This post first appeared on Risk Management Magazine. Read the original article. Not so long ago, business disruption referred to sudden shocks to a company’s operations that caused immediate but relatively limited damage. Such events could range from equipment malfunctions and power failures to the ­fallout from natural catastrophes or political unrest. However, the concept (more…)

This post first appeared on Risk Management Magazine. Read the original article. Last year, a series of foodborne illness outbreaks—including E. coli in romaine lettuce and Salmonella in eggs, breakfast cereals, raw turkey and other products—sickened hundreds of people in the United States and caused costly recalls. In response, Walmart announced in late September 2018 (more…)

This post first appeared on Risk Management Magazine. Read the original article. Disputes arising during a construction project can hurt the wallets of project owners and contractors alike. Not only are such disputes costly to project participants, but they can also cause delays that result in more expense for all involved. Disputes about the scope (more…)

This post first appeared on Risk Management Magazine. Read the original article. Construction has always been a high-risk venture, but recent trends are exacerbating those risks, including a shortage of skilled workers and accelerated construction schedules. New developments in technology, however, may help mitigate their impact. Today, unprecedented access to worksite activity data is available (more…)

This post first appeared on Risk Management Monitor. Read the original article. At next month’s RIMS ERM Conference 2019, the opening keynote speaker will be Gretchen Anderson, director of the Katzenbach Center at PwC and co-author of The Critical Few: Energize Your Company’s Culture by Choosing What Really Matters. Her address will aim to provide risk professionals (more…)

This post first appeared on Risk Management Magazine. Read the original article. Reputational crises and the losses they cause occur with such regularity that nine out of 10 S&P 500 companies now disclose that reputational risks, in addition to all their underlying operational risks, are material perils. They affect companies at all stages, as evidenced (more…)

This post first appeared on GAO Reports. Read the original article. What GAO Found Within the Department of Homeland Security (DHS), U.S. Citizenship and Immigration Services (USCIS) has responsibility for the Violence Against Women Act (VAWA) self-petition program for foreign national victims of battery or extreme cruelty committed by their U.S. citizen or lawful permanent (more…)

This post first appeared on GAO Reports. Read the original article. Objectives This is a publication by GAO’s Office of Inspector General (OIG) that concerns internal GAO operations. This report presents the OIG’s assessment of GAO’s compliance with Federal Information Security Modernization Act of 2014 (FISMA) requirements. What OIG Found FISMA requires federal agencies to (more…)

This post first appeared on GAO Reports. Read the original article. Objectives This is a publication by GAO’s Office of Inspector General (OIG) that concerns internal GAO operations. This report presents the OIG’s assessment of GAO’s compliance with Federal Information Security Modernization Act of 2014 (FISMA) requirements. What OIG Found FISMA requires federal agencies to (more…)

This post first appeared on the IBM Center for the Business of Government blog. Read the original article. Wednesday, September 25, 2019 By Dan Chenok   A recent forum highlighted enterprise risk management as a key enabler for agencies. The Center recently co-hosted a seminar on Enterprise Risk Management (ERM) earlier this month, in partnership with the (more…)