Join Executive Director Sam Savage and Alex Sidorenko, CEO of Risk Academy and winner of multiple risk management awards, for an interactive livestream on risk. Tuesday August 16, 10:15 AM PDT Watch Here In this livestream, Sam and Alex will challenge some of the most common risk management excuses as documented in the Savage and Hubbard Top Ten… Continue reading Livestream: Lame excuses for not quantifying uncertainty
Category: Risk management
Risk-Taking under the Microscope #RAW2022
In this interactive session, Prof. Derval, PhD, will show how risk-taking behavior can often be traced back to the genes, hormones, and even the bacteria present in the microbiome. Profiling and predicting risks is more than ever a science, as participants will explore with cases from the world of transports, health, and manufacturing. https://2022.riskawarenessweek.com/talks/risk-taking-under-the-microscope/ Diana… Continue reading Risk-Taking under the Microscope #RAW2022
Understanding the risk profile is the most important step in insurance decisions, so why isn’t everyone doing it?
In 2021, risk team implemented a quantitative risk-based approach to insurance renewals which resulted in reducing the cost of insurance by 60% and improving the quality of coverage across all insurance lines. This approach allowed us to save, or rather pay a fair price for insurance across the globe. Key to success was not to… Continue reading Understanding the risk profile is the most important step in insurance decisions, so why isn’t everyone doing it?
Exploring the junctions of Risk Management and Decision Making #RAW2022
Risk management practitioners often struggle with their role and contribution to decision making. Clearly, an organization needs to fend off mishaps and mitigate events that might compromise its ability to achieve its objectives. The traditional domain of risk management, avoiding mishaps with negative impact, is only one side of the coin. Pursuing opportunities with a… Continue reading Exploring the junctions of Risk Management and Decision Making #RAW2022
Key challenges when integrating risk management into planning, budgeting, investment decision making and performance and how our company overcame them
The panel (Darlene Halwas, Cristina Martinez, Angela Hoon, moderated by David Koenig) will share personal stories and lessons learned when implementing risk management within organizations, including Board and management resistance, low process maturity, restrictive regulatory requirements and lack of resources dedicated to risk management implementation. Participants will feel inspired by the stories and take away… Continue reading Key challenges when integrating risk management into planning, budgeting, investment decision making and performance and how our company overcame them
Risk Management Metrics – How to Prove Risk Management is Working for your Project #RAW2022
If a project is successful, was it good Risk Management that enabled that success, or did the project just get lucky? If a project was unsuccessful, did Risk Management fail or did the project just have a run of bad luck? The questions that usually follow are like, “the project was a success, so why… Continue reading Risk Management Metrics – How to Prove Risk Management is Working for your Project #RAW2022
Are you looking for a better job in risk management?
In my 16 year career in risk management I hired or helped to hire a lot of risk professionals both in Europe and Middle East. In this article I describe the competencies that I usually look for in a risk professional. The list of competencies I originally wrote about still rings true to me. So… Continue reading Are you looking for a better job in risk management?
100 Million Monte Carlo Trials in 88 Bytes!
Claude Shannon’s information theory says you can’t store 100 million numbers in 88 bytes. True, but Tom Keelin’s Metalog distribution driven by Doug Hubbard’s HDR pseudo-random number generator, can create identical streams of up to 100 million random variates on any platform. Like Taylor series, Metalogs can take any number of terms (see Wikipedia). But… Continue reading 100 Million Monte Carlo Trials in 88 Bytes!
FREE access to #RAW2022 for NGOs and non-for-profits
RISK AWARENESS WEEK is the biggest global online platform to learn risk management and decision making. Amazing lineup of international speakers share practical case studies on integrating risk management into corporate decision making, planning, budgeting, project management and risk-adjusted performance management. Our aim is to bring together best quantitative risk management practices in a easy to understand… Continue reading FREE access to #RAW2022 for NGOs and non-for-profits
Douglas Hubbard at #RAW2022 on Integrated Decision Management
What is the measured benefit of your risk management process? Is collaboration making estimates getting better or worse? What is the return on popular business ideas like Agile, Six Sigma, data science, or machine learning? Even in the most metrics-driven organizations, these questions are rarely asked much less answered. Doug Hubbard, author of How to… Continue reading Douglas Hubbard at #RAW2022 on Integrated Decision Management
