FREE BOOK: Guide to effective risk management (100000+ 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 (100000+ downloads)

RISK AWARENESS WEEK 2021 IS BACK! EARLY BIRD SALE ENDS IN 11 DAYS. DON’T MISS THE 80% OFF ALL ACCESS TICKETS

Our theme this year is better and greener decision making through risk management with specific focus on better planning, performance management and governance through risk management and decision science. Check out amazing speakers who already joined the conference https://2021.riskawarenessweek.com/ The objective this year is to bring risk management to non-risk professionals who would benefit from its… Continue reading RISK AWARENESS WEEK 2021 IS BACK! EARLY BIRD SALE ENDS IN 11 DAYS. DON’T MISS THE 80% OFF ALL ACCESS TICKETS

Free access to RAW2021 to anyone who lost a job due to COVID-19

The COVID-19 pandemic is taking a heavy toll on people’s health, lives, and societies. Lots of us have felt worried about the coronavirus pandemic, and everyone will feel differently about the changes to lockdown restrictions. If you have lost a job as a result of COVID-19 we would like to offer you free full access… Continue reading Free access to RAW2021 to anyone who lost a job due to COVID-19

Recommended pre-reading for the RAW2021 conference

RAW2021 is coming soon and I wanted to share something valuable with you. During the conference you will hear many of the speakers talk about Risk Management 2 (RM2), decision science, decision quality, probability theory and other terms unfamiliar to many risk practitioners or business decision makers. These 3 things will help you to have… Continue reading Recommended pre-reading for the RAW2021 conference

Call for speakers. Share your risk management or decision making case studies with the world

Deadline for submission – 31 July 2021  We invite industry leaders and practicing risk management and decision support professionals to present their case studies at the RISK AWARENESS WEEK 2021 scheduled from 11-15 October 2021. RISK AWARENESS WEEK is an annual event that aims to promote risk management practices, risk psychology, decision science and quantitative… Continue reading Call for speakers. Share your risk management or decision making case studies with the world

What is a risk? It’s not what you think it is

If there is one thing I learned as a CRO, it is crucial to understand the nature of each and every risk we have to work with. I will no doubt write a separate article about the mistake of aggregating various risks into a risk register or attempting to use the same methodology to quantify… Continue reading What is a risk? It’s not what you think it is

Why Board Audit Committee is the worst place for risk management and having a separate Board Risk Committee is even worse

Over the last 10 years it became almost dogmatic that risk management effectiveness has to be disclosed at the Board level. It seems to be equally accepted that full Board is responsible for risk management oversight, who, however can and often do, delegate this oversight responsibility to the Audit Committee. This is in fact so… Continue reading Why Board Audit Committee is the worst place for risk management and having a separate Board Risk Committee is even worse

Projected Revenue Estimation from Crowdsourced Information on Statistical Errors

By Sam Savage (bio in sidebar) and Shayne Kavanagh (bio) It is difficult for municipal financial officers to accurately estimate their tax revenues, especially during uncertain times such as the recession of 2008 to 2010 and the current COVID-19 pandemic. Customarily forecasts are based on a single number, with no indication of its chances of… Continue reading Projected Revenue Estimation from Crowdsourced Information on Statistical Errors

Chancification – wiring your organization for probability by Sam Savage

Within 150 years of Benjamin Franklin’s reckless kite experiment, which proved “The Sameness of the Electric Matter with that of Lightning,” electrification was distributing electric matter directly to homes and factories for use in lightbulbs and machinery. Now, in a process we call Chancification, three complementary open technologies are creating the power grid for probability,… Continue reading Chancification – wiring your organization for probability by Sam Savage

CRO DIARIES – Using bow-ties for compliance risks with David Tattam

Join Alex Sidorenko, CRO EuroChem, and David Tattam, Chief of Research, Knowledge and Consulting, Protecht, to talk about using bow-ties diagrams for compliance risks. This will be useful, entertaining and highly practical. ISO and COSO have got it wrong when it comes to compliance risks. You can and should quantify compliance risks. Every organisation is… Continue reading CRO DIARIES – Using bow-ties for compliance risks with David Tattam

Benoit Ladouceur – Five distributions that will immediately improve your risk analysis

“It may sound like modelling is a nearly mythical experience where you need to have a firm grasp of arcane mathematics and hermetic financial models to do simulations, but that’s just not the case,” said Benoit Ladouceur, specialist director enterprise risk at VIA Rail Canada. He was giving a practical presentation to an audience at… Continue reading Benoit Ladouceur – Five distributions that will immediately improve your risk analysis