Establishing measures to improve the probability to keep all your promises and meet all your obligations These costs will be much higher than the measures to buy-down risk in the first place.

To succeed in the presence of uncertainty a balanced scorecard should include objectives and measures

achieved when essential functions, behaviors, and interactions exist at levels sufficient to produce a measure

This is why compliance measured against profit alone misses most of what it produces.

What we are doing is adequate - greater investment in risk and compliance is not needed as existing measures existing programs - risk and compliance programs have lacked effectiveness and further investment in measures

Beyond Checklists: Measuring True PSM Effectiveness Moving beyond simply "following the rules" towards measuring the effectiveness of controls in managing risk remains a core challenge for PSM. 

By carefully tracking performance against promises – a measure of integrity – organizations gain valuable

second line provides expertise, advice and support to manage specific risks and to ensure that effective measures From this measures can be put in place to improve the probability of meeting those objectives. Audit seldom validates effectiveness of programs and systems as measured by the realization of targeted focus includes outcomes produced by the underlying systems and something that audit struggles with measuring

have created the Lean Compliance A3 format which incorporates the bow-tie analysis along along with measures

. ⚡  Learning From Other Risk Domains Perhaps we should adopt risk measures and methods from high-hazard

However, these measures as important as they may be, are not without their own risks against life; as Preventive controls (or measures) are used to reduce the likelihood of getting infected. These measures are expected to reduce and delay the number who get infected. In fact, right now, compliance to these measures is exactly what is needed and critical to flattening The majority of people will comply with these measures and do their part to help flatten the curve by

In the case of environmental decision-making measures are often too slow and too late to effectively The Precautionary Principle is a preventive measure against catastrophic or serious harm in the presence If harm is “certain” then preventive measures commensurate with the level of risk is expected. Precautionary Measures While the application of the Precautionary Principle can be open to interpretation Measures should be periodically reviewed in the light of scientific progress, and amended as necessary