I was surprised this week by a New York Times article: FAA Orders Airlines to Devise Plans to Identify Risks.
What’s the driver for these risk assessments? The International Civil Aviation Association (ICAO) is part of the United Nations. ICAO rules impact 191 countries. The US Federal Aviation Administration (FAA) is the US signatory to ICAO. As such, they are now mandating airlines to develop risk based plans, which are also called Safety Management Systems. Continue reading
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
British Standards Institution (BSI) recently issued an ISO 31000:2009 Statement of Compliance for Enterprise Risk Management (ERM) System to Tata Power – one of India’s largest integrated power companies.
What does this mean? This could be a game changer for ISO 9001:2015, ISO 31000, risk assurance, and BSI. Let me explain. Continue reading
How do you start your ISO 9001:2015 risk management journey?
You can use ISO 31000 framework as your guide. ISO 9001:2015 is a new ISO 9001 standard. However, organizations have been initiating Enterprise Risk Management programs for almost 10 years, largely in the financial and IT areas of the organization. Continue reading