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Managing Risk Using the Bowtie Method
Organizations live with hazards and risks as a part of doing business. The challenge is maintaining control over the causes and consequences. One highly-efficient and widely-used method of risk assessment and incident prevention is known as the Bowtie. It originated with the oil and gas industry where accidents can have catastrophic effects. It spread to […]
Posted onManaging Risk in the Supply Chain
The principle behind effective risk management is the ability to anticipate risks to the organization and mitigate those risks by developing contingency plans to offset various scenarios. Nowhere is this more evident today than the supply chain. Not since 1994, when NAFTA (North American Free Trade Agreement) disrupted almost one hundred years of established trade […]
Posted on5 Excuses for NOT taking an Executive Education program SMASHED
1. ‘It costs too much!’ A turbulent global marketplace and disruptive technologies mean the world is changing quickly, and organizations need to invest in their workforce in ways they might not have before. Sponsoring professional development so employees can keep their skills sharp makes sense. Also, local and federal government agencies offer job grant programs […]
Posted onPreparing for Black Swan events in Project Management
Do project managers adequately prepare for unforeseen events and their consequences? Project managers know that many factors can impede the successful delivery of a project. But do they make adequate preparations for dramatic, unforeseen events outside the normal conceptions of risk management? Doug Boebinger, an experienced project manager, consultant and SEEC instructor, says that project […]
Posted onBusting 5 MYTHS About Executive Education
Those working in the field of business should not let misconceptions warp their understanding of what executive education is really about. Here are five myths that might need to be corrected to erase fears and assumptions about this indispensable learning experience. MYTH #1: Executive education is for executives. There may very well be executives in […]
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