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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

Uncertainty is the root cause of all risk - negative and positive. 4. Risk-adjusted plans improve the probability of success in the presence of uncertainty not in spite of

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?

their GRC, ESG, Quality, Security, Regulatory, Ethics, and compliance investments, even when facing uncertainty

Hazards are a manifestation of uncertainty – hazards create the opportunity for risk. Hazards are a manifestation of uncertainty – hazards create the opportunity for risk. reliability and resilience, which are used to contend with he hazardous internet (i.e. the dragon of uncertainty A comprehensive risk/certainty strategy and plan ensures that uncertainty in all its forms is effectively application of a body of knowledge used in safety domains to help contend with hazards – a primary source of uncertainty

Compliance is also concerned with this but calls in uncertainty. Variation and uncertainty are really two sides of the same coin. ISO 31000 defines risk as the uncertainty on objectives. aleatory uncertainty (having to do with chance and variability) which you treat with margins. Identify and evaluate uncertainties to meeting targeted goals and objectives.

The way we think about risk is a significant factor to our effectiveness at contending with uncertainty However if we do not pursue the positive effects of uncertainty we will not create value; and at most other articles dealing with the positive side of risk: The Pursuit of Opportunities in the Presence of Uncertainty

Without management, uncertainty would reign, and organizational goals would be jeopardized. including the principles of scientific management or Taylorism, emphasizes the necessity of addressing uncertainty essence, management is the backbone that keeps an organization functioning effectively in the face of uncertainty This integration allows organizations to navigate uncertainty with agility, make informed decisions, While management addresses operational uncertainties and ensures the smooth functioning of an organization

probability of success by governing, regulating, and ensuring the ends and the means in the presence of uncertainty

However, there is something else we can count on, change always brings with it uncertainty. achieve project success we look for better ways to manage change or at least reduce the effects that uncertainty And it is these outcomes where we have greater degree of uncertainty in terms of: What the outcome is This is important because when uncertainty is left unchecked and risk has become a reality not only do

adaptive entities capable of generating both intended and unexpected behaviours in the presence of uncertainty SOTIF introduces a more nuanced perspective that recognizes inherent uncertainty in intelligent systems This is driven by the understanding that intelligent systems may exist within a context of profound uncertainty than a technical standard—it's a new approach to understanding safety in an increasingly complex and uncertain

This provides a sense of certainty and predictability. appears open to possibilities, in a deep sense, anything can happen – a source of potential but also uncertainty This contributes to the uncertainty we experience. According to the Heisenberg Uncertainty Principle, we can’t know with perfect accuracy both the position the measurement is taken knowledge of both the particle’s position and speed are possible but also uncertain