Agricultural Risk Analysis: art and science – Ariadna Berger

https://2020.riskawarenessweek.com/talks/agricultural-risk-analysis-art-and-science/ In Argentina we have been applying risk assessment and management concepts in farming for more than twenty years. Price and yield risk can be managed through diversification. Agricultural portfolios can be created by mixing different crops and/or different climate zones, soils and cultivation practices. We also apply risk management to reduce price risk through… Continue reading Agricultural Risk Analysis: art and science – Ariadna Berger

Leadership and the Future of Prediction -Prof. Diana Derval

https://2020.riskawarenessweek.com/talks/leadership-risk-screening-and-public-health/ In this session, Prof. Derval will review following aspects of predictive systems: What can we predict? How to make an accurate prediction? Which experts and data can help? What is coming next in terms of predictive approaches? Main outcome is that: the same personas, in the same context behave in the same way. We… Continue reading Leadership and the Future of Prediction -Prof. Diana Derval

Data-driven decisions for smart legal and compliance professionals – Hernan Huwyler

https://2020.riskawarenessweek.com/talks/data-driven-decisions-for-smart-legal-and-compliance-professionals/ To many legal and compliance professionals, risk assessments are bureaucratic paperwork for regulatory reporting and corporate defence. Clearly, it is not adding any value for deciding the allocation of resources and controls in the ethics and compliance programs. The consequences of siloed and biased assessments can be fatal for the organization, and also, for… Continue reading Data-driven decisions for smart legal and compliance professionals – Hernan Huwyler

How to use Value of Information to improve the decision policy in Oil and Gas? – Trygve Botn

https://2020.riskawarenessweek.com/talks/how-to-use-value-of-information-to-improve-the-decision-policy-in-oil-and-gas/ This live Excel presentation will demonstrate how to: frame a Value of Imperfect Information evaluation of a drilling problem, quantify the frame in a risk model (SIPmath) using continuous variables, solve the problem frame using simulation to establish the decision policy and explain how we reduce downside and possibly increase the upside. We will… Continue reading How to use Value of Information to improve the decision policy in Oil and Gas? – Trygve Botn

Escalation: The Forgotten Risk – John Hollmann

https://2020.riskawarenessweek.com/talks/escalation-the-forgotten-risk/ Every project cost estimate includes some allowance for price escalation in its midst. However, few recognize escalation for the potentially devastating risk that it can be. For example, from 2005 to 2008 the price to get a process plant built increased by 50% at a time of negligible inflation. Economic cycles like these are… Continue reading Escalation: The Forgotten Risk – John Hollmann

Using game theory to make better decisions – Paul Papayoanou

https://2020.riskawarenessweek.com/talks/using-game-theory-to-make-better-decisions/ Many business decisions involve competitive risks or opportunities to cooperate in negotiations or partnerships. Yet traditional