Your Reliability Engineering Professional Development Site
Guest Post by Howard M. Wiener (first posted on CERM ® RISK INSIGHTS – reposted here with permission)
I am pretty close to completing my first book – Agile Enterprise Risk Management, Risk-Based Thinking, Multi-Disciplinary Management and Digital Transformation. It is now at the publishers, awaiting finalization. I have established a site for the book and this is the home page text that describes what AERM is all about.
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How does Earn Value Management (EVM) reduce project risk? To answer this question, you have to understand what EVM is.
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.
[Read more…]I am a curious about some of the new project team theories or methodologies that have arisen in the past 20-30 years that are undergoing a resurgent today primarily due to COVID -19 effect on the workforce. These theories are designed to improve performance and functioning of a project team by making people feel comfortable about speaking up and being creative without the fear of repercussion. Google and other Agile companies are in the process of implementing these methods.
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As a teenager in the 1980s, I was an avid reader of Omni, a now defunct magazine dedicated to the future—a far-off world filled with super humans, artificial biospheres and frequent encounters with extraterrestrial beings. Omni catered to armchair futurists like me with science and science fiction stories by A-level writers like Bernard Dixon and William Burroughs.
Future-oriented mass media such as Omni and “Star Wars” gives its consumers a plausible vision of everyday life for future generations. What these sources don’t typically deliver, though, is the path of change to get there.
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Almost daily, we hear of some problem in the supply chain. A few weeks ago, a container ship got stuck in the Suez Canal and hundreds of ships were backed up with no place to go. As well, original equipment manufacturers in Europe missed critical parts because of their Just in Time delivery practices.
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In February 2021, the Organization for Economic Cooperation and Development (OECD) published an Enterprise Risk Management Maturity Model. This model is designed for Tax Administration Agencies. It is the culmination of work that began in 2018. This work was designed to develop stand-alone maturity models for a broad range of organizational activities. One of which was Enterprise Risk Management. This piece examines this model and discusses how such models are being used by government elsewhere.
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The Pareto Principle, or more commonly the “80/20 rule”, is based upon the observation that 80% of the consequences of something are attributable to 20% of the causes. The quality guru Joseph Moses Juran named the Principle in 1941 after the Italian economist who, in 1896, observed that 80% of the land in Italy was owned by 20% of the population. The centenarian also similarly observed that 80% of quality problems result from 20% of the causes. In the business world we also see that 80% of a company’s revenue is generated by only 20% of its customers. As with life, things are not distributed either evenly or even fairly.
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What does asset management have to do with TIME? Everything.
My mentor, John Moubray, taught me that our most valuable resource is TIME. Time is WAY more valuable than money.
How you spend your TIME determines IF and HOW your asset management efforts will pay off. In other words, will your efforts help you achieve the kind of equipment Reliability you’re looking for?
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Organisations use different management systems to provide the required foundation to direct and control their activities to achieve their objectives.
When the organisational structure is complex, the organisation needs to develop a robust, practical, yet simplified, integrated management system. This strategy-focused integrated management system will fully integrate all relevant management practices and common touchpoints of the business into one coherent and synchronised management system. In doing so, it enables and drives the achievement of its corporate strategy and improve or drives performance.
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Dianna and Fred discussing a listener question about approaches to systemic change. How can we make systemic changes into the way people go about their work? They talk about change management and work culture.
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WHEN YOU BUILD AN ASSET MANAGEMENT SYSTEM FOR ISO 55001 CERTIFICATION THE ISO 55001 EAM SYSTEM MANUAL NEEDS TO COMPLY WITH THE ANNEX SL DOCUMENT STRUCTURE.
Here’s a practical way to create an ISO 55001 EAM system manual that covers all bases for both ISO 55001 certification and Annex SL requirements. Annex SL stipulates ten sections that every management system built to an ISO management system standard must contain. But matching legacy enterprise asset management 9EAM) system documents to Annex SL sections can be tricky.
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Use the ACE 3T culture change technique to design, teach and adopt the best safety culture into your organization
Here’s a workplace safety culture change fact we’ve known about for a long time. This quote from G. J. Hofstede in his book, Cultures and Organisations, explains a lot about how you create the right workplace safety culture.
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There is a big difference between proactively mitigating risks vs. reacting to incidents. Why do corporations wait to take active safety measures till an incident occurs? Because being proactive is hard…very hard and requires a lot of discipline.
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Enterprise Risk Management (ERM) is considered an important management tool and part of good public sector governance in Australia. The Commonwealth of Australia and the states of Victoria and New South Wales have implemented ERM. In addition, the states of Tasmania and Western Australia have issued good governance frameworks which include risk management. This piece will provide a historical overview of the risk management approach used by the Australian State of Victoria. It will then discuss the changes made in the 2020 revisions to its 2018 Victorian Government Risk Management Framework.
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What does the future hold for project management? Remote and flexible work arrangements were trends prior to COVID-19. The pandemic greatly accelerated the trends and a lot of it will be permanent well after the virus is tamed. Remote work arrangement means any work you do that dose not require commuting into an office. A flexible work arrangement are alternate arrangements or schedules from the traditional working day and week. Employees may choose a different work schedule to meet personal or family needs
This paper discusses the risks these changes will have on project management for future work. It does not present new technologies and the risks they will impose on projects. This is a subject for another paper.
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