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The BPC RiskWiki

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Introduction to the RiskWiki

This wiki is sponsored by Bishop Phillips Consulting (http://www.bishopphillips.com/) for the education, use and enjoyment of our clients, educators, the public and professionals involved in management consulting and risk advisory, compliance, internal audit, insurance claims management, safety, governance and risk analysis industries. It provides reference articles on management, risk and risk related functions including: Risk Management, Internal Audit, Governance, Compliance, and Process Reengineering, etc.


The RiskWiki is based on the articles, methods, manuals and papers of primarily three firms: Bishop Phillips Consulting P/L, Stanton Consulting Partners and Bishop Finance P/L. These firms are contributing a large body of work amassed over many years experience with hundreds of clients. The project to convert and upload much of our BPC software help & manuals, extended body of consulting, risk and internal audit methods and models, and education and research materials is a large and time consuming project so the RiskWiki content changes frequently and will do so for the foreseeable future.


With the exception of all software documentation, and those additional documents marked otherwise, all written material on this site may be used freely by readers for any purpose including reproduction, subject only to the retention of moral rights by the authors. Some articles may include images for which additional permission may be reuired prior to reproduction. Software documentation may be duplicated in hard-copy for internal use by registered users of the systems with current maintenance agreements. Other uses of software systems documentation will be considered on written request.


Things to See in The RiskWiki

BPC RiskManager

  • Are you looking for BPC RiskManager Documentation or to learn more about the software?
Bishop Phillips supplies the BPC RiskManagement suite of governance software that provides a complete governance solution across risk management, controls management, compliance management, insurance management, claims management, incident & hazard management, audit risk management, governance document management and survey generation and management. The system can be installed in configurations ranging from single-user to very large scale enterprise configurations.


The system is particularly suited to managing and reporting on the risk and compliance management tasks of government agencies, whole of government, special project, not-for-profits, insurance providers, service industries, utilities, and tertiary education sectors. You will find an extensive body of information covering technical, administration and user level tasks here.


If you have questions they may be answered in our frequently asked questions.

Frequently asked Questions About BPC RiskManger

Background

We will be acquiring an Enterprise license. We are looking to have RM implemented across a group of companies. They will all be using the same instance with same fields and definitions as the subject matter is the same, but they will each be on different servers, with different IT teams managing them. Can we use a single server license or will we require multiple server licenses?


Answer

Yes, and no. Firstly, the Enterprise license is not the best license for this, but rather a Group license (assuming all the companies are related entities) and you expect them all to adopt the BPC RiskManager system. Enterprise License counting is on production servers and legal entities (so you can have as many test and training servers as you like). Each system can have as many databases as you like (we don't license by the database).


The principal difference between the Group and Enterprise licensing is that the total license fee is capped, on the condition that the ..→Read More..

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Definition

As a project management philosophy originating from 1986 but not really taking off until post 1995, Agile has traditionally been a project management approach focused into the IT space and specifically in software development and system implementation. As a reaction to the traditional waterfall approach, it is a method emphasizing iterative delivery, customer feedback, and adaptive planning, that in its enterprise form is now scaled across entire organisations rather than just IT projects. Consultants use it to redesign governance, funding models, and cross functional ways of working.

In the age of agentic AI adoption, it is perhaps a particularly relevant philosophy of organisational and product change realisation. It's embracement of change itself as a core understanding and focus on small incremental steps followed by review and learning is highly relevant to the experimental nature of agentic AI rollouts in the enterprise. Further, it's adoption of small task focussed teams is ideal for the adoption of AI agent augmented human-AI teams and lastly its model of continuous review and learning through incremental tasks is precisely the organisational structure that agentic AI needs to contain context drift and manage quality.

Agile

Agile is a philosophy first, and the methods (Scrum, Kanban, Scrumban, XP, DSDM, SAFe, etc.) are simply different expressions of that philosophy. Treating Agile as a set of rituals or ceremonies is one of the most common misunderstandings in industry; the philosophy is the anchor, and the frameworks are optional implementations.

Agile is a philosophy of managing work under uncertainty by prioritizing adaptability, customer value, and continuous learning. Frameworks like Scrum and Kanban are methods that operationalize this philosophy in different ways.

