|By PR Newswire||
|March 13, 2014 07:50 PM EDT||
GOLD COAST, Australia, March 13, 2014 /PRNewswire-iReach/ -- Gregory Carroll, an enterprise risk management systems expert whose has consulted over 30+ years some of the world's largest companies and highest-security organisations, has a new book on risk management available from Amazon. Mastering 21st Century Enterprise Risk Management treats the subject not as merely a way to sidestep problems, but rather a way to add value. A free excerpt of the book is available for download at fasttrack365.com/ERM-book.
Risk management has traditionally focused on the downside—the "what if"—of risk, Carroll says. What if I get audited; will my documentation be in order? What if someone gets hurt? Risk has also traditionally been as siloed as many organizations, each functional area requiring its own unique parameters without any interaction. Different areas may even use different software.
"Modern risk management philosophy goes beyond 'staying out of trouble.' It incorporates the upside of risk—the people and process efficiencies that result when a holistic risk management framework is integrated into all aspects of the business and aligned to specific business objectives," Carroll says. "Investing in risk management, as with all other investments, must produce a return."
Mastering 21st Century Enterprise Risk Management explains why many risk management systems are broken and what needs to be done to fix them. It also explains the pitfalls to avoid when deploying an ERM system.
Carroll draws on his 30 years of experience as a business owner serving some of the largest organisations in Australia, both in the government and the private sector. But he also stays on top of current research into the subject. He notes a KPMG study published this year whose name sums up the situation: "Expectations of Risk Management Outpacing Capabilities - It's Time For Action."
Done properly, however, risk management can be a powerful tool for innovation, agility and growth. The reason few people harness this power is that they are focusing instead on administrating the process.
Carroll addresses the widespread disillusionment with risk management at C-Level particularly with enterprise risk management. With 40% of software implementation projects classed as having failed and the track record of QMS and ERM to-date, most organisations are behind the 8 ball before they start. He also explains the secrets to successfully implementing management systems in large organisations and how to achieve cultural change vital for success. Carroll then looks forward at future of risk management in the 21st century, and how it must produce a return of investment.
Mastering 21st century risk management goes beyond keeping your company on good terms with regulators. "Effective enterprise risk management takes a holistic approach to identifying, assessing and mitigating risk throughout the organization and is based on business objectives," Carroll says.
ABOUT THE AUTHOR
Greg Carroll (@365compliance) has 30 years' experience addressing risk management systems in life-and-death environments eg Dept. of Defence and Victorian Infectious Diseases Laboratories. He has also worked for decades with multinationals like Motorola. He is Founder and Technical Director at Fast Track, author of the ebook Mastering 21st Century Risk Management, and author of the Compliance Today blog.
ABOUT FAST TRACK (AUST) PTY LTD
- 30 year history
- 400+ installations globally
- Specialists in mission critical environments
- Defence Security Clearance
For 30 years Fast Track (Aust) Pty Ltd has specialised in regulatory compliance and enterprise risk management for medium and large organisations. The company deploys enterprise-wide solutions for Quality, Risk, Environmental, OHS, Supplier, and Innovation Management. Product and media enquiries: +61 7 5591 8977
FREE RESOURCES AVAILABLE AT HTTP://WWW.FASTTRACK365.COM
- Mastering 21st Century Enterprise Risk Management – Free Excerpt (PDF)
- 10 Essentials of Enterprise Compliance Software Handbook (PDF)
- ISO9000 Quality Management System Data Sheet (PDF)
- Audit Management Data Sheet (PDF)
- Risk Management Data Sheet (PDF)
- FastTrack.net 2013 Product Guide (PDF)
News & Commentary
- Case Studies
- Compliance Today Blog
- Company News Releases
- Customer Reviews
- Pricing Information
- Mastering 21st Century ERM Part 3: Best practices in risk management systems within large organisations.
- Mastering 21st Century ERM Part 2: Secrets to successfully implementing management systems within large organisations.
- Mastering 21st Century ERM Part 1: Firing Failed Risk Practices: The latest findings on enterprise risk management from KPMG, leading actuarial firm Milliman, and the 2013 15th OpRisk conference.
- Relationships-as-Data Architecture of Modern Enterprise Compliance Software: See an example of what's possible with our enterprise compliance system's unique data architecture.
