Operational Risk Management Awareness

Operational Risk Management Awareness The term Operational Risk Management (ORM) is not new. It has been tossed about in businesses across North America for the last several years. ORM and the oft associated term Enterprise Risk Management (ERM) have generally been used as corporate buzzwords, business culture idioms referenced in board meetings and articulated during presentations. Recent developments, such as the creation of the Sarbanes-Oxley (SOX) Act in 2002 in response to growing financial scandals in the U.S., have brought Operational Risk Management, Enterprise Risk Management and related concepts from the backrooms to the forefront of corporate America. The inescapable reality is that every single day businesses incur losses and experience operational disruptions due to failures by employees, incorrect implementation …

Task Management Tools – The Difference Between Average And Successful People

Task Management Tools – The Difference Between Average And Successful People Task management is the true challenge on the modern world we live in. Time is more precious than ever and the amount of tasks each of us has to cope with is almost endless. The only difference between successful and average people is their ability to manage their tasks effectively. This ability could be improved significantly by using task management software and other task management tools. Try the following recommended tools to improve your task management abilities: 1. Paper planning systems – Those systems help you organize your life (and your tasks of course). Think about starting each day with going through your daily task list of the incomplete …

Look Over Your Auto Insurance Policy With These Tips In Mind (6)

Look Over Your Auto Insurance Policy With These Tips In Mind As you probably know if you’ve ever looked for auto insurance before, it can be difficult to know which company, and what policy to choose to fit your needs. Many companies are untrustworthy, and others charge way more than they should. In addition there are common mistakes that individual’s make that affect their premiums. Read on for tips and tricks for weeding out the good from the bad. If you’re getting rates and premiums higher than normal, then you should go check your driving record. You might not be aware of your driving record, but insurance companies use this to calculate your risk factor. Make sure you know what’s …

Project/Program Management Best Practices for Success in ANY Industry!

Project/Program Management Best Practices for Success in ANY Industry! Where is our success? Although there have been improvements, over 60% of projects/programs failed and many were canceled in 2003 (ref:The Standish Report CHAOS)! Our goal for 2004 and beyond is to contribute to a 60% and better, project/program success rate! STOP THE MADNESS-MANAGE AND CONTROL PROJECTS WITH THE FOLLOWING: Best Practice Processes for Project/Program Success(Outline): Program/Project Management (and Business Management) (Integration) Use of Experience and Knowledge (Integration) Planning and Scheduling/WBS (Scope/Time/Cost) Communication Planning (Communication) Status & Earned Value Reporting (Communication) Performance (metrics) Reporting (Communication) Risks Identification and Management (Risks) Project Repository/DB (Communication/Lessons Learned/Knowledge Transfer) Change Management (Integration) Subcontractor/Vendor Control (Procurement) Team Building (Human Resource) Development Process (Integration/Solution/Scope) Selection of the …