The notion that by outsourcing or contracting, you have transferred your risk to another party is a myth. If it isn’t core to the achievement of your objectives or if the expertise resides outside of your business then outsourcing is positive.
Senior executives, both in Government and Private Enterprise say “there is no need to worry about that risk – I have transferred that to the Contractor.” Continue reading