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The lack of these traits hinder compliance from always staying between the lines and ahead of risk.

These outcomes should encompass broader objectives beyond mere adherence, such as strengthening risk

that what is considered as internal or external will have more to do with who is accountable for the risk

However, when taking a closer look we notice that compliance has more to do with managing risks than Managing risk is a human-centric process that requires people to anticipate, plan and act to prevent In fact, not only is risk management human-centric it is very much an ethical process. For example, safety involves making decisions that involve risk. Risk-based decisions due to their inherent uncertainty are in the category of ethical decisions that

improving their compliance performance and see it as an advantage in competing in highly-regulated, high-risk culture, systems, people) to be in compliance, the effectiveness of your compliance programs to reduce risk your programs are the better you are able to contend with the effects of uncertainty in buying down risks

Are we mitigating risks to ensure outcomes are advanced?

also be able to identify any uncertainty in meeting obligations which will tell you where to put your risk

framework for companies to evaluate their safety systems and processes to more effectively buy down risk prescription and audits, to a proactive approach, based on continuous improvement and the management of risk practices have benefited from this approach which can also be used for those in highly-regulated, high-risk : The outcomes of an API RP 1173 will be different for every organization according to the level of risk Gaps in alignment represent areas of potential risk and opportunities for improvement.

creates real-time visibility that enables faster optimization, predictive maintenance, and proactive risk

In fact, if things continue on this course, all our jobs will be at risk.

you know this frustration: Your organization has procedures, training records, audit schedules, and risk

QEHS) or having improved capabilities to buy down risk and advance outcomes. compliance programs ensure the advancement of these values which contribute to top line growth while the risk Compliance value streams are those responsible for buying down risk to increase the probability that At the same time advanced capabilities are available when needed according to the level of risk being Embedding compliance capabilities into value streams was and still remains the best strategy to reduce risk