Data-driven decisions for smart legal and compliance professionals – Hernan Huwyler

https://2020.riskawarenessweek.com/talks/data-driven-decisions-for-smart-legal-and-compliance-professionals/ To many legal and compliance professionals, risk assessments are bureaucratic paperwork for regulatory reporting and corporate defence. Clearly, it is not adding any value for deciding the allocation of resources and controls in the ethics and compliance programs. The consequences of siloed and biased assessments can be fatal for the organization, and also, for… Continue reading Data-driven decisions for smart legal and compliance professionals – Hernan Huwyler

How to use Value of Information to improve the decision policy in Oil and Gas? – Trygve Botn

https://2020.riskawarenessweek.com/talks/how-to-use-value-of-information-to-improve-the-decision-policy-in-oil-and-gas/ This live Excel presentation will demonstrate how to: frame a Value of Imperfect Information evaluation of a drilling problem, quantify the frame in a risk model (SIPmath) using continuous variables, solve the problem frame using simulation to establish the decision policy and explain how we reduce downside and possibly increase the upside. We will… Continue reading How to use Value of Information to improve the decision policy in Oil and Gas? – Trygve Botn

Escalation: The Forgotten Risk – John Hollmann

https://2020.riskawarenessweek.com/talks/escalation-the-forgotten-risk/ Every project cost estimate includes some allowance for price escalation in its midst. However, few recognize escalation for the potentially devastating risk that it can be. For example, from 2005 to 2008 the price to get a process plant built increased by 50% at a time of negligible inflation. Economic cycles like these are… Continue reading Escalation: The Forgotten Risk – John Hollmann

Using game theory to make better decisions – Paul Papayoanou

https://2020.riskawarenessweek.com/talks/using-game-theory-to-make-better-decisions/ Many business decisions involve competitive risks or opportunities to cooperate in negotiations or partnerships. Yet traditional risk assessment methods are inadequate for understanding what decisions should be made in such situations. Game theory can help address this shortcoming. This workshop will review why and how game theory should be used to reduce uncertainty about… Continue reading Using game theory to make better decisions – Paul Papayoanou

CRO DIARY: We are so busy chasing the next “sexiest” risk, we miss the forest for the trees

Recently, I sat down to do my weekly Wednesday live stream. Normally I share stories, answer questions and discuss lessons I learned as a Chief Risk Officer, but this time I wanted to talk about something else. Something that has been troubling me for a while. The fundamental flaws in decision making and risk management.… Continue reading CRO DIARY: We are so busy chasing the next “sexiest” risk, we miss the forest for the trees

I am giving away 50 full tickets to #riskawarenessweek2020 to students studying risk management

I am giving away 50 full tickets to #riskawarenessweek2020 to students currently studying risk management. If you are currently doing undergraduate or postgraduate studies in risk management, this is your opportunity to hear some of the best risk and decision making professionals in the world sharing their stories and, more importantly, their models. Risk Awareness… Continue reading I am giving away 50 full tickets to #riskawarenessweek2020 to students studying risk management

2 simple steps to get FREE ticket to #RAW2020 (worth $100) and other exclusive content

RISK AWARENESS WEEK will happen again in 2020. This year we will have some of the best speakers from RAW2019 and many more new decision and risk professionals. One thing will be different. Each session will be a live demonstration or a demo or a case study showing step by step how quantitative risk analysis… Continue reading 2 simple steps to get FREE ticket to #RAW2020 (worth $100) and other exclusive content

Share your risk management story and win a free VIP pass to #RAW2020

Share your risk management story in the comments below and get a chance to win a free VIP pass to #riskawarenessweek2020 (valued at $100): https://2020.riskawarenessweek.com/ RAW2020 is dedicated to sharing and raising awareness. Help new risk managers, share your story. Tell us: how did you get into risk management? what are the 3 things you… Continue reading Share your risk management story and win a free VIP pass to #RAW2020

Let’s make every decision risk-based. Forget doing quarterly risk assessments and risk reports #RAW2020

Risk management is much more than just having a risk appetite statement, publishing a risk policy on the website and doing risk assessments once a quarter. Risk management is about changing how important business decisions are made, how goals are set and how performance against these goals is measures. Good risk managers have a huge… Continue reading Let’s make every decision risk-based. Forget doing quarterly risk assessments and risk reports #RAW2020

Make #riskawarenessweek2020 you corporate risk management training. Put it in the budget for this year

Risk Awareness Week 2020 #RAW2020 will bring some of the leading risk management researchers and practitioners to your staff computers or mobile phones. It is designed to raise awareness about risk management application in planning, forecasting, budgeting, construction, investments and performance management and will significantly enhance the quality of decision making. More than 50 sessions… Continue reading Make #riskawarenessweek2020 you corporate risk management training. Put it in the budget for this year