Controversial thoughts about modern day risk management in non-financial companies, training and consulting services
At the time of the crisis, risk community should come together and better collaborate on the risk responses our companies are doing. I’ve read so much on COVID-19 lately, most are fascinating reads, very few, if any, are practical enough to implement as an in-house CRO, so I tried to list some of the best ideas […]
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. […]
Join industry professionals for the ProbabilityManagement.org Annual Conference on April 21-22 in San Jose, CA. This is, in my opinion, the best RM2 conference out there and I was amazed by the level of case studies last year! This year’s theme is Data, Decisions, and the Value of Information and we have a dynamic group of speakers […]
You’ve probably heard the term “risk management” before. Broadly-speaking, this term involves the analysis of potential issues as well as the efforts to mitigate, resolve, or minimise the effects of those issues. When someone talks about risk management in terms of their stock portfolio, for example, they are typically referencing diversification so that one bad […]
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 […]
http://ProbabilityManagement.org advocates a corporate framework in which organizations maintain libraries of official distributions for key uncertain quantities, which can be exchanged between model builders so that all models rely on common assumptions. Each univariate Monte Carlo sample is collected into a unit called a Stochastic Information Packet (SIP), which is a textual XML snippet containing a […]
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 […]
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 […]
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 […]
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 […]