Risk Roundup – August 2016
For the American Society of Safety Engineers (ASSE), identifying and reducing workplace risk is a main focus of Occupational Safety and Health (OSH) professionals. The ASSE’s Risk Assessment Institute’s website includes a flowchart that describes the OSH risk assessment process. Inspired by ISO 31000, OSH professionals are encouraged to move through the seven steps of the process. Read more
This “ISO Capsule” video from PECB explains the differences between ISO 45001 and OHSAS 18001. ISO 45001 is an Occupational Health and Safety Management Standard, expected to be published in 2017, that aims to improve employee safety and reduce workplace risks. The video describes the changes expected in ISO 45001 and how to prepare and implement the standard. Watch video
If you are a certified Project Management Professional (PMP) or a Risk Management Professional (PMI-RMP), this quick exercise will help you test your project risk management knowledge. Simply match the risk management key word to its definition. Take the test
On June 2-3, 2016, Enablon hosted SPF EMEA 2016 in Paris, France. One of the SPF tracks was dedicated to compliance and featured three sessions, including a case study from one of the world’s leading Oil & Gas companies, as well as a product workshop. Learn more about three interesting takeaways that can provide useful lessons for EHS, Risk and Compliance professionals. Read more
Changes in global regulations, geopolitical shifts, and technology developments are increasing. The amount of data that is relevant to risk management and strategic decision-making is overwhelming and growing exponentially. Three significant accelerators will drive the evolution of GRC capabilities and outcomes. Read more
“Evolution or irrelevance,” Deloitte’s 2016 Global Chief Audit Executive Survey, provides insights on the current and near-term challenges facing the Internal Audit function. With responses from more than 1,200 heads of Internal Audit in 29 countries and a wide range of industries, this is Deloitte’s most comprehensive global examination of Internal Audit to date. Read more
Workplace injuries and illnesses are a business risk because they can significantly affect the bottom line. Beyond direct costs for workers compensation, there are also indirect costs of lost productivity and corrective measures that may be required. Creating a safe workplace is about reducing risks that threaten the long-term viability of a company. Read more
According to a study, for eight out of 10 companies, less than a third of their supplier transactions were compliant with contract terms. Even best-in-class performers said that 15% of their transactions were non-compliant. Supplier contracts are key to manage spending and minimize risk. There are five barriers that hinder the monitoring of supplier contract compliance. These barriers can be overcome with five best practices to better promote contract compliance. Read more
Almost all U.S. publicly-traded companies face risk either from climate change itself or from the changes needed to tackle it, but few companies have warned their investors. Some executives seem to be in denial, while other executives may not know how to assess climate risk. Boards may not have the expertise needed to assess climate risk and opportunities. Read more
Chief Marketing Officers (CMO) are seeing risk management added to their list of tasks, even though risk has not been traditionally high on their agendas. CMOs face two broad categories of risk: one that has become more difficult to control, and one that potentially has become more manageable. Read more
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A Governance, Risk and Compliance (GRC) platform can help you enable holistic risk management in your organization to adequately prepare for threats and crises. Download The Forrester Wave™: Governance, Risk, And Compliance Platforms, Q1 2016 report and learn more about the 14 most significant GRC vendors.