The Federation of European Risk Management Associations (FERMA) has named RISK AWARENESS WEEK – largest virtual risk education platform the Training & Education Programme of the Year. This prestigious award recognizes the event’s outstanding contribution to raising risk management awareness among organizations globally. FERMA’s recognition is a testament to its profound impact on the risk… Continue reading FERMA just named RISK AWARENESS WEEK the Training & Education Programme of the Year. Join 20 000 risk managers from 120 countries at RAW2024.
Category: Risk management
Try RAW@AI, probably the best risk management AI assistant on the planet
RAW@AI offers risk management and quantitative risk assessment support to help you make informed decisions. Our AI-powered set of tools simplifies complex risk management tasks, saving you time and effort. RAW@AI can do your research, identify risks, write perfect risk descriptions, break down complex risks and suggest mitigations, write risk management policies, quantify risks and… Continue reading Try RAW@AI, probably the best risk management AI assistant on the planet
3 Risk Management Ideas from the Future
I believe there are 3 things risk managers of the future will be doing. Today, most of you are doing number 1, some, very few, are doing number 2 and almost no one is doing number 3. Risk managers of the future will be spending 50% of their time on number 3, 49% of their… Continue reading 3 Risk Management Ideas from the Future
Risk managers, stop wasting your life doing RM1
Are you feeling frustrated and unappreciated in your role as a risk manager? Do you sense that your efforts aren’t making any impact on business performance? Are you ignored when important and risky decisions are being made? It’s time to confront the truth: ERM, or RM1 as I call it, is holding you back. This… Continue reading Risk managers, stop wasting your life doing RM1
10 lessons risk managers should learn from Annie Duke’s Thinking in Bets
Every year I update my must read list for risk and insurance managers. Annie Duke’s Thinking in Bets is a new addition to my list. A risk manager on my team just finished reading it and he used RAW@AI to summarise they key points for risk professionals. Enjoy! 1. Life is poker, not chess Our… Continue reading 10 lessons risk managers should learn from Annie Duke’s Thinking in Bets
35 lessons from Kahneman’s Thinking Fast and Slow that every risk manager must know
Every year I update my must read list for risk and insurance managers. Kahneman’s Thinking Fast and Slow has been there since the very beginning. A risk manager on my team just finished reading it and he used RAW@AI to summarise they key points for risk professionals. Enjoy! The two systems – There are two… Continue reading 35 lessons from Kahneman’s Thinking Fast and Slow that every risk manager must know
What motivates risk managers?
A while back I went on a quest. I was trying to find what motivates risk managers. After a dozen interviews I am no closer to the answer but I think I got a pretty good grasp about what motivates me, Alex Sidorenko, as a risk manager. See if any of these resonate with you.… Continue reading What motivates risk managers?
7 reasons you haven’t implemented quantitative risk management yet
In the wake of so many meltdowns, such as the 2023 collapse of Silicon Valley Bank and the 2022 implosion of FTX cryptocurrency exchange, as well as events like the 2021 Archegos Capital Management collapse, the 2021 Suez Canal obstruction, and the far-reaching impacts of the 2020 COVID-19 pandemic, investigations have consistently revealed significant shortcomings… Continue reading 7 reasons you haven’t implemented quantitative risk management yet
Flexible distribution is better than Triangular or PERT, project managers and cyber risk beware
In my last post, I introduced you to the game-changing concept of flexible distributions. If you haven’t read it yet, do yourself a favour and check it out here: You don’t need to worry about which distribution to use any more. With flexible distributions, available on MakeDistribution, the distribution molds itself to fit your data… Continue reading Flexible distribution is better than Triangular or PERT, project managers and cyber risk beware
You don’t need to worry about which distribution to use any more
Let’s face it – one of the biggest excuses risk managers use to avoid quantitative analysis is the paralysis that comes from choosing the “right” probability distribution. The selection options in ModelRisk can make your head spin: Overwhelming, right? And that’s just one tool. The @RISK plugin also has over 90 distribution functions! It’s like being… Continue reading You don’t need to worry about which distribution to use any more
