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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. 

Acceptance Acceptance of risk means that it is acknowledged without measures to address the risk. This strategy is accomplished by introducing measures to eliminate / prevent the potential threat from For opportunities risk handling introduces exploitive measures to increase the probability of the event However, voluntary obligations tend to be seen as investments and measured against a ROI. The lack of available risk measures may demand choosing a different risk handling strategy. 5.

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

More than 75% of companies never measure the effectiveness of their risk & compliance programs.

As a responsible owner, you decide to implement measures to address the high-probability risk, hoping

It defines measures necessary to maintain the integrity of an organization and keep it heading towards its goals without crashing – it is a measure of assurance ( i.e. a golden thread). Measures are put in place to prevent risk events from occurring similar to warning indicators and reduce

particular regulation or standard is interpreted, what defines evidence of compliance, and the controls and measures compliance capabilities include: Risk Management Change Management Documentation and Record Keeping Measurement

, what resources do we need to achieve those outcomes, what obstacles are in the way, and how do we measure

.”– Hannah Arendt” The gap between making those promises and following through is a measure of our integrity

⚡️ How many times have compliance measures been reduced, inadvertently pushing operations to the edge

management is a system-of-systems consisting of governance, programs, systems, work, and control & measure Controls and Measures provide feed-back processes to correct & prevent deviance from standard (Conformance

As such, they will each have their own set of goals, measures and risks.