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

Mark Powell – The lost art of building risk matrices and why they should be avoided

Risk matrices have been around for decades, but most people don’t build their own anymore. In fact, Mark Powell told an audience at Risk Awareness Week 2020 that he hadn’t met anybody in 25 years who had built a risk matrix from scratch, with many outsourcing the job to consultants instead. So why does this… Continue reading Mark Powell – The lost art of building risk matrices and why they should be avoided

Torsten Röhner – Why probability is critical for meaningful financial modelling

Torsten Röhner, founder and managing director of Syconomic, demonstrates why financial models that do not account for probability are virtually meaningless. “Most innovations in financial modelling solve the wrong problem… They solve technical problems instead of overcoming flaws in the methodology,” Torsten Röhner, founder and managing director of Syconomic, told the audience at Risk Awareness… Continue reading Torsten Röhner – Why probability is critical for meaningful financial modelling

Alex Sidorenko – Why businesses and decision-makers must embrace Risk Management 2

One major flaw in the risk management industry is that the commonly adhered to standards and practices are built on theories that have no basis in scientific fact. Indeed, risk managers have become bogged down in appetite statements and risk registers which have little or no bearing on improving actual decision-making. But how have things… Continue reading Alex Sidorenko – Why businesses and decision-makers must embrace Risk Management 2

Doug Hubbard – The importance of having FrankenSMEs during risk identification or decision making

Doug Hubbard, owner of Hubbard Decision Research, explains why subject matter experts must be calibrated like any other measurement instrument. Do you calibrate your subject matter experts (SMEs)? If not, you’re missing a critical risk management method that would have led to better decision making for your organisation, says Doug Hubbard, the author of ‘How… Continue reading Doug Hubbard – The importance of having FrankenSMEs during risk identification or decision making

Duncan Harwood – Why every risk manager must be using Monte Carlo modelling to evaluate effect of risks

Given the uncertainties businesses have faced as result of the Covid-19 pandemic, it’s hardly surprising many are looking to improve how they do risk management. According to Duncan Harwood, managing director of 2020 Risk Management, introducing Monte Carlo simulation one of the best steps a business can take to improve its risk management processes. Giving… Continue reading Duncan Harwood – Why every risk manager must be using Monte Carlo modelling to evaluate effect of risks

Max Henrion – The wisdom of knowing how little you know

Speaking at Risk Awareness Week, Max Henrion founder and CEO of Lumina Decision Systems, described the power of uncertainty modelling and when risk managers should apply a stochastic lens for decision-making. When you’ve got to catch an early morning flight – how much time do you leave to get to the airport? This was the… Continue reading Max Henrion – The wisdom of knowing how little you know

45 risk management and decision making workshops available on demand

Every year I ask the best quant risk and decision making professionals I can find to share their models, simulations, methodologies and case studies with the public. We call it RISK AWARENESS WEEK and it runs for a week in October. Every year more than 3000 participants from 100+ countries take part and 2020 was… Continue reading 45 risk management and decision making workshops available on demand

RAW2020 starts tomorrow for 3500+ participants

Join the Risk Management Awareness week from 12 to 16 October 2020. Amazing lineup of speakers running online workshops dedicated to integrating risk management into decision making, planning, project management, performance management and core business processes. It is a 100% online conference that enables you to tune into just the workshops that interest you. If you can’t… Continue reading RAW2020 starts tomorrow for 3500+ participants

Loyd Consulting Group shows how crowdsourcing risk means business breakthroughs

Once in a while, new players emerge in the market that are truly onto something. The Loyd Consulting Group (LCG) being one of them. Risk management and crowdsourcing are known disciplines – the powerful combination never seen as such before. Their solution Risk Focus TM enables everyone to declare both threats and opportunities, as each… Continue reading Loyd Consulting Group shows how crowdsourcing risk means business breakthroughs