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

In an interview with the Wall Street Journal on November 19 ,2008, Rahm Emanuel was quoted as saying; “You never want a serious crisis to go to waste.  And what I mean by that [is] it’s an opportunity to do things that you think you could not before.”

He was referring to the crisis that was to become known as the “Great Recession” that gripped much of the world, hitting hardest from 2007-2008.  It was a period when millions of people lost their homes to foreclosure, nearly countless businesses declared bankruptcy; many being household names such as General Motors and Chrysler – along with a great number of financial institutions. [Read more…]

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

As readers of my pieces know, there are concerns about how ASQ is being managed.  These concerns have caused a split among the membership. Some hold fast and support corporate management, while others want changes. This piece is the result of a question and an exchange on the LinkedIn Restore ASQ community.

The original discussion question on Linkedin was: ‘Why didn’t the risk analysts see the pandemic coming’?  The exchange quickly devolved into those who felt that the disbanding of some ASQ Chapters is the fault of chapter members, not corporate and those who place ASQ’s troubles on corporate management. Considering the Coronavirus is forcing everyone to review assumptions, associations, and business models, it is worth visiting these issues. [Read more…]

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

Your assessment needs a clear framework to help you process the information you have and analyze the risks. Sometimes you will have one prepared but at other times, you need to do this yourself. Whatever the situation, you need to know what goes into designing and building a framework if you’re going to be successful.

You will often find that the categories, methodology and metrics you’ll use to actually evaluate your risk are given to you or prepared in advance. You simply take the information you’ve already gathered and pass it through the system.

But what do you do if you don’t have a neatly laid out process? Or how can you spot where there’s a flaw in the methodology being used? [Read more…]

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

Here are some practical considerations you need to make in developing and implementing your COVID-19 business continuity strategies for your organization or business, or even for yourself.

If you already have some form of business continuity plans already developed, execute them. Otherwise, you have to take a practical short-cut and use the information below to flexibly develop your next steps as you go. [Read more…]