Risk management is ultimately about creating a culture that would facilitate risk discussion when performing business activities or making any strategic, investment or project decision. In this free book, Alex Sidorenko and Elena Demidenko talk about practical steps risk managers can take to integrate risk management into decision making and core business processes. Based on our research and the… Continue reading FREE BOOK: Guide to effective risk management (30000+ downloads)
For about a second I was excited about the new PMI’s Draft Standard for Risk Management in Portfolios, Programs, and Projects. After all, so much has been published about good risk management in projects http://broadleaf.com.au/resource-material/categories/cost-and-schedule-risk-analysis/ and written by David Hollmann https://www.amazon.com/Project-Risk-Quantification-John-Hollmann/dp/1941075029 I was both amazed at the overall maturity of risk analysis in project management, compared to corporate… Continue reading PMI’s Draft Standard for Risk Management in Portfolios, Programs, and Projects is absolute rubbish
Getting risk management right is not that complicated. Only 2 steps: Step 1 – stop doing risk assessments on a schedule (quarterly, monthly, whatever) and start doing risk assessments as part of the important decision preparation, when and where decisions are taken. Do the risk assessments when preparing the decision proposal for the decision makers.… Continue reading Get risk management right
Let’s get started and make this learning experience fun. I call it the 5-week challenge. It started as a 5-day challenge, but obviously, it was impossible to implement in 5 days or even 10 days, so I renamed it 5-week challenge. Below is a series of challenges that take approximately 1 week each to help… Continue reading 5-WEEK CHALLENGE: integrating risk management into decision making
Dear market participants, An international rating agency Neironix together with RISK-ACADEMY and the Institute for Risk Analysis in Decision Making (ISAR) invite you to take part in an important research dedicated to risk management in cryptocurrency investment. This research will help in the development of a risk management framework designed specifically for the digital economy,… Continue reading QUICK SURVEY: Risk management in cryptocurrency investment
RISK-ACADEMY regularly runs free webinars on various risk management and decision quality topics. Browse the list below to see if any of our existing webinars would be interesting to you or your friends. Please feel free to share this page on social media.
Join Hans Laessoe, founder of AKTUS and former CRO of LEGO, and Alex Sidorenko, for another thought-provoking risk management debate. On the 2d of August we will talk about ERM and what it means to the risk management profession. Join us for this very entertaining debate. FREE REGISTRATION: https://events.genndi.com/register/169105139238458453/32294926ac Alex will argue how most common ERM… Continue reading RISK MANAGEMENT DEBATE: Is ERM a total fraud?
In our first two webinars, our panel discussed the pros and cons of the updated COSO and ISO guidance on effective risk management. They left us with the idea that while both updates are improvements on their prior versions, neither is fully satisfying. In this, the third webinar in the Great Debate series, our panel… Continue reading The Great Debate Part III: Can ERM Realize its Potential in the Real World?
Podcast: Play in new window | DownloadSubscribe: Android | RSSOnce the strategic objectives have been broken down into more tactical, manageable pieces, risk managers need to use the strategy document, financial model, business plan or the budgeting model to determine key assumptions made by the management. Most assumptions are associated with some form of uncertainty… Continue reading PODCAST: Assess the effect of uncertainty on strategic objectives (part 2)
Podcast: Play in new window | DownloadSubscribe: Android | RSSOnce the overall framework/standard is agreed upon and signed off by the key stakeholders (very important to get executives to physically sign off and take some responsibility for the agreement that ISO31000:2018 will become the baseline for the risk management within the organization), it is time… Continue reading PODCAST: Assess the effect of uncertainty on strategic objectives (part 1)