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Given the human tendency to be reactive rather than proactive, combined with the challenges of getting the different functions of an organization to work together, it should come as no surprise that risk management is a practice that requires commitment, continuous focus, and discipline. And like any organizational paradigm shift, the earliest stages can be …
Continue reading “Four Biggest Obstacles to Implementing your Risk Management Practice”
Bring ERM into focus! Please join AFERM at the 2020 Virtual Summit Training on Thursday, September 10, 2020. The case for risk management has never been clearer with the impacts of COVID-19 on all aspects of business and life. We’ve all become familiar with new terms like Skype, Zoom, face masks, and social distancing that impact how we do business. How we adapt …
Continue reading “Pro-Concepts: Register Now for AFERM’s 13th Annual ERM Summit Training Event!”
Watch the video that shows practices that are the basis for implementing effective performance-based management of software-intensive projects. These practices are the basis for implementing effective performance-based management of software-intensive projects. They are intended to be used by programs desiring to implement effective high-leverage practices to improve their bottom-line measures-time to fielding, quality, cost, …
What is COSO and what does it mean for risk management? As discussed in previous posts (see ISO 31000 and PMBOK for starters), the risk management world is full of important acronyms. In this installment of, “what does that risk management acronym mean?” we’ll look at COSO. What is COSO? The acronym “COSO” is short …
Continue reading “What is COSO and what does it mean for risk management?”
If you’re reading this post, you’re likely familiar with the concept of enterprise risk management (ERM). Perhaps you recognize that vulnerabilities exist within your organization or your processes may not quite be up to the task and this “ERM thing” sounds like a solution worth investigating. Maybe you are in the process of building an …
Large companies are inherently going to have risk however by managing it properly, it can reduce time, money and possibly avoid a poor reputation. Shawn O’Rourke, CEO of Pro-Concepts, and Lea Anne Nelson, Risk Management Consultant and Trainer, discuss how to implement a risk management methodology into a corporate culture. Risk Management and Culture Shawn: …
Continue reading “Incorporating Risk Management Into Company Culture”
For large companies, having a comprehensive risk management plan is critical. Shawn O’Rourke, President of Pro-Concepts and Lea Anne Nelson, a Risk Management Consultant and Trainer, discuss the importance of implementing a risk management system. Why is risk management necessary? Shawn: Why do you think people need Risk management? Lea Anne: First of all [companies] …
“Everybody faces risks every day,” said Shawn O’Rourke, president of Pro-Concepts LLC. O’Rourke started his Virginia Beach risk management consulting firm that supports government and commercial clients in a variety of industries, in 2011. He said he first got involved with risk management in the early days of the computer age. The Navy commander served …
Continue reading “Pro-Concepts featured in Hampton Roads Business Journal”
VIRGINIA BEACH, Va. — Risk is part of everyday life. However identifying risks and knowing how to mitigate them can make or break your day or worse — make or break a company and its reputation. For example, a daily commuter may use a GPS navigation app such as Waze to avoid accidents or traffic …
Characteristics of a Good Project Risk Manager Most projects are fraught with several risks concerning time, cost and scope. A good project risk manager gives early warnings with regards to key risks, preempts risks, and improves the likelihood of project success. These are some of the characteristics of good project risk management. Listens Effectively A …
