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September 2020 Issue
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Dear Reader
 
 
Contributions for September Issue of The Best Practice Magazine:  

Submit your article about SI (Supporting Implementation); CAR (Causal Analysis & Resolution), DAR (Decision Analysis & Resolution) & CM (Configuration Management) for next month's issue of The Demix Best Practice Magazine. Congratulations to Sunil Bakshi who had the most views for his August 2020 article entitled, Portfolio, Program and Project Management Using COBIT 5.
Send your Articles / Presentations / Tools to This email address is being protected from spambots. You need JavaScript enabled to view it.                          

Definition of - MBR (Managing Business Resilience)


MBR (Managing Business Resilience) :
This CA addresses the ability to anticipate, prepare for, and respond to interruptions in order to continue operations. It involves identifying, evaluating, prioritizing, and handling risks. It ensures timely and effective resolution and prevention of interruptions to minimize the impact on business operations and ensures the best possible level; of service quality. It addresses defining a minimum set of critical functions that must continue in the event of significant interruption of normal operations.

RSK (Risk & Opportunity Management) includes:
  • Identifying threats and opportunities
  • Evaluating their likelihood of occurrence and impact
  • Mitigating potential threats
  • Leveraging potential opportunities
IRP (Incident Resolution & Prevention) includes:
  • Identifying actual and potential incidents that may impact delivery
  • Establishing the approach for addressing incidents as they occur
  • Analyzing incidents to prevent recurrence
CONT (Continuity) : 
  • Plans and validates the critical set of functions and resources needed to continue operations when a significant or catastrophic event occurs.
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CMMI Articles/Presentations - MBR (Managing Business Resilience); RSK (Risk and Opportunity Management), IRP (Incident Resolution and Prevention), and CONT (Continuity).

Article: (MBR) The Importance of Risk Management In An Organisation
Published: 15 Aug 2013 By CareersinAudit 

https://www.careersinaudit.com

The uncertain economic times of the past few years have had a major effect on how companies operate these days. Companies that used to operate smoothly with the help of forecasts and projections now refrain from making business judgments that are set in stone. Now, companies have a renewed focus: to manage risk.

Risk is the main cause of uncertainty in any organization. Thus, companies increasingly focus more on identifying risks and managing them before they even affect the business. The ability to manage risk will help companies act more confidently on future business decisions. Their knowledge of the risks they are facing will give them various options on how to deal with potential problems.

Read more 

© 2005 – 2020 CareersinAudit.com Limited. 


 

SCRUM Articles/Presentations - MBR (Managing Business Resilience); RSK (Risk and Opportunity Management), IRP (Incident Resolution and Prevention), and CONT (Continuity).

Article: (MBR) Managing Risk on Agile Projects with the Risk Burndown Chart by Mike Cohn.

https://www.mountaingoatsoftware.com/

Risk management is a central part of traditional project management and is included as one of the knowledge areas in the Project Management Institute’s (PMI) body of knowledge. In many of my classes, participants ask how Scrum and agile address risk management. Some are concerned that agile or Scrum ignore risk management completely. Let’s see why this is the case. First, a great deal of explicit risk management becomes unnecessary when a project uses an agile approach. The short iterations, single-minded focus on working software, heavy emphasis on automated tests, and frequent customer deliveries help teams avoid the biggest risk most projects face—that of eventually delivering nothing. So, it is not surprising that many agile projects forgo any form of explicit risk management. To put it in risk management terms, for these projects the likely savings from explicitly managing risks is outweighed by the cost of explicitly managing risk.


Read more

Copyright ©1998-2020 Mountain Goat Software. All Rights Reserved.

 

Six Sigma Articles/Presentations - MBR (Managing Business Resilience); RSK (Risk and Opportunity Management), IRP (Incident Resolution and Prevention), and CONT (Continuity).

