on Risk & Safety

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

Andy Benoit once said, “Most geniuses — especially those who lead others — prosper not by deconstructing intricate complexities but by exploiting unrecognized simplicities.”

This statement is so true when corporate leaders and managers tend to over-complicate processes or over-engineer systems in organizations. Designing and implementing your organization’s enterprise-wide risk management system is no exception.

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

Are project risks round?  Curved objects can be less controllable than planar ones as they pitch, roll and yaw; and the tighter their curves the more difficult control becomes.  Even a truly planar surface is, geometrically, a curve but with an infinite radius.  The Earth’s horizon, that imaginary plane perpendicular to its radius is considered by some to be ‘flat’ but in reality it’s a sphere so we can never see over the horizon.  But what has this got to do with project risk?

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

Enterprise Risk Management (ERM) is becoming an important topic and activity worldwide. This is in part because of COVID 19. COVID 19 focused the public’s attention on health risks. As the world comes out of the pandemic crisis, the focus, particularly in government, will be on other risks. Already, in the United States, cities which defunded the police, are reallocating money back due to rising crime. However, because of the political atmosphere and retirement of senior officers, cities are having trouble recruiting enough people to fill the vacated ranks. Adding to this problem are the consequences of riots and work from home. In many urban areas, the result has been a hollowing out of the urban core.

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

We are in an interesting time in history, when transformative digital disruptions have their foot on the gas and are accelerating at exponential rates. Every industry is facing disruption in a multitude of ways, and it is now up to business leaders and their organizations to implement my Anticipatory Organization® Model and understand and identify the future certainties of Hard Trends and how to leverage them to become the disruptor before someone else does.

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

Humble, personal, professional, expert or even uninformed; opinions are just opinions when the facts aren’t fully known or understood.  Opinionators are merely stating their belief as to the what, why, when, where and the how something has happened and who was responsible, who is culpable and who has to do something. This belief is believed, at least by them, and, for the most part, they expect other people to believe it as well. 

Agreement brings harmony, collaboration and progress while disagreement brings confrontation, debate and procrastination while each party attempts to convert the other to their oftentimes sanctimonious viewpoint.

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

How does Earn Value Management (EVM) reduce project risk? To answer this question, you have to understand what EVM is.

WHAT IS EVM?

EVM is the tool used to measure progress against the PMB. (Performance Measurement Plan).  EVM identifies poorly performing WP (Work Packages) and problem trends early in the project allowing maximum time to identify the root cause of the problem and identify an action plan to fix the problem.

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

There are numerous papers and documents on the internet regarding a Work Breakdown Structure (WBS). The question is how do you create one for a new project. This paper explains how.