First, kudos to the FAIR team for nudging the IT community towards better risk analysis. I was first introduced to FAIR methodology approximately 2 years ago at the Copenhagen risk management conference. The timing was quite fortunate since we just finished a project quantifying intellectual property risks for a major telecom client in Russia. We… Continue reading 3 steps to make FAIR methodology so much better and avoid common pitfals
Author: Alex Sidorenko
#ChangingRisk – Gerenciamento de risco costumava ser uma ciência, depois virou uma arte e agora?
Últimas visões de Alex Sidorenko sobre como a “inovação”, falta de competências e os consultores estão matando o gerenciamento de riscos em organizações não-financeiras e o que vem por aí atualizado em 2019 especificamente para Strategicrisk https://www.strategic-risk-europe.com/risk-management-used-to-be-a-science-then-it-became-an-art-whats-next/1429754.article. Primeiro havia ciência… Algumas fontes sugerem que a teoria da probabilidade surgiu nas apostas e nos seguros marítimos. Em ambos… Continue reading #ChangingRisk – Gerenciamento de risco costumava ser uma ciência, depois virou uma arte e agora?
Forget about risk management. Measure the likelihood of success instead. #ChangingRisk
My friend, Norman Marks, has been talking about rebranding risk management for years. Norman calls for risk professionals to focus on enabling success rather than avoiding failure. I think this is brillian advice. A way to communicate risk management insights to executives and the Board is to talk about the likelihood of success. Well, the… Continue reading Forget about risk management. Measure the likelihood of success instead. #ChangingRisk
Is IIA secretly trying to kill risk management? Sometimes I wonder.
IIA recently published a Practice Guide on Assessing the Risk Management Process. It sounded interesting so I set aside some time to go through the document. Overall verdict The maturity model proposed by IIA has exactly the same fundamental flaws that all of the other 100+ consulting risk maturity models out there have. Plus, while… Continue reading Is IIA secretly trying to kill risk management? Sometimes I wonder.
Finally! An alternative to risk matrices
Ok, the title is obviously a joke, because the alternatives (multiple) have been available to anyone willing to learn for over 50 years. But since you clicked, this article will probably change your life for the better. Thank you Damir Ramazanov, Group Project Risk Manager, ERG for helping with the article and providing quality review. … Continue reading Finally! An alternative to risk matrices
The most inspirational story about risk management you will ever read ;)
Most of you know me as an obnoxious risk management blogger who is rude to anyone who uses heat-maps and risk registers as well as to people who think that running risk workshops and preparing quarterly risk reports is a good idea. But there is a lot more to the story. Here is how me… Continue reading The most inspirational story about risk management you will ever read 😉
Best risk management resources. And they are totally free
Psychology of Intelligence Analysis Richards J. Heuer, Jr. This volume pulls together and republishes, with some editing, updating, and additions, articles written during 1978-86 for internal use within the CIA Directorate of Intelligence. Four of the articles also appeared in the Intelligence Community journal Studies in Intelligence during that time frame. The information is relatively timeless and… Continue reading Best risk management resources. And they are totally free
If cognitive biases in decision making are a given, how do risk managers overcome them?
If we accept there is a cognitive bias in decision making, how can we as risk professionals account for this and help our senior executive make better bias-free decisions? Risk Academy’s Alex Sidorenko discusses. Originally published for Knowledge@StrategicRisk https://www.strategicrisk-asiapacific.com/the-knowledge/overcoming-cognitive-bias-in-senior-executives/1428016.article The earliest psychometric research was performed by psychologists Amos Tversky and Daniel Kahneman (who later won a Nobel… Continue reading If cognitive biases in decision making are a given, how do risk managers overcome them?
PMI’s Draft Standard for Risk Management in Portfolios, Programs, and Projects is absolute rubbish
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
5-WEEK CHALLENGE: integrating risk management into decision making
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
