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Home » Articles » on Risk & Safety » CERM® Risk Insights » Page 6

CERM® Risk Insights

by Greg Hutchins Leave a Comment

Why Agile Software Often Fails and What to Do About It

Why Agile Software Often Fails and What to Do About It

Guest Post by Howard M. Wiener (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

In the previous articles in this series, we discussed the role that agile digital delivery capabilities plays in your company’s competitiveness and why rapid delivery is so important.  In this article, we will look at the many reasons that Agile adoptions frequently fail to deliver what companies expect and suggest some things that you should do to address them.

[Read more…]

Filed Under: Articles, CERM® Risk Insights, on Risk & Safety Tagged With: Agile product development

by Greg Hutchins Leave a Comment

Safety is Integral to Engineering Education

Safety is Integral to Engineering Education

Guest Post by Bill Pomfret (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

All this knowledge, passed on for our Engineers, is of little use unless it reaches the right people. The individuals and institutions which educate the safety engineers and who will be responsible for the design and operation of plants handling hazardous materials have a duty to make their students aware of the hazards and at least to make a start in gaining competence in handling them.

As elsewhere in engineering, computers are in wide-spread use in the design of process plants, where computer aided design (CAD) covers physical properties, flow sheeting, piping and instrument diagrams, unit operations and plant layout. There is increasing use of computers for failure data retrieval and analysis, reliability and availability studies, fault tree analysis and consequence modelling, while more elusive safety expertise is being captured by computer-based expert systems.

[Read more…]

Filed Under: Articles, CERM® Risk Insights, on Risk & Safety Tagged With: System safety management

by Greg Hutchins Leave a Comment

Great Leaders Focus on the Why, Not the How of Risk Management

Great Leaders Focus on the Why, Not the How of Risk Management

Guest Post by Patrick Ow (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

Effective leaders provide their employees with a heartfelt portrayal of the WHY, a deep-rooted purpose, before defining the WHAT, the product or service, and then finally, the freedom on the HOW, which is the process.

First, understand the WHY of your solution. This gives you the line of thinking needed to decide HOW you can provide this solution in a way that is better than your competitors and more efficient for your customer.

[Read more…]

Filed Under: Articles, CERM® Risk Insights, on Risk & Safety Tagged With: Risk management process

by Greg Hutchins Leave a Comment

Time: Friend or Foe, Risk or Opportunity?

Time: Friend or Foe, Risk or Opportunity?

Guest Post by Malcolm Peart (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

“Time and tide wait for no man”.  King Canute demonstrated that the ebb and flow of the tide are inevitable and even a king has no control over them.  Time, perhaps our most precious resource, is also no exception.  Who hasn’t regretted not doing something because there wasn’t enough time, or time ran out as we wasted too much time deciding to do something and the opportunity slipped through our fingers? 

On the other hand, how often do we regret having made a hurried decision and have had to live with dire consequences which, in hindsight could well have been avoided if we’d had more time or rather, made better use of the time available.

[Read more…]

Filed Under: Articles, CERM® Risk Insights, on Risk & Safety Tagged With: Decision making

by Greg Hutchins Leave a Comment

The Link Between Agile and Agility

The Link Between Agile and Agility

Guest Post by Howard Wiener (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

In the previous article in this series, we discussed the difference between Agile and business agility and how Agile 2 addresses some of the omissions and failings of traditional Agile.  Both Agile and Agile 2 focus on accelerating digital development; however, the benefits of any Agile approach can be obviated if it is not implemented within an agile management structure.  Addressing execution issues, as Agile 2 does, will not be sufficient by itself to get you where you need to go. 

[Read more…]

Filed Under: Articles, CERM® Risk Insights, on Risk & Safety Tagged With: Agile product development

by Greg Hutchins Leave a Comment

Great Communications are Essential for Business Prosperity

Great Communications are Essential for Business Prosperity

Guest Post by Bill Pomfret (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

The last few years have proven the risk landscape is dynamic and evolving. And while an organization focuses on responding to one crisis, another is almost always lurking in the shadows—from COVID variants and severe weather to supply chain, and civil unrest and cybercrime. In fact, you could even find yourself in the dark – literally.

[Read more…]

Filed Under: Articles, CERM® Risk Insights, on Risk & Safety Tagged With: communication

by Greg Hutchins Leave a Comment

Five Technology Trends in Manufacturing: Are You On Board?

Five Technology Trends in Manufacturing: Are You On Board?

Guest Post by Daniel Burrus (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

Corporations that create in this world facilitate so many integral pieces to contemporary life by way of manufacturing. Manufacturing is quite literally a backbone to so many other industries, generating components for medical devices, automobiles, electronics, and machinery that keeps everything progressing forward. All of these components frequently need to be replaced, or more often upgraded thanks to new innovations that create new capabilities and in turn create new needs. [Read more…]

Filed Under: Articles, CERM® Risk Insights, on Risk & Safety

by Greg Hutchins Leave a Comment

Agile Values Can Significantly Improve Risk Management

Agile Values Can Significantly Improve Risk Management

Guest Post by Patrick Ow (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

The Agile Manifesto, also called the Manifesto for Agile Software Development, is a formal proclamation of four key values and 12 principles to guide an iterative and people-centric approach to software development.

