In June 2018, the International Organization for Standards (ISO) is expected to release a revision of ISO 19011, its Guide to Auditing Management Systems. The final draft is out. Based on it, a sea change is coming for all ISO certifications. However, the impact is not fully understood. This piece discusses some of the implications. Continue reading
Introduction
The 2012 Moving Ahead for Progress in the 21st Century Transportation Act (MAP 21) requires state departments of transportation to develop a Transportation Asset Management Plan (TAMP). The TAMP is to include a Risk Based Asset Management Plan (RBAMP). The two plans must be certified by the Federal Highway Administration (FHWA) by June 30, 2019. Continue reading
Introduction
A Risk Register is a key product of the Enterprise Risk Management Methodology. The register provides information which allows them to prioritize the risk and to determine the action necessary to mitigate its impact.
This piece lists the major elements of a risk register. It also presents portions of the Strategic Risk Register for the City of Saskatoon Canada. The specific example comes from the inherent risk of Disengaged and Uninformed Citizens. Saskatoon is used because it has one of the better formats encountered so far. Continue reading
Introduction
Enterprise Risk Management is the process of determining what an organization’s operational risks are and the appetite that upper level management has for those risks. The idea is that by identifying the risks ahead of time, the risks can be avoided or mitigated.
Like all such procedures, the goal is worthy. However, there are weaknesses. One of the little recognized problems is how people react under stress. Continue reading
In the past two years, a number of global companies have been fined for committing major violations of law or safety regulations. General Motors (GM) was fined $35 million. A US Congressional investigation determined that GM engineers looking at ignition switch complaints, made a design change, but failed to issue a recall notice. Continue reading