Alex Sidorenko from RISK-ACADEMY talks about risk heat maps and why they are a complete waste of time. There are at least 3 better ways to present risk management information.
Download free risk management book at https://www.researchgate.net/publication/323254437_GUIDE_TO_EFFECTIVE_RISK_MANAGEMENT_30
Can you explain more how theses three ways are better? What makes them better specifically? I’d like to learn more.
There is a whole book on why they are better https://www.amazon.com/Failure-Risk-Management-Why-Broken/dp/1501263870 and there is a study on why heatmaps should never be used https://www.researchgate.net/publication/323254437_GUIDE_TO_EFFECTIVE_RISK_MANAGEMENT_30
Main reasons:
– less misleading
– connected to objetcives or decision istead of dot on a map
– mathimatically meaningful, compared to meaningless heatmaps
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