EFQM and Baldrige are the two best in the world Performance Excellence Models.
This is the second part in the series of three articles focused on Performance Excellence Models. We are comparing the Baldrige Performance Excellence Framework and the European Framework for Quality Management (EFQM) Excellence Model and we show a higher level paradigm of similar best practices and approaches.
This is the first part in a series of three articles focused on Performance Excellence Models. We are comparing the Baldrige Performance Excellence Framework and the European Framework for Quality Management (EFQM) Excellence Model. The result is that we can show a higher level paradigm of similar best practices and approaches.
Uncertainty and risk are often used interchangeably, however, they are different.
Is understanding the difference between risk and uncertainty really that important? Yes, especially when developing a management or project plan. Risk is a known or anticipated event with an unknown outcome. Uncertainty is an event that may not be anticipated. A good plan includes mitigations for anticipated risks. Continue reading