Risk management is the identification, evaluation, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities.
The Misconception of Reliability and Availability After a 10 year reliability journey that takes me across the appliances, power generation, aerospace, component placement, electronics design, wireless, and finally the cable industries, I would like to share my astonishing discovery with my friends and foes alike. My focus will be on the cable industry where my recent…
1. THROTTLE: OFF 2. FIRE LIGHT: DEPRESS 3. FIRE EXTINGUISHER READY LIGHT: DEPRESS 4. …. These are the first few steps or IMMEDIATE ACTION PROCEDURES (IAPs) that make up the beginning of an emergency situation checklist for an engine fire in a garden-variety high performance aircraft. These steps are listed in BOLD in…
Companies frequently fail to conduct thorough background checks and due diligence on their employees and management. The headlines are filled with stories of corporate officers who exaggerate their business experience and lie about their education. This negligence on the part of management can lead to embarrassment and potential liability for the corporation. It is a sound business practice…
In the “legion,” you march or die… As business leaders, sometimes we march because we are driven by opportunity to accomplishment, and sometimes we are forced to march to thwart a threat. … But march we must. The media has devoted a lot of energy as of late fanning the flames that the economy is…
Let’s face it, Americans have short memories… There are some people in the world that continue to kill and cause mayhem over some transgression that happened so long ago that the original cause has long been forgotten, clouded, or even corrupted, and is irrelevant to life today. There are the Balkans, the Middle East, and…
