This post first appeared on Risk Library. Read the original article. This white paper explores approaches to model risk management and its challenges. The paper provides a solution to help organisations better manage model risk by establishing risk mitigation and cost reduction strategies..
Nuclear Security: DOE Could Improve Aspects of Nuclear Security Reporting, Apr 11, 2017
This post first appeared on GAO Reports. Read the original article. What GAO Found The Department of Energy’s (DOE) and the National Nuclear Security Administration’s (NNSA) annual reports for 2014 and 2015 on the security of nuclear facilities holding special nuclear material did not fully meet the definition of quality information under the federal internal (more…)
Moving beyond the boundaries of traditional operational risk management
This post first appeared on Risk.net. Read the original article.
Moving beyond the boundaries of traditional operational risk management
This post first appeared on Risk.net. Read the original article.
Homeland Security Acquisitions: Earlier Requirements Definition and Clear Documentation of Key Decisions Could Facilitate Ongoing Progress, Apr 06, 2017
This post first appeared on GAO Reports. Read the original article. What GAO Found For the first time since GAO began its annual assessments of the Department of Homeland Security’s (DHS) major acquisitions, all 26 programs that were reviewed had a department-approved baseline. During 2016, over half of the programs reviewed (17 of the 26) (more…)
Marine Corps Asia Pacific Realignment: DOD Should Resolve Capability Deficiencies and Infrastructure Risks and Revise Cost Estimates, Apr 05, 2017
This post first appeared on GAO Reports. Read the original article. What GAO Found The Department of Defense (DOD) has coordinated the relocation of Marines from Okinawa to other locations in the Asia-Pacific region through developing a synchronization plan and organizing working groups. However, DOD has not resolved selected identified capability deficiencies related to the (more…)
Why Do M&As Fail?
This post first appeared on Risk Management Magazine. Read the original article. Snapping up rivals or merging with powerful competitors to create mega-companies that dominate markets has long been a strategy for business growth, and nothing excites financial markets more than news of large deals. But there is a catch: Most mergers fail. In fact, (more…)
Flaws in the Data
This post first appeared on Risk Management Magazine. Read the original article. Given the avalanche of information that has become available to businesses over the past several years, data-driven decision-making (DDDM), the practice of basing business decisions on data analysis rather than intuition, has become a critical tool to help organizations reduce risk, avoid costly (more…)
New Rules for Absence Management
This post first appeared on Risk Management Magazine. Read the original article. A variety of regulations regarding the rights of employees with disabilities have spurred employers to reassess workers compensation and return-to-work programs. In addition to actions by the Equal Employment Opportunity Commission (EEOC) that have resulted in high-profile, multi-million dollar settlements, employment law changes (more…)
Oroville Dam Highlights Infrastructure Risks
This post first appeared on Risk Management Magazine. Read the original article. The near-collapse of the Oroville Dam in northern California in February could have been catastrophic. Communities as far as 100 miles downstream from the dam were at risk of flooding that could have resulted in $21.8 billion in structural damages, according to Risk (more…)