I wanted to start with some typical math problems in school: Two cars started from the same point, at 5 am, travelling in opposite directions at 40 and 50 mph respectively. At what time will they be 450 miles apart? At 9 am a car (A) began a journey from a point, travelling at 40 mph. At… Continue reading Your kids are not taught risk management at school, you have to do it
Category: Risk management
RAW2020 – Behind the scenes
The challenge Alex Sidorenko has been working in risk management, a relatively small field in quantitative decision making, for 15 years. His speciality lies in the statistics, math and decision-making disciplines. Travelling to speak at conferences was a major part of his role as Head of Risk at large corporations and later as freelance risk… Continue reading RAW2020 – Behind the scenes
Why risk community rejects science, logic and common sense
First, I wanted to share an extract from the book I am reading at the moment Alchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business, and Life The chapter is called “I Know It Works in Practice, but Does It Work in Theory? On John Harrison, Semmelweis and the Electronic Cigarette”… Continue reading Why risk community rejects science, logic and common sense
3 steps to apply Monte-Carlo simulations to any investment project decision
Risk management 2 shouldn’t be difficult. So I started on a quest to come up with a simple methodology for quantitative risk analysis that will actually improve decision making. This is still work in progress, so any comments and suggestions please send them to me or write below the article. Also don’t forget, RAW2020 is… Continue reading 3 steps to apply Monte-Carlo simulations to any investment project decision
5 reasons why internal auditors need to attend #RAW2020
Risk Management Awareness Week from 12 to 16 October 2020 is a perfect place for internal auditors to learn. Risk Awareness Week RAW2020 brings some of the leading risk management researchers and practitioners to your computer or mobile phone. It is designed to raise awareness about risk management application in planning, forecasting, budgeting, construction, investments… Continue reading 5 reasons why internal auditors need to attend #RAW2020
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 #RAW2020 (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
StrategicRISK is again one of our trusted media partners for RISK AWARENESS WEEK 2020
We are pleased to announce that StrategicRISK will be one of our trusted media partners for RISK AWARENESS WEEK 2020. We are proud to partner with StrategicRISK to bring you breaking news and analysis from the inaugural #RAW2020, including: In-depth speaker interviews Unbiased presentation reviews Analysis of new research StrategicRISK is an award-winning international corporate risk management information brand… Continue reading StrategicRISK is again one of our trusted media partners for RISK AWARENESS WEEK 2020
Leading in a VUCA World: What You Need to Succeed – Dr. Karen Hardy
https://2020.riskawarenessweek.com/talks/leading-in-a-vuca-world-what-you-need-to-succeed/ There is a new skillset that will be needed by risk professionals in order to succeed in the post-COVID environment: known as the VUCA World! Organizations will be looking to risk professionals to deliver higher value that will go beyond the typical technical expertise of developing risk registers. Discover the missing skill a d… Continue reading Leading in a VUCA World: What You Need to Succeed – Dr. Karen Hardy
Impact of Covid-19 pandemic outbreak on Top Risks – Joachim Schulte
https://2020.riskawarenessweek.com/talks/impact-of-covid-19-outbreak-on-top-risks/ This talk shows what has been done to assess the impact of Covid-19 pandemic outbreak on the most important risks of the company (Top Risks). The idea was that risk management should help the company to make difficult decisions during a crisis. The approach is based on quantitative risk management, in particular Monte-Carlo simulation,… Continue reading Impact of Covid-19 pandemic outbreak on Top Risks – Joachim Schulte
Successful use of risk modelling and simulations in public private partnerships – Yehuda Sapir
https://2020.riskawarenessweek.com/talks/successful-use-of-risk-modelling-and-simulations-in-public-private-partnerships/ Civil engineering mega projects hardly exercises efficient and effective risk management in general, and lacks utilizing advanced simulations such as Monte Carlo, to support decision making. The webinar will demonstrate successful utilization of these simulations, along the project’s life cycle and road map, supporting decision making in critical points such as contingency decision. The… Continue reading Successful use of risk modelling and simulations in public private partnerships – Yehuda Sapir
