functions as an offensive force ensuring that organizations are always between the lines and ahead of risk

As such, they will each have their own set of goals, measures and risks.

This is the world of Operational Compliance – the way organizations operate in high-risk, highly regulated

high-level guiding principles that shape organizational behaviour - Drives strategic decision-making and risk

developed alongside of changes to standardized accountancy to become a crucial role in governance, risk but are not enough as audit findings are too slow to provide feedback, and are too late to prevent risk an audit every year (or every other year) is far too late to find this out and creates unnecessary risk

actions to improve the performance of processes PDCA operates as a cycle of continual improvement, with risk‐based This limits the scope of improvements to those events and mostly to the reactive side of equation when risk PDCA should instead be a proactive process for continuous improvement focused on staying ahead of risk

These systems are unable to keep up and as result increase the level of uncertainty and corresponding risk Unmitigated and Preventable Risk Obligation-based systems tend to assume certainty of the conditions promise-based systems are inherently goal-seeking and when implemented properly should incorporate risk-based

remember that there are other forces at work: You can’t turn lagging indicators into leading indicators. ( Risk Uncertainty and risk? Insufficient or untapped performance?

that power both step-wise and continuous improvement engines and this is no different when it comes to risk Many organizations find themselves in a similar situation with respect to their risk & compliance programs will require improving performance and effectiveness which need the application of problem solving, risk Progress towards risk & compliance objectives can only begin when companies turn the page to answer the

Do you understand the risks; what threats and opportunities will you encounter in keeping this promise

much discussion these days about the need to create an improved safety culture particularly in high-risk

cycle, Root Cause Analysis, Toyota Kata, and Lean Startup, offering a roadmap to proactively reduce risks Outcome: By applying the PDCA cycle, you can reduce risks  by quickly troubleshooting and preventing