FREE TICKETS AVAILABLE AT https://2020.riskawarenessweek.com/ Learn from some of the best risk management and decision making experts in the world. Each speaker has been carefully selected to share case studies, master classes and workshops with our participants. Each presentation is specifically tailored to appeal to both risk managers and decision makers alike and contains model,… Continue reading 5 reasons for risk managers to attend #RAW2020
While working on the project in the Middle East recently the RISK-ACADEMY team came up with what looks like the best risk identification template I’ve seen in a long time. This is what a good risk register should look like, if there was ever a need for one. Watch the explanation: https://youtu.be/NusqP5gRDyo Here are the… Continue reading Possibly the best risk assessment template #riskawarenessweek2019
Over the last 15 years I have implemented risk management in hundreds of organisations across Europe, Australia and Middle East. Here is a step by step guide how I actually did it. May not work every time and some decision makers will ignore risks no matter what we do, but it did win the Best… Continue reading 30 practical steps to implement risk management 2. Follow these steps to integrate risk management into decision making, processes and culture
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?
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
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
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
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 😉
I have just updated a risk management implementation roadmap/action plan. A risk management roadmap is a concise document which describes the key actions required to implement risk management within a non-financial organization. The actions are divided into 4 categories: risk management 1 (the necessary evil, because many stakeholders still don’t get risk management, try and spend… Continue reading FREE risk management implementation roadmap
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?