Risk Management Archives

From Pre-mortems to PM Tools, Follow These Tips for Better Project Management

Professional Development

Effective project management is crucial for delivering successful outcomes. Whether you’re just starting a project or looking to improve ongoing management, these tips, including pre-mortems and project management tools, can help you achieve better project management: Pre-Mortems: Conduct a pre-mortem before starting a project. Gather your team and imagine that…

What is 5 Causes of Risk in Management

Professional Development

Risk is an inherent part of management and can arise from various sources. Identifying and mitigating these risks is a critical aspect of effective management. Here are five common causes of risk in management: Uncertainty and Change Risk in Management: Market Dynamics: Changes in market conditions, such as shifts in…

Game Theory in Management

Professional Development

Game theory, a branch of mathematics and economics, has applications in various fields, including management. In management, game theory can help analyze and strategize in situations where the outcomes of decisions depend on the actions of other parties. Here are some ways game theory can be applied in management: Strategic…

Understanding Good Distribution Practices (GDP) in Relation to ISO 9001:2015 Requirements

Professional Development

Good Distribution Practices (GDP) are a set of quality management guidelines and standards that are primarily focused on the proper distribution and transportation of pharmaceutical products, including vaccines, drugs, and medical devices. While GDP does not specifically align with ISO 9001:2015, they can complement each other in certain aspects of…