With this, REC becomes the first public sector NBFC in India to be certified under ISO 31000, marking a new milestone in institutional risk governance. Government-owned non-banking financial company REC Ltd has received ISO 31000:2018 certification for its enterprise-wide risk management framework. The achievement makes REC—a Maharatna PSU—the first Indian public sector NBFC to attain...
Tag: risk management
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If you look at IT companies, the first thing they ask in the RFP is for certified project managers
Planning is key and one of the main pillars of project management. The other way to define project management is basically, plan the work and work the plan.
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Towards a safer offshore O&G Industry
New regulations, such as the recently issued EU Offshore Safety directive, mirror a zero tolerance for offshore accidents. Yet, major accidents still occur.
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Risk identification for effective insurance
The risk identification process identifies and classifies the various risks that could affect an organisation. Its endeavour is to list the risks and the likely impact which can then be tracked all along.
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New CFO at Essar Energy
Essar Energy, the India-focused integrated energy company, announced the appointment of Deepak Maheshwari as Chief Financial Officer. P Sampath, the current Chief Financial Officer, moves to a new role as the President of Business Optimisation and Improvement for Essar Energy
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Risk Management: Mitigating delivery flaws
Infrastructure projects, by their very nature, are long duration and capital intensive. Keeping in mind the nature of infrastructure projects, both the companies and governments involved in the development of infrastructure have to devote significantly high investments, and human and technical resources.
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High performance in infra and construction
Diversification and technical competency will differentiate the wheat from the chaff, say top executives from the infrastructure sector, in a study by Accenture and CIDC.
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More conditions to get bank funds for road projects
The Union Finance Ministry has cited some suggestions as part of its attempts to improve the risk management practices of the public sector banks (PSBs) with regard to the roads sector.
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Integrity Management: How confident are you about safety solutions?
Integrity Management is designed to achieve greater safety by allowing individual operators flexibility in tailoring their programmes to the characteristics of the asset.
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Quantifying bidders' eligibility
Selection of the right private partner in a scientific way for sustainable, effective and viable results is the key to the success of a project.
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