RISK AWARENESS for charity, free registration to support victims of the war

This special one day event is dedicated to improving risk awareness and raising money for charities supporting the victims of the war in Ukraine. We are very grateful to the amazing speakers who decided to share practical case studies on integrating risk management into decision making and quantitative risk analysis. All workshops are free to watch. Remember… Continue reading RISK AWARENESS for charity, free registration to support victims of the war

Three techniques we learnt about on Day Two of Risk Awareness Week

Day two of Risk Awareness Week focused on practical step-by-step workshops showing how to apply quantitative risk analysis to climate and environmental decisions. However, even though the sessions all related to ESG in some way, the techniques shared by the experts can be applied to any type of threat facing a business.  For example, modelling… Continue reading Three techniques we learnt about on Day Two of Risk Awareness Week

Best of the best from RAW2021 – highlights from day 1

Day one of the Risk Awareness Week 2021 conference was dedicated to governance and the future of risk management. Speakers focused on key lessons such as how risk managers can better establish relationships with boards, how risks can be transformed into opportunities to create shareholder capital, and how to embed risk analysis into finance, strategy… Continue reading Best of the best from RAW2021 – highlights from day 1

Better and greener decision making through risk management

This year’s Risk Awareness Week 2021, brought together expert speakers from across the globe, giving presentations on a wide range of themes. Sessions gave practical tips on everything from understanding uncertainty to how perception and risk psychology influences decision making. The theme for the week was better and greener decision making through risk management. Sessions… Continue reading Better and greener decision making through risk management

RAW2021 – How to save $10M on insurance without changing limits or deductibles

Are you tired of lip service by brokers on how insurance decisions should be risk based? Are you as surprised as I am that most of the brokers are clueless about risks and have no quant competencies (even the ones that claim they do, we checked)? I know I was. How on earth are they… Continue reading RAW2021 – How to save $10M on insurance without changing limits or deductibles

RAW2021 – Rethinking Cyber Risk Responses

Let’s face it – security teams don’t have the resources to deal with every threat or respond to every risk. Work prioritization must be carefully considered, ensuring that the response is efficient, is aligned to overall organizational objectives, and treats risk in a meaningful way. Doing so requires a shift in thinking: moving away from… Continue reading RAW2021 – Rethinking Cyber Risk Responses

RAW2021 – Quantify legal and compliance risks from zero to hero

Assessing compliance and legal risks with qualitative and biased opinions is just malpractice. Change insurance and control provisions by using an estimator tool to calculate loss expectancy curves on contractual, regulatory, criminal and privacy risks. Learn how to use simple MS Excel formulas to model risks based on common distributions and how to collect and… Continue reading RAW2021 – Quantify legal and compliance risks from zero to hero

RAW2021 – How to kill James Bond using Bayesian Inference

Proper risk management is vital to support decision making, to assess uncertainty and to balance the costs and benefits of your venture. It looks like most Bond movie villains are still stuck with heat maps to support their global domination plans. And since they all fail, this has to stop. Typically, the goal of risk… Continue reading RAW2021 – How to kill James Bond using Bayesian Inference

RAW2021 – A Beginner’s Path to Probabilistic Project Scheduling

This presentation is targeted to project professionals who are interested in exploring how to create a probabilistic schedule, but may not know where to start, or what the benefits are from creating and using a probabilistic schedule. William will share how he successfully used nothing more than Microsoft Excel and a pre-built, freely-licensed spreadsheet called… Continue reading RAW2021 – A Beginner’s Path to Probabilistic Project Scheduling

RAW2021 – Chancification goes live

Whereas Electrification replaces systems running on fossil fuels with those running on electricity, Chancification cures the Flaw of Averages by replacing computations running on single numbers with those running on probabilities. The Chancification Network has just gone live, with systems from various organizations playing the roles of Power Plants, Transmission Lines and Appliances. Topics: The… Continue reading RAW2021 – Chancification goes live