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
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
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
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 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
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
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 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
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
What we can learn about good and bad risk decision making from Napoleon Bonaparte’ with a focus on contrasting how brilliant Napoleon was in his early career versus how terrible he was in the latter. This is a must watch session for anyone working in risk management and a great foundation for the whole week.… Continue reading What we can learn about good and bad risk decision making from Napoleon Bonaparte #riskawarenessweek2019
