Enterprise Risk Management (ERM) is a relatively new concept (been around 10-12 years). It is a top down approach to business system management and execution It is a risk-based problem solving and decision-making process. Everything is looked through a risk prism. Continue reading
Studies show most projects fail due to poor management of known risks. The known risks on a project are:
The question is how do we manage known risks better? Known risks can be significantly mitigated with application of basic Project Management methods and processes. Continue reading
Fifty years ago, having your own car was a sign of adulthood and your ticket around town. But that is all going to change within the next five to ten years due to rising CO2 levels and a new trend called Transportation as a Service. TaaS sits at the intersection of four technical macro trends. These are:
Businesses take risks to pursue opportunities. What is your risk appetite? This question has been asked by companies for years. Risk appetite is the amount and type of risk an organization is able to support in the pursuit of business objectives. Examples of successful high risk appetite companies are: Amazon; Uber; and Tesla. Continue reading
The COVID-19 pandemic has changed the world. Social distancing, face masks, confinement at home and other restrictions is the new norm. This will be the case at least for the foreseeable future as the economy re-opens. The long-term effects are yet to be determined. One change that is likely to emerge is to find a more efficient, less costly way to perform work with minimal workers to make up for lost revenue. Continue reading