With a name like OODA

Here’s an interesting paper on uses of OODA loops in TPRM. For the uninitiated, that’s “third party risk management.”

Maley_OODA_Loop_InnovativeTPRMAs one of the aforementioned unenlightened, I had to look it up. Here, for example, is an introduction  by PWC Canada.  I think the basic idea is that risk taken on by your suppliers and sub-contractors flows to you, but it’s your name and reputation on the final product. So how do you manage this “third-party” risk and still achieve the benefits?

Bob Maley, former Global Head, Third Party Security and Inspections, PayPal, Inc.; Co-Chair, Continuous Monitoring Working Group of Shared Assessments (managed by the Santa Fe Group), recently wrote a white paper for his working group. You have to love the title, “Innovations in third-party continuous monitoring: With a name like OODA, how hard can it be? (1.1 MB PDF)

It can be a little slow going for people not in that field, but I think you’ll find interesting applications of the OODA “Loop” concept that may provide ideas for your snowmobiles.

2 thoughts on “With a name like OODA

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