Alex Sidorenko from RISK-ACADEMY talks about the 5 components of a devils advocate role for the modern day risk managers. What do you think? – – – – – – – – – – – – – – – – At RISK-ACADEMY we have compiled free videos of lectures, seminars and interviews with Russian risk… Continue reading 86. Devils advocate – Competencies (part c) – Alex Sidorenko
Deadline for submission – 2 August 2019 We invite industry leaders and practising risk managers and decision support scientists to present at the RISK AWARENESS WEEK 2019 scheduled from 14-18 October 2019. RISK AWARENESS WEEK is an annual event that aims to promote risk management practices, risk psychology, decision science and quantitative risk analysis to… Continue reading Call for speakers. Share your risk management or decision making stories with the world
Read this till the end. This is one of the best stories of risk management application in real life by some of the best risk managers I have ever met. I started writing yet another article trying to convince risk managers to grow their quant competencies, to integrate risk analysis into decision-making processes and to… Continue reading Absolute triumph for the quantitative risk analysis – part 3/3
I started writing yet another article trying to convince risk managers to grow their quant competencies, to integrate risk analysis into decision-making processes and to use ranges instead of single point planning… but then I thought… why bother… why not show how risk analysis helps make better risk based decisions instead? After all, this is… Continue reading Skin in the game: can risk managers use their witchcraft to make money – part 2/3
I really enjoyed reading the new book “Winning conversations: How to turn red tape into blue ribbon” by Bryan Whitefield. Here are some of the reasons why: The message is very timely. Most of us already know how to run 10000 scenario simulations on business plans and budgets and how to get amazing insights for… Continue reading Book review: Winning conversations by Bryan Whitefield is very nice
RISK-ACADEMY regularly runs free webinars on various risk management and decision quality topics. Browse the list below to see if any of our existing webinars would be interesting to you or your friends. Please feel free to share this page on social media.
I started writing yet another article trying to convince risk managers to grow their quant competencies, to integrate risk analysis into decision-making processes and to use ranges instead of single point planning… but then I thought… why bother… why not show how risk analysis helps make better risk based decisions instead? After all, this is… Continue reading Skin in the game: if risk managers are so smart why are they not millionaires?
Alex Sidorenko from RISK-ACADEMY answers a question whether we can and should quantify every risk in non-financial companies. What do you think? – – – – – – – – – – – – – – – – At RISK-ACADEMY we have compiled free videos of lectures, seminars and interviews with Russian risk managers, as… Continue reading 94. Can we quantify any risk?
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?
The article clarifies the most essential methods for risk management. This includes especially the methods for identification, quantification and simulation based risk aggregation (e.g. monte carlo simulation). It is pointed up that an appropriate quantification of all relevant risks and a risk aggregation by the monte carlo simulation are both crucial for an efficient risk… Continue reading Guest blog – Werner Gleissner – Risk management basics
