Introduction
The United State Occupational Safety and Health Administration (OSHA) estimate that $60 billion is lost annually from workplace injuries and illness. Using their $afety Pays Program calculator, twenty Carpal Tunnel Syndrome injuries will cost a company $1,260,000 in direct and indirect costs. A single back injury would cost $101,933 total. This makes safety a prime target for risk analysis. Continue reading
INTRODUCTION
Increasingly organizations, both public and private, are recognizing that what citizens, customers, shareholders, legislators, and the financial markets think about their integrity or competency has a significant impact. In a 2014 Global Survey on Reputation Risk a majority of the companies were concerned about situations beyond their control that could affect the reputation of their companies. Continue reading
With the adoption of ISO 9001.2015 and the Office of Management and Budget’s (OMB) revision of Circular A-123, management of both the private sector and federal government must now pay formal attention to risk across their enterprise. In addition, the Government Accountability Office (GAO) has updated the “Standards for Internal Control in the Federal Government”, the Green Book, to better accommodate risk assessment. Continue reading
I recently completed my dissertation of the same title. The evaluative purpose of the dissertation was twofold. The first was to determine if, as the title indicates, star academics garner increasing returns for the university they work at. The second was to determine what criteria helps academics in obtaining National Institute of Health (NIH) funds. NIH provides the largest amount of federal funding for scientific research. As a result, receipt of NIH funds makes a significant contribution to university revenue. Conventional wisdom and some supporting research indicate that star academics bring in substantial amounts of grant money. They also attract a higher quality of supporting academics and graduate students. Continue reading
The ISO 9001.2015 standard is out. Two important questions are: How did we get here? What happens now? Greg Hutchins, a Risk and Quality Expert, in his book “ISO: Risk Based Thinking 2015 Edition”, says we have gotten here through an evolutionary process, which, because of VUCA (Volatility, Uncertainty, Complexity and Ambiguity), requires a greater assessment of the external environment than is the case with just a quality focus. Continue reading