ISO 31000 for Property Development

It states in the ISO 31000 standards guide, that organisations of all types and sizes face internal and external factors as well as influences that make it uncertain whether and when they will achieve their objectives.

If we were to look at property development or the construction industry for example, we know that these types of issues are also likely to be evident. So, would ISO 31000 be of benefit to the construction sector?

In this short journal post, we share a presentation that reviews some of the problems of risk management in property development, how risk management currently functions in this industry sector and why it would be advantageous to adopt ISO 31000 in property development.

Retrofitting ISO 31000

There have been some interesting discussions on the G31000 forum over the last week which allude to a future of potential conflict for ISO 31000.

In this short post, we look at some of the headwinds that ISO 31000 is going meet, as the adoption of the standard ramps-up across multiple industries.
  

Cause and Effect Analysis

There are several ways of looking at operational risk specifically but perhaps one of the most exciting and intuitive methods in use today is Cause~Effect Analysis.

In this short post, we look at how Cause-Effect Analysis works and we extend a bow tie diagram further to show how it can be applied to a Cause~Effect risk space.