Last year, we reported that White House Office of Management and Budget (OMB – executive office) is requiring US departments to design and implement Enterprise Risk Management (ERM). The requirements are part of the OMB Circular A 11 Section 270 – Performance and Strategic Reviews.
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
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
Quality, system, and internal auditing are focusing on risk management, process control, process capability, and organizational effectiveness. These value added audits require more information to be collected and analyzed to evaluate value, risk, waste, effectiveness, and efficiency. As an organization moves toward value added auditing, the auditor or audit team will collect more information, conduct in-depth analysis, and obtain sufficient evidence in order to reach conclusions. Continue reading
Work is structure.
Anonymous
We developed WorkingIt.com to explain how work, careers, and jobs are evolving. The site’s tagline is ‘Brand U Work in the Disruption Economy.”
A full treatment of work, careers, and jobs is beyond the scope of this site and frankly beyond my abilities. Hopefully, this site offers a unique structure, my thoughts about how you’ll work due to the current epidemic of disruption and how you’ll progress in your Brand U career. Continue reading