On July 2, 2014, PHMSA held a public workshop to discuss key concepts underlying a rapidly evolving national consensus standard for Safety Management Systems. This workshop expanded on concepts explored in the first PSMS workshop — held in February 2014 — by detailing how those concepts are advanced in the emerging standard.

Watch the first PSMS workshop here: http://www.youtube.com/playlist?list=PL4wHDsuQ-uKm7Mz20uvkeagVu2u_Cro6o

Have you ever wondered how companies come up with solutions to the world’s major problems? If your answer is yes, this podcast is for you. If your answer is no, this podcast is still useful. Get ready to be inspired and informed at the same time.

Today’s episode features Julian Dixon, the CEO of Napier. Julian shared his business journey and how he found an opportunity to create a company that solved FS regulatory problems.

Listen to us talk about how pioneering companies can make a reputation for themselves. Having good tech is just half of doing so. The other half? Credible stories and branding to back them up. Remember, it’s Bran’s story that made him king in the Game of Thrones finale.

As a leading tech company, Napier helps financial institutions become better at monitoring and detecting fraudulent activities. The company’s platform is efficient, scalable, configurable, and user-friendly. These outstanding features allowed Napier to acquire various companies. It continues to grow, proving that tech is what companies need to solve problems and reach their goals.

On top of all that, we talked about the need for businesses to scale during the pandemic. Indeed, flexibility and versatility are the characteristics companies need to move forward.

Scaling Now?

Want to speed up your scaling journey with my help? Get in touch with me here to see how I can help! [email protected]
The Fintech Scaling Show: https://thescalingshow.podbean.com
Linkedin: https://www.linkedin.com/in/rhdoherty

#fintech #insurtech #wealthtech #fintechscalingshow

Medical device software risk management can be a challenge! In this video, you will not only learn about the difference between “software risk control” and “risk control measures implemented by software”, you will also learn about where to look for potential software causes contributing to hazardous situations. And finally, how to document software risks, causes and measures.

This is an excerpt from the course “Introduction to Software for Medical Devices and IEC 62304” which is available at:
https://medicaldevicehq.com/iec62304

Read more about risk control measures in medical device software here:
https://medicaldevicehq.com/risk-control-measures-in-medical-device-software/

Don’t miss checking out the online course Introduction to SaMD and IEC 82304-1:
https://medicaldevicehq.com/introduction-to-samd-iec62304-and-iec-82304-1-online-course/

Chapters:
0:00 Introduction
0:17 About the author
0:42 Reasons for confusion in software risk management
1:23 Software risk controls vs. risk controls implemented by software
3:18 Probability of software failure
4:46 P1
5:40 Identifying potential causes for software failures
6:41 Development process
7:14 Software system
8:00 Software items
8:30 Risk controls
9:27 Hazard traceability matrix
11:42 Calculating Po
12:19 Evaluation matrix
12:52 Risk control options analysis
14:27 Additional resources

Risk management often uses specific terminology to help explain risk related principles and processes. ‘Control’ is one such word and plays an important part in helping businesses achieve their objectives, so it’s important to understand what is a control and how it helps manage risk.