BioFunction is proud to introduce CASM-Dynamic Tiered Enterprise Risk Resolution (D-TERR), the industry's most sophisticated knowledge-system based enterprise risk management platform & toolset, that assists companies in managing "wicked" problems associated with complexity and uncertainty.

A "knowledge-system" is a system that employs the use of trained personnel & experts, integrative process and technology to create methodologies that allow companies to make better, and more robust, decisions in uncertain environments.  "Wicked" problems are "unsolvable" problems.  They are characterized by unpredictable events [emergence], non-reducible [non-ergodic] problems and disparities in perspectives [non-monotonic] caused by networks of people, heirachies and multiple viewpoints.

Wicked problems can have a profound effect on a company's bottomline that dramatically affects their ability to compete and survive in a global marketplace.  Wicked problems:

  • Needlessly waste limited company resources (financial & human capital),
  • Create exorbitant cost overruns in large projects,
  • Account for project failures that become antiquated before they are fully deployed costing employers BILLIONS each year,
  • Diminish dynamic team performances, or worse, cause polarization of team members,
  • Retard the overall strategic effectiveness of a company, and
  • Can result in significant loss of market share.

In response to this problem, BioFunction in partnership with Praxis-CASM Inc. now offers an integrated CASM-Dynamic Tiered Enterprise Risk Resolution Toolset that incorporates the bipolar perspectives of risk management (i.e. managing versus mitigation) into a workable solution for better, consistent and more robust decision making at ALL levels of the organization -- from the 30,000 foot strategic level to the boots-on-the-ground operational level.  Something that has heretofore been unobtainable by traditional enterprise risk management as it is currently executed.

CASM (Complex Adaptive Situational Methodology) incorporates theories and models that stem from system sciences, learning, engineering, social sciences, philosophy, mathematics and quantum theory to provide enhanced capabilities in decision making, risk management, program & planning management, and strategic effectiveness.  The purpose of CASM is to provide a methodological structure that facilitates robust behaviors for decision-making, managing, engineering and operation throughout the ENTIRE organization.  It also allows a company to track the impact of their decisions using virtual real time analysis that preserves and disseminates a company's knowledge base.  The end result is companies are now empowered with an effective and efficient way of dealing with uncertainty, complexity and change.

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