Kevin Curry in an opinion piece for The Hill raised several issues which will ultimately impact the adoption of Enterprise Risk Management (ERM) in government. The article entitled “America’s public sector has a problem –
Continue readingI am a Senior member of ASQ, a quality professional association. I have two ASQ certifications. One, the Manager of Quality and Organizational Excellence (MQ/OE), is the highest general certification ASQ offers. The other is a Six Sigma Green Belt (SSGB). Over the past year or so, I have become concerned about the viability of ASQ. Some friends now liken ASQ to a Moose Lodges. While some lodges are still around, they are pretty much relics of earlier generations. Continue reading
Recently, Lloyd’s of London in conjunction with the University of Cambridge Center for Risk Studies, published the results of their global risk analysis. Lloyd’s document is entitled “Lloyd’s City Risk Index: Executive Summary”. Cambridge has entitled theirs “Cambridge Global Risk Outlook 2017”. This is their second risk assessment. The first was published in 2004. Continue reading
Former Secretary of State Condoleezza Rice PhD. and Amy B. Zegart PhD. have written a book called Political Risk: How Businesses and Organizations Can Anticipate Global Insecurity. It has received good reviews. Having read the book, I would concur. It is an important book for those concerned with the increasing volatility and associated risk of the global economy. This piece discusses the relationship between Political Risk and Enterprise Risk Management (ERM). Continue reading
One of the interesting things I found, while doing research for the book, “Risk Based Thinking For Government”, is that Risk-Based Thinking (RBT) has permeated so many activities in government. RBT is a two-step process. The first step is to recognize that risks exist and to assess and prioritize them. The second step is utilizing the prioritized information to make decisions. Continue reading