Risk Awareness Week is scheduled for 5 days. Each day will teach you an important aspect of effective decision making. Day three is all about practical application of decision science and risk management to decision making, cyber, information risks and operational risks in banks.
Day four will start with Didier Odorico, Director, Risk Management, Tetra Pak, who will share his journey from RM1 to RM2. Most professional risk managers are still trapped in control activities, struggling to switch their focus to performance. Instead of taking a radical giant step from RM1 to RM2 there is a way for each of us to progressively evolve our function. This can vary a lot, depending on your type of industry, where your company is in its life-cycle and the way your risk management functions is setup. During this session, Didier will explore a few tactics using practical examples.
We will then hear from Robert Brown, Sr Strategic Analyst supporting the Global Automotive group at Novelis. Robert will present short tutorial starting with a decision tree based on the Free Mark Abbey example and then a more advanced example using Monte Carlo simulation in R and/or Analytica using the author’s own algorithm.
It is then my personal pleasure to have not one, but two workshops dedicated to FAIR methodology for quantifying information risks. I used it for quantifying intelectual property risks and it worked like magic. Jack Jones, Chairmana at The FAIR Institute and Osama Salah, IT Security Specialist at Abu Dhabi Department of Finance will share amazing case studies.
Then David Vose will show a live demonstration of what ERM software should look like in the RM2 world. No more heatmaps. That’s a theme we will reinforce every day of the week 🙂
Ariana Chapelle will then offer some simple tweaks to apply to risk reporting – and KRIs reporting – to make it more informative and insightful, attracting attention and driving better decisions. Information lies in deviations and concentrations; make sure you know where they are.
Alex Dali, President at G31000 Institute will talk about practical ideas for risk management implementation. In many organisations, the implementation of the management of risks remains a challenge which could be rectified following the purpose and key principles proposed in the international ISO 31000 risk management standard. This presentation is presenting 10 practical recommendations for an efficient risk management programme in order to better integrate risk into all activities, making the link between objectives, uncertainty, risk and performance.
Make sure you register for all the workshops you want to watch, not just the ones you can watch live. Replays are available forever.
Network and meet new people
RAW2019 already has more than 1500 participants. That is a huge and very diverse community. I know I said it in the last post, but I don’t feel you quite appreciate the magnitude and the potential yet.
We created a new Facebook group where you ask questions, discuss current risk management and decision making trends, exchange templates and get advice from a group of global risk experts. Plus all the latest risk management and RAW news in one place. I will be sharing some offline resources in the group soon, so don’t miss it. Click the image below to join: https://www.facebook.com/groups/riskacademy/
Check out bonuses page on the website
Make sure you register for the workshops listed on our BONUS page https://2019.riskawarenessweek.com/perks/ because some workshops offer a chance to win free mentoring and consulting sessions, books and software. That’s a worthwhile bonus to already amazing content that our speakers will deliver in less than 10 days.
Check out other risk management books
RISK-ACADEMY offers online courses
Informed Risk Taking
Learn 15 practical steps on integrating risk management into decision making, business processes, organizational culture and other activities!
ISO31000 Integrating Risk Management
Alex Sidorenko, known for his risk management blog http://www.riskacademy.blog, has created a 25-step program to integrate risk management into decision making, core business processes and the overall culture of the organization.
Advanced Risk Governance
This course gives guidance, motivation, critical information, and practical case studies to move beyond traditional risk governance, helping ensure risk management is not a stand-alone process but a change driver for business.
