FREE BOOK: Guide to effective risk management (50000+ downloads)

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 (50000+ downloads)

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Absolute triumph for the quantitative risk analysis – part 3/3

I started writing yet another article trying to convince risk managers to grow their quant competencies, to integrate risk analysis into decision-making processes and to use ranges instead of single point planning… but then I thought… why bother… why not show how risk analysis helps make better risk based decisions instead? After all, this is… Continue reading Absolute triumph for the quantitative risk analysis – part 3/3

Skin in the game: can risk managers use their witchcraft to make money – part 2/3

I started writing yet another article trying to convince risk managers to grow their quant competencies, to integrate risk analysis into decision-making processes and to use ranges instead of single point planning… but then I thought… why bother… why not show how risk analysis helps make better risk based decisions instead? After all, this is… Continue reading Skin in the game: can risk managers use their witchcraft to make money – part 2/3

Book review: Winning conversations by Bryan Whitefield is very nice

I really enjoyed reading the new book “Winning conversations: How to turn red tape into blue ribbon” by Bryan Whitefield. Here are some of the reasons why: The message is very timely. Most of us already know how to run 10000 scenario simulations on business plans and budgets and how to get amazing insights for… Continue reading Book review: Winning conversations by Bryan Whitefield is very nice

Skin in the game: if risk managers are so smart why are they not millionaires?

I started writing yet another article trying to convince risk managers to grow their quant competencies, to integrate risk analysis into decision-making processes and to use ranges instead of single point planning… but then I thought… why bother… why not show how risk analysis helps make better risk based decisions instead? After all, this is… Continue reading Skin in the game: if risk managers are so smart why are they not millionaires?

Should it be objective-centric ERM or decision focused risk management or risk-based decision making or just decision making?

Couple of months ago I promised Hans Læssøe to respond to his article about the link between risk management and decision making. I finally managed to summarise my thoughts in this short video: https://www.youtube.com/watch?v=AHUW1Tecfac, but basically I believe risk management was hijacked by auditors and consultants approximately 30 years ago and turned into a joke and… Continue reading Should it be objective-centric ERM or decision focused risk management or risk-based decision making or just decision making?

Guest blog – Werner Gleissner – Risk management basics

The article clarifies the most essential methods for risk management. This includes especially the methods for identification, quantification and simulation based risk aggregation (e.g. monte carlo simulation). It is pointed up that an appropriate quantification of all relevant risks and a risk aggregation by the monte carlo simulation are both crucial for an efficient risk… Continue reading Guest blog – Werner Gleissner – Risk management basics

92. Why risk managers need to understand cognitive biases

Alex Sidorenko from RISK-ACADEMY talks about cognitive biases and why it is important for corporate risk managers to understand them and know how to work around them or limit their influence on decision makers. What do you think? – – – – – – – – – – – – – – – – At… Continue reading 92. Why risk managers need to understand cognitive biases

91. The link between strategic planning and risk management

Alex Sidorenko from RISK-ACADEMY talks about possible links between strategic planning and risk management. What is the best way? What do you think? – – – – – – – – – – – – – – – – At RISK-ACADEMY we have compiled free videos of lectures, seminars and interviews with Russian risk managers,… Continue reading 91. The link between strategic planning and risk management