Manage Tomorrow's Surprises Today: Root cause discipline Archives

Cruise Ship Accident due to Preventable Operational Risk

By Steven Minsky on January 16, 2012 12:49 PM 0

The Costa Concordia, a Carnival Cruise Line owned ship, ran aground resulting in at least 6 deaths. This is a 4,000-passenger, 115,000 -ton cruise mega-ship, with the latest and greatest technology, as it is just 5 years old. As an... Read More..

Categories: Business resiliency and sustainability, Enterprise Risk Management, ERM process management, ERM-based approach, Performance management, Root cause discipline

Is your GRC program overly focused on compliance?

By Steven Minsky on March 15, 2011 10:52 AM 0

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No company falls out of compliance over-night. It's a gradual process resulting from a combination of overlooked issues, that together create a serious problem. Strangely enough, compliance issues often result from taking an overly compliance-focused approach to risk management; a... Read More..

Categories: Compliance, ERM-based approach, Enterprise Risk Management, Risk Identification, Root cause discipline

RIMS Risk Maturity Model Explained - Overview

By Steven Minsky on March 10, 2011 7:44 AM 0

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Getting the initial commitment for ERM is half the battle for a Risk Manager, and then meeting expectations with concrete results can be just as daunting a challenge. The RIMS Risk Maturity Model (RMM) allows you to score your... Read More..

Categories: Business resiliency and sustainability, ERM process management, ERM-based approach, Enterprise Risk Management, Performance management, Risk Maturity Model, Root cause discipline

Government Finds BP Blowout was Preventable by ERM and Not GRC

By Steven Minsky on January 14, 2011 7:09 AM 0

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The presidential commission stated that compliance, the focus of GRC efforts, was not a key cause of the Deepwater Horizon disaster. They concluded instead that it was BP's lack of governance or an ERM approach to risk management that was... Read More..

Categories: ERM process management, Root cause discipline

Risk Management: Evolve or Step Aside

By Steven Minsky on February 19, 2008 7:00 AM 1

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The business environment evolves, organizations evolve and people’s roles and contributions must evolve as well. Some risk managers have expressed frustration due to insufficient resources or support from senior management. Risk managers who have an active role in financial reporting... Read More..

Categories: ERM process management, ERM-based approach, Performance management, Root cause discipline, Software

Recently in Root cause discipline Category

Cruise Ship Accident due to Preventable Operational Risk

Is your GRC program overly focused on compliance?

RIMS Risk Maturity Model Explained - Overview

Government Finds BP Blowout was Preventable by ERM and Not GRC

Risk Management: Evolve or Step Aside

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