In other pieces the Lloyd’s of London City Risk and the Natural Hazard Mitigation Saves studies were discussed. It was noted that both studies provide an assessment of the costs associated with the adverse impact of risk events. The Natural Hazard study focused on natural Hazards, while the Lloyd’s study incorporates both man-made and natural hazard risk events. Continue reading
The year 2017 was a good year for conducting risk mitigation studies. Two 2017 studies came out about the same time. In 2018, Lloyd’s of London and Cambridge published their 2017 risk assessment study. Several months earlier, the National Institute of Building Science published “Natural Hazard Mitigation Saves: 2017 Interim Report”. The Lloyd’s of London and Cambridge study are discussed in another piece. The differences between the two studies is that the Lloyd’s study is a global assessment. It also expands the risk perspective by including man-made and natural hazard risks. Continue reading
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