Article: (MBR) Ensure Financial Sustainability As Part of Your Project Risk Management by John P. Reiling.


https://www.brighthubpm.com/

Sustainability, which is more often associated with environmental or other larger societal concerns, is often not associated with financial considerations, which is a complete show-stopper risk.  Public pressure tends to be in external-facing areas such as environmental, community planning, regional economic impact, and impact to local services. In fact, sometimes these considerations even come at odds with internal financial viability and sustainability, which need to be in place to accomplish any of these other external-facing objectives.


Read more

Copyright © 2020 Bright Hub PM. All Rights Reserved.

COBIT - Articles/Presentations - MBR (Managing Business Resilience); RSK (Risk and Opportunity Management), IRP (Incident Resolution and Prevention), and CONT (Continuity).

Article: (MBR) An Integrated Approach to Enterprise Risk by Munir A. Majdalawieh, Ph.D.
Source: ISACA Journal Volume 6. ©2013. ISACA. All rights reserved. Used by permission.

https://www.isaca.org

Today, most organizations continue to rely on a traditional approach to risk management. Such an approach is built on stovepipe-oriented risk management, in which the focus is mainly on the tactical business issues and does not consider strategic sources of risk.1 This traditional approach to risk management does not adequately identify, evaluate and manage risk; tends to be fragmented, treating risk as disparate and compartmentalized; limits the focus to managing uncertainties around physical and financial assets; focuses largely on loss prevention, rather than adding value; tends to use linear and sequential process thinking; tends to be highly disaggregated from managing a firm’s risk; and is not holistic.2 Moving to an enterprise risk management (ERM) program is practical, but the level of maturity in adopting ERM is different from one organization to another. Although ERM overcomes many of the limitations of traditional risk management models, it brings its own limitations and challenges.

Read more

This article references COBIT® 5. ISACA® has since updated the COBIT® framework; the newest version is COBIT® 2019.  https://www.isaca.org/resources/cobit.

© 2020 ISACA. All Rights Reserved

AI - Articles/Presentations - MBR (Managing Business Resilience); RSK (Risk and Opportunity Management), IRP (Incident Resolution and Prevention), and CONT (Continuity).

Article: (MBR) Using AI for Risk Discovery and Resolution in Aviation by Matt Warnock.

https://www.mitre.org

Applying AI and machine learning in the aviation safety domain can lead to better decisions and continuous performance improvement.

What if the aviation industry could identify and address safety risks before they occur?
During the last 20 years, information sharing and collaboration between pilots, controllers, manufacturers, and maintenance personnel has led to major improvements in aviation safety. As the quantity of shared data has increased, artificial intelligence (AI) concepts and machine learning techniques needed to be introduced into complex, data-driven models to predict actions, recognize patterns and uncover hidden insights.

Read more


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MITRE is a registered trademark of The MITRE Corporation. Material on this site may be copied and distributed with permission only.

Best Practice Services

PMO Health Checks

Information

dev 1CSVC 1C

Two forms of Health Check are offered the Silver Appraisal (SCAMPI B) and Gold Appraisal (SCAMPI A).

Both are led by a Certified CMMI® Lead Appraiser supported by trained Appraisal Team Members.

The primary difference between the two types of Health Check is the level of rigor and the fact that the SCAMPI A Appraisal can provide a Capability Level for each of the PMO Process Area in scope, the results can also be published on the CMMI® Institute PARS Site (Published Appraisal Results) if required.

The key deliverable 
being a report highlighting strengths and opportunities for improvement. This can optionally be expanded into a comprehensive PMO Improvement Plan the implementation of which can be supported by DEMIX Consultants if required.

If your PMO is not adding the value you expected then perform a DEMIX PMO Health Check to find out why!

To find out more or register interest contact Stephen Woods via the email below:

Stephen Woods 
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CMMI PMO 2

Visit;
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Tools & Models
Introducing CMMI® Development V2.0



The CMMI® is an integrated set of best practices that improve performance and key capabilities for any organization that wants to develop better products, components, and services.

https://cmmiinstitute.com/cmmi/dev

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Attention all Lead appraisers


Send us an email with Subject: Appraisal Plan and we will send you the Demix Appraisal Plan.XLSX tool. It provides wonderful features to simplify your appraisal planning.


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