- 2-Minute Overview of FastTrack.net Enterprise Compliance Software: Compare compliance software including solutions from Oracle, IBM, or Accenture.
- Demo of Fast Track Enterprise Compliance Software: View a demonstration of the Fast Track Governance, Risk and Compliance functions available and key product benefits.
Media Contact: Greg Carroll, Fast Track (Aust) Pty Ltd, +61 7 5591 8977, [email protected]
News distributed by PR Newswire iReach: https://ireach.prnewswire.com
SOURCE Greg Carroll
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
Feb. 28, 2017 01:15 AM EST Reads: 2,803
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
Feb. 27, 2017 11:45 PM EST Reads: 890
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
Feb. 27, 2017 11:00 PM EST Reads: 9,159
Ayehu provides IT Process Automation & Orchestration solutions for IT and Security professionals to identify and resolve critical incidents and enable rapid containment, eradication, and recovery from cyber security breaches. Ayehu provides customers greater control over IT infrastructure through automation. Ayehu solutions have been deployed by major enterprises worldwide, and currently, support thousands of IT processes across the globe. The company has offices in New York, California, and Isr...
Feb. 27, 2017 10:45 PM EST Reads: 803
Tintri VM-aware storage is the simplest for virtualized applications and cloud. Organizations including GE, Toyota, United Healthcare, NASA and 6 of the Fortune 15 have said "No to LUNs." With Tintri they manage only virtual machines, in a fraction of the footprint and at far lower cost than conventional storage. Tintri offers the choice of all-flash or hybrid-flash platform, converged or stand-alone structure and any hypervisor. Rather than obsess with storage, leaders focus on the business app...
Feb. 27, 2017 10:15 PM EST Reads: 705
Addteq is one of the top 10 Platinum Atlassian Experts who specialize in DevOps, custom and continuous integration, automation, plugin development, and consulting for midsize and global firms. Addteq firmly believes that automation is essential for successful software releases. Addteq centers its products and services around this fundamentally unique approach to delivering complete software release management solutions. With a combination of Addteq's services and our extensive list of partners,...
Feb. 27, 2017 10:00 PM EST Reads: 1,299
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and sh...
Feb. 27, 2017 09:15 PM EST Reads: 4,175
Big Data, cloud, analytics, contextual information, wearable tech, sensors, mobility, and WebRTC: together, these advances have created a perfect storm of technologies that are disrupting and transforming classic communications models and ecosystems. In his session at @ThingsExpo, Erik Perotti, Senior Manager of New Ventures on Plantronics’ Innovation team, provided an overview of this technological shift, including associated business and consumer communications impacts, and opportunities it m...
Feb. 27, 2017 08:00 PM EST Reads: 7,965
WebRTC is about the data channel as much as about video and audio conferencing. However, basically all commercial WebRTC applications have been built with a focus on audio and video. The handling of “data” has been limited to text chat and file download – all other data sharing seems to end with screensharing. What is holding back a more intensive use of peer-to-peer data? In her session at @ThingsExpo, Dr Silvia Pfeiffer, WebRTC Applications Team Lead at National ICT Australia, looked at differ...
Feb. 27, 2017 07:45 PM EST Reads: 7,384
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
Feb. 27, 2017 07:45 PM EST Reads: 1,634
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
Feb. 27, 2017 07:30 PM EST Reads: 2,269
SYS-CON Events announced today that IoT Now has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. IoT Now explores the evolving opportunities and challenges facing CSPs, and it passes on some lessons learned from those who have taken the first steps in next-gen IoT services.
Feb. 27, 2017 07:15 PM EST Reads: 1,999
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, discussed the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports.
Feb. 27, 2017 07:00 PM EST Reads: 2,609
SYS-CON Events announced today that WineSOFT will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Based in Seoul and Irvine, WineSOFT is an innovative software house focusing on internet infrastructure solutions. The venture started as a bootstrap start-up in 2010 by focusing on making the internet faster and more powerful. WineSOFT’s knowledge is based on the expertise of TCP/IP, VPN, SSL, peer-to-peer, mob...
Feb. 27, 2017 07:00 PM EST Reads: 2,220
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain.
Feb. 27, 2017 06:45 PM EST Reads: 2,270