General Motors announced a few months ago it was setting a Board level committee to provide continuing oversight over operating risk. Take a look at Risk Committee Charter. It points to the future of operational governance.
Why? GM had a recall of 2.6 million vehicles due to ignition switch problems. The defective switch was linked to accidents that may have killed at least 13 people. Continue reading
WOW! I thought that I knew a lot about RISK MANAGEMENT and boy was I wrong. I was in a five day BOOT CAMP taught by Greg Hutchins and Ed Perkins.
There are many tools and definitions that must be identified, learned and then used to reduce RISK and CONTROL variation. Eliminate uncertainty in your entire organization is a MUST DO. Continue reading
Publicly announced breaches of secured information are so common today that they almost seem routine. Last year, in the United States alone, financial companies like JPMorgan Chase and retailers such as Target and Home Depot were victimized by information system hackers that allegedly gained access to the confidential data of millions of businesses and consumers. Continue reading
I’ve already written a few lines on the Risks connected with Logistics processes. As our business world becomes larger and larger and ever increasing quantities of merchandise are stored in faraway parts of the globe and moved from one part to another, we can’t afford to ignore that Logistics processes represent Risks by themselves. Continue reading
The project management body of knowledge generally focuses on scope management, time management and cost management. Risk management generally comes in at about 8th place out of the ten.
However risk management is potentially the biggest part of the project management planning process. Continue reading