[Read more…]

Filed Under: Articles, CERM® Risk Insights, on Risk & Safety Tagged With: Agile product development, Risk management process

by Fred Schenkelberg Leave a Comment

Culture Still Eats Strategy for Breakfast

Culture Still Eats Strategy for Breakfast

Guest Post by Bill Pomfret (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

It took us years to move from top-down to people-centric management, but the journey was worth it Peter Drucker once said, “Culture eats strategy for breakfast.” Throughout my career, I have spent a lot of time in the strategy room. But no matter what we decided there, until we got the organizational culture right, we were unsuccessful in executing our goals.

[Read more…]

Filed Under: Articles, CERM® Risk Insights, on Risk & Safety Tagged With: Change Management

by Greg Hutchins 2 Comments

Too Much Risk Management Can Hurt the Organization

Too Much Risk Management Can Hurt the Organization

Guest Post by Patrick Ow (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

Organisations that promote formalised and standardised risk management practices can create a risk culture where their employees view risk management as a compliance and tick-the-box exercise.

In comparison, organisations that intentionally promote a more informal environment where risk discussions and information sharing naturally occur as part of the broader organisational culture when making decisions can experience a positive risk culture.

[Read more…]

Filed Under: Articles, CERM® Risk Insights, on Risk & Safety Tagged With: Risk management process

by Greg Hutchins Leave a Comment

Why and How to Merge Agile with Waterfall Methodologies

Why and How to Merge Agile with Waterfall Methodologies

Guest Post by John Ayers (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

This article focuses on the task level of a project which is the key to merging the different methodologies. There is a lot of articles on line that explain what the merger will look like and the pros and cons of it but I found nothing to explain HOW TO DO IT?  This article goes into quite a bit of detail but I felt I had no choice to convey to the reader how to merge the two methodologies with examples.

Agile was created for software development projects. Some of the key benefits of this methodology are flexibility, speed, high quality, and continuous improvement. These features are implemented at the Scrum level. One major problem with Agile is that it does not scale up to large projects due to lack of structure, changing requirements and scope, and lack of a baseline to measure project performance.  In my opinion, it works well for small software and IT projects that are less than a year in duration and less than $1M in value

[Read more…]

Filed Under: Articles, CERM® Risk Insights, on Risk & Safety

by Greg Hutchins Leave a Comment

Agile, Agile 2, and Agility, Part 1

Agile, Agile 2, and Agility, Part 1

Guest Post by Howard Wiener (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

If you are running a business today using Agile methods, it’s likely that you are not getting the productivity boost from it that you should, and your time to market for new features is probably not what it could be either.

Is that the end of the world?  By and large, yes!  The problem is that your impaired delivery capabilities have a substantial impact on your business agility.  How is that?  Your digital development process is at the center of your product management capability and if you can’t iterate quickly enough it will limit the opportunities for your product managers to redirect the evolution of your products while they’re in development.  When you are in a hurry to get new or updated products to market, they will be less evolved, less marketable and less competitive.

[Read more…]

Filed Under: Articles, CERM® Risk Insights, on Risk & Safety Tagged With: Product development

by Greg Hutchins Leave a Comment

Project Recovery: A Blame Game?

Project Recovery: A Blame Game?

Guest Post by Malcolm Peart (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

Projects go wrong.  Despite some people’s best efforts, hopes to the contrary, or helpless denials, that’s a fact.  ‘Best effort’ is sometimes not good enough to help a failing project recover, ‘hope’ can merely be unfounded optimism and denial in the light of facts is just part of the grief cycle.

Nobody really wants to fail, very few like it, and even fewer will enjoy it.  Those that planned a project did not purposely plan to fail.  Perhaps there may have been a bit of a gamble with a tendency towards optimism rather than applying the caution of pessimism.  Projects are about risk as well as opportunity and as the idiom goes, “Nothing ventured…nothing gained” but not every cloud has a silver lining.

[Read more…]

Filed Under: Articles, CERM® Risk Insights, on Risk & Safety

by Greg Hutchins Leave a Comment

Risk Inherent in Modern Society

Risk Inherent in Modern Society

Guest Post by Bill Pomfret (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

Just how safe is “safe”? Should working in a chemical plant have the same level of risk as skydiving (which kills about 40 people per year in the U.S.A Should working in a plant be as safe as driving your car? Or should it be as safe as flying in a plane, which is safer than driving a car by two orders of magnitude?

While the term FAR may be simple to understand and may represent a useful yardstick, many companies, especially in the U.S., are unwilling to put such targets in writing. Imagine walking into company XYZ’s plush world headquarters office and on the wall in the reception area is a sign that reads, “We at XYZ consider it tolerable to kill 4 people per 100-million-man hours.” The lawyers would have a field day! However, as we shall see, some organizations have established such quantified risk targets.

[Read more…]

Filed Under: Articles, CERM® Risk Insights, on Risk & Safety Tagged With: Risk based thinking

by Greg Hutchins Leave a Comment

Risk Averse Risk Officers are Killing Organizations

Risk Averse Risk Officers are Killing Organizations

Guest Post by Patrick Ow (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

Businesses exist because they are formed by entrepreneurs. They exist to earn a return for the business owners and shareholders.

Organizations exist to fulfill a specific social purpose and to satisfy a specific need of society. The potential for creating value for their customers and stakeholders is a key motive for all types of organizations, including the public sector and not-for-profits.

[Read more…]

Filed Under: Articles, CERM® Risk Insights, on Risk & Safety

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CERM® Risk Insights series Article by Greg Hutchins, Editor and noted guest authors

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