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237 results found for "Uncertainty"
- Golden Thread of Assurance for Compliance
However, there will always be uncertainty when pursuing mission success. ’s better is knowing how to meet obligations and deliver stakeholder commitments in the presence of uncertainty compliance efforts.These are the capabilities necessary for compliance to be successful in the presence of uncertainty These programs (or what we call certainty programs) translate obligations into value chain commitments
- Compliance is Probabilistic
assessments into a unified view Update assurance continuously rather than waiting for audit cycles Express uncertainty not in pursuing the unattainable perfect score, but in making informed decisions under acknowledged uncertainty communicate transparently about confidence levels, and create a compliance function that values honesty about uncertainty
- Remove Roadblocks Not Guardrails
eliminated safety stock as “waste,” only to discover it was their crucial buffer against supply chain uncertainties How many times have compliance measures been reduced, inadvertently pushing operations to the edge of uncertainty
- Five Principles of Compliance Program Success
Estimate and handle uncertainty. What impediments or opportunities will we encounter? What is the nature of uncertainty (aleatory, epistemic, ontological, etc.)
- A Cure For Compliance Blindness
When life is uncertain we are blind to what may lie ahead. Compliance needs to contend first with epistemic uncertainty. Estimating the uncertainty of keeping all your promises (operational risk) associated with each obligation This is a form of aleatory uncertainty which is irreducible.
- Management Systems - Concept of Operations (CONOPS)
To contend with compliance, operational, and technical uncertainty, organizations often adopt management from standard (Conformance Controls) and feed-forward processes to prevent & mitigate the effects of uncertainty Instead, they all must work as-a-whole to provide effective layers of defence against the effects of uncertainty requires an operational rigour commensurate with what is at risk and what is needed to contend with uncertainty
- Operational Rings of Power
their GRC, ESG, Quality, Security, Regulatory, Ethics, and compliance investments, even when facing uncertainty
- Why GRC Should be GRE
probability of success by governing, regulating, and ensuring the ends and the means in the presence of uncertainty
- 5 Ways Risk Management Has Changed
ISO 31000 changed this focus to " the effects of uncertainty on objectives ." consideration of probabilities, however, it does move the analysis more on how objectives will be effected by uncertainty The latter is what we call the, The Reactive Uncertainty Trap™. If you are an ethical, ambitious company and want to avoid, The Reactive Uncertainty Trap™ consider joining The Proactive Certainty Program™
- Demo-first Approach to Selecting Compliance Software
Having a second choice proved to be a significant factor when mitigating the uncertainties experienced This makes them vulnerable to uncertainties that an RFP, LTD, and Pilot steps would have discovered. levels of success, however, the probability of success can still be improved by effectively managing uncertainties purchase the software you will need to deal with the effects of not knowing or what is called, "epistemic uncertainty What actions are needed to address uncertainty in: capabilities, cost, user acceptance. ability to meet
- The Most Important Risk Control
In this capacity, MOC provides companies with a pulse and an earlier warning of the level of uncertainty This has a side effect of improving the certainty that planned changes create the desired outcomes while Is it being used to give you a risk pulse of the measure of uncertainty within your organization?
- Motivations
Decision makers today are often faced with making decisions that cross multiple dimensions and where uncertainty managed quality, safety, environmental or regulatory programs all of which involve contending with uncertainty "When faced with a set of uncertainties which cover a range of future states, some of which are unfavourable , then the uncertainties constitute a hazard. Hazards extend beyond the physical and include any condition where uncertainty may result in unfavorable












