Mapping the (real) world: How causal maps furnish a perfect interface between the world and our models of it. #riskawarenessweek2019

A crucial challenge in using quantitative risk models to inform decisions is to find an interface that shows the relationship between the model and the real world it represents. A model should provide transparency and insight. Too much mathematics will occlude that clarity for all but the most mathematically articulate, but too little risks turning… Continue reading Mapping the (real) world: How causal maps furnish a perfect interface between the world and our models of it. #riskawarenessweek2019

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Limits of Mathematics – Math vs. Reality #riskawarenessweek2019

We must accept as a necessity that economy is mainly a subject of human interactions and with this it is clearly a part of social and cultural science which (actually) tries to use math tools to build prediction and equilibrium models (of uncertain events). This certain trait of economics, being a social and cultural science,… Continue reading Limits of Mathematics – Math vs. Reality #riskawarenessweek2019

Optimize Decision Value #riskawarenessweek2019

The concept of decision focused risk management is embedded in the ISO 31000 as well as COSO standard, and is still not standard operating process. The approach may seem opaque to many risk managers wishing to add real value to their organisation. In this workshop a series of simple and intuitive, yet highly valuable steps… Continue reading Optimize Decision Value #riskawarenessweek2019

Decision Analysis – Why framing the decision(s) is Important and how to do it #riskawarenessweek2019

Having a structure approach to making decisions can add significant value and avoid costly errors. We will discuss a proven approach that has been practised for years to make good decisions that may change your current decision making process. We will demonstrate using a case study that we will expand upon in subsequent presentations. This… Continue reading Decision Analysis – Why framing the decision(s) is Important and how to do it #riskawarenessweek2019

Risk management lessons from real world risk takers #riskawarenessweek2019

Ben hosts and produces a regular podcast called All Things Risk (www.allthingsrisk.co.uk) in which he has long-form conversations with interesting guests – the objective of which is to make risk and uncertainty understandable and accessible to anyone. We all make decisions under uncertainty – both in business and life – and we should embrace that.… Continue reading Risk management lessons from real world risk takers #riskawarenessweek2019

RISK AWARENESS WEEK 2019 broadcasted online at https://2019.riskawarenessweek.com from 14 to 18 October 2019

Don’t miss day three workshops #riskawarenessweek2019

Risk Awareness Week is scheduled for 5 days. Each day will teach you an important aspect of effective decision making. Day three is all about practical application of decision science and risk management to decision making. Some of the best experts in the world will share their models and methodologies for making better decisions using risk… Continue reading Don’t miss day three workshops #riskawarenessweek2019

5 reasons why internal auditors need to attend #riskawarenessweek2019

Risk Management Awareness Week from 14 to 18 October 2019 is a perfect place for internal auditors to learn. Risk Awareness Week RAW2019 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 #riskawarenessweek2019

Better risk management – how to introduce quantitative risk management tools #riskawarenessweek2019

In this session Duncan considers why some organisations still use ineffective techniques and how they could start to improve their risk management arrangements. Using examples from his own career as a risk engineer in the oil industry and Chief Risk Officer for a local authority in Scotland, Duncan discusses some of the improvements made along… Continue reading Better risk management – how to introduce quantitative risk management tools #riskawarenessweek2019

I am giving away 50 full tickets to #riskawarenessweek2019 to students studying risk management

I am giving away 50 full tickets to #riskawarenessweek2019 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 #riskawarenessweek2019 to students studying risk management

Managing Risk Attitude for Better Decision Making #riskawarenessweek2019

In order to effectively manage risks and make better decisions, most rely on processes, tools, systems, frameworks and/or methodologies – however regardless of the approach taken to manage risk, there is always one common denominator … People!. Thus regardless of the approach and the nature of the risk – all risk is managed by people.… Continue reading Managing Risk Attitude for Better Decision Making #riskawarenessweek2019