(167c) Understanding the Interrelationships between the PSM Elements for Effective Implementation

Every element of PSM has a role in controlling risk. These elements have an interrelationship – each depends on the implementation of one or more elements for effective implementation. Some elements have a greater influence than others. Understanding these relationships is critical for building and sustaining effective PSM programs. This paper will show through charts, graphs and discussions, these interrelationships, key attributes of each element that influence other elements and how poor implementation of each element adversely effects the implementation of the other elements.