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

We should all be aware by now that business agility is the primary enabler for companies seeking sustainability.  In the past, companies would evolve in chunks, a project at a time.  The costs and risks of implementing change, whether system-related or otherwise, were large, so designing and planning upfront (the Waterfall approach) was applied to create predictability and moderate risks.

[Read more…]

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

We have many kinds of assurance in the project management world.  These, generically include business assurance to track the economic viability of a project, technical assurance for the technical integrity of a product, process or system, and user assurance to check that specified requirements have been met.  Assurance demonstrates compliance to a project’s business case, meeting end user’s operational requirements, and that there is technical compliance against codes, standards or specifications.

[Read more…]

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

The project hasn’t been going too well; KPI’s indicate problems, staff are demotivated, the customer is complaining, the schedule is in double digit revisions, rework and resubmissions reflect quality, and you may be on your third or even fourth project manager, and cash is all but flowing.  Phew…what will happen next?

Despite these symptoms the project is allowed to struggle on until, one day, one brave soul has the courage to admit that enough is enough!  The self-help applications of Band Aids and a couple of paracetamols obviously haven’t worked.  Making an appointment to see your local GP or even a trip to the emergency room at this juncture may also be a tad late.  It’s time for a surgeon or, in project terms, a troubleshooter.

[Read more…]

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

In a previous CERM Insights I mention ESG (Environmental, Social, Governance) Risk. The U.S. and European governments are starting to stress ESG risk management. This article looks at the proposed ESG requirements of the Security and Exchange Commission (SEC), and the implication for quality management.

[Read more…]

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

Safety Projects International Inc. discusses how to handle different types of crises that may arise at your facility. If 2020 has shown us anything, it’s that we need to adapt to outside elements that may affect your team processes and procedures. Let’s get started on a crisis management plan.

[Read more…]

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.

In addition, global supply chain shortages are driving a new wave of nearshoring to put manufacturing closer to customer locations. New manufacturing plants will utilize the latest technologies in an effort to increase productivity and competitive advantage. Due to the fact that technology-driven exponential change affects everything, manufacturing businesses must always keep up.

[Read more…]