SEARCH

Nevertheless, labelling all of this as AI might unnecessarily create regulatory uncertainty and complexity

Risk refers to the uncertainty (ambiguity) with respect to reaching the goal. Uncertainty provides a motivation to be proactive - to improve the probability of success. Risks are the effects of uncertainty on our objectives which can be controllable or uncontrollable. Risks, as uncertainties related to goal attainment, push for proactivity to increase the probability

Instead, we’re confronted with additional uncertainty surrounding specific requirements that necessitate In contrast, Risk Management systematically addresses uncertainty through: Methodical reduction of controllable

May it help you defeat the dragon of uncertainty! Download your template here.

Compliance risk are the effects of uncertainty of non-conformance. These impede outcomes. Obligation risk (i.e. opportunities) are the effects of uncertainty of conformance.

compliance which in turn results in a divergence of attention and action creating greater complexity and uncertainty promise-based approach creates the opportunity for actions to converge which reduces complexity and uncertainty These systems are unable to keep up and as result increase the level of uncertainty and corresponding Unmitigated and Preventable Risk Obligation-based systems tend to assume certainty of the conditions In practice, they contend with uncertainty better because they assume that it exists right from the start

While these areas certainly warrant attention, it's important to recognize that uncertainty and risk question isn't how to eliminate all risks, but rather how to best achieve objectives while navigating this uncertainty Compliance officers must justify budgetary needs while considering potential uncertainties.This also approach, including the operationalization of obligations, organizational alignment, contending with uncertainty safeguarding business integrity and ensuring the sustained success of the organization in the face of uncertainty

excited to delve into the realm of Lean Logistics and the profound impact that LEAN has on managing uncertainty

The view that AI is agnostic when it comes to risk, ignores the inherent uncertainties that lie within

They knew that taking a chance means embracing uncertainty and the possibility of both good and bad outcomes risk management looks like: Risk adjusted plans improve the probability of success in the presence of uncertainty

What are the effects of uncertainty on safety objectives? What threatens safety? We call this, "irreducible uncertainty." However, there is another kind of uncertainty, "reducible uncertainty", which we can buy down by improving A managed cyber safety program will effectively address both kinds of uncertainty. management processes to ensure safety is achieved, consistently, and that improves over time to address new uncertainties

This shift involves effectively contending with uncertainty to minimize public harm and maximize mission In this case organizations endeavour to keep uncertainty and its detrimental consequences at bay, ensuring Keeping uncertainty from penetrating lines of defence is also critical to mission success.