It is built on a set of beliefs about how work should be approached in environments where:

  • requirements change
  • customers don’t fully know what they want
  • teams must learn as they go
  • speed of feedback matters
  • complexity is high

Four Philosophical Pillars

At its heart, Agile is a mindset built around four philosophical pillars:

  1. Empiricism over prediction
    Agile assumes that in complex work, you cannot plan everything upfront. Instead, you:
    • build something small
    • inspect the result
    • adapt based on what you learned

    This is the same philosophical foundation as scientific experimentation.

  2. People over processes
    Agile assumes that:
    • motivated, collaborative people
    • with autonomy and clarity
    • outperform rigid processes and hierarchical control

    This is why Agile emphasizes self‑organizing teams, psychological safety, and cross‑functional collaboration.

  3. Value over output
    Agile rejects the idea that “more features = more success.” Instead, it focuses on:
    • delivering the highest‑value work first
    • validating assumptions early
    • eliminating waste

    This is why Agile teams talk about outcomes, not deliverables.

  4. Adaptation over adherence.
    Agile is inherently anti‑dogmatic.
    • If a process stops adding value, you change it.
    • If a framework doesn’t fit, you modify it.
    • If a plan ..→ Read More..

BPC SurveyManager

  • Are you looking for BPC SurveyManager Documentation or to learn more about the software?
Bundled with the BPC RiskManager suite and also supplied in both hosted and installed forms, the BPC SurveyManager software solution is an outstandingly versatile interactive web page generation engine using a survey model as the design and data storage paradigm. While being outstanding at survey creation and management the software is powerful enough to build build conventional data-input web pages. The full technical and SM language programming documentation is available from here.


Research into Virtual Worlds in Business & Education

  • Are you looking for our virtual Learning research papers?
Through our Virtual Worlds research group - "Waisman Learning Systems", we do extensive work in the development of virtual learning and business spaces in SecondLife, and undertake considerable formal research into the application of Virtual Worlds to learning. You will find technical and text book material in our Virtual World Learning Systems pages. There is an extensive overview of the literature, and history of virtual worlds, a very large bibliography, details of our in-world networked lecture theatre control systems and lecture delivery systems, and a complete documentation of an extensive academic study undertaken by our WLS team into the effectiveness at achieving learning outcomes of different approaches in delivering course material in 3D virtual worlds.

You will find an extensive reading list and bibliography of works covering virtual worlds and virtual reality concepts, history, ideas, related technologies, and application in learning as well as relevant papers on learning taxonomies and teaching concepts relevant to virtual world learning systems here.


Internal Audit and Management Science

  • Are you heading up an Internal Audit Team or learning internal audit methods?
If yes, you will find complete enterprise level internal audit methods and manuals on this site cross linked to our other management papers. The internal audit manuals cover everything from managing the audit team through planning the audit program to the detail of designing the audit, conducting interviews and undertaking the controls analysis; to reporting the results. Everything you are likely to need to manage and train an internal audit team is here.


  • Are you a manager, management consultant or student of Management Science?
You will find articles covering topics of general management and process management methods in the RiskWiki including the detailed theory and practice of plannning, process re-engineering, control theory and our proven theories in stakeholder network organisation modelling. The work here is generally unique to this site. All methods have been used extensively and effectively in practice. Start here with process engineering.


  • Are you managing a merger or an acquisition?


Take a look here first and learn about the risks in mergers and acquisitions and successful strategies for managing them from our team who have been through it successfully from both sides or the equation multiple times.

Take A Random Look At The RiskWiki

From the Vault of the BPC RiskWiki...

CHAPTER 3: Research Design

3.1 Introduction

This study measured learning outcomes through the achievement scores of a multiple choice post-quiz at two cognitive levels of Bloom’s Factual Knowledge: Remember and Understand for two different lectures delivered in the virtual world of Second Life.


This chapter will discuss the research design of this study along with the researcher’s theoretical assumptions, environment design, lecture material design and analysis methods used in producing the results discussed in the next chapter of this thesis.


3.2 Problem Statement and Research Hypothesis

The problem of this study was to determine the difference in learning outcomes between two randomly selected groups that attended the same lecture in a 3D virtual world using differing methods of delivery. Group 1 received a 2D slide show with pre-recorded audio in a lecture room setting (emulating a classical lecture in a 3D virtual world ..→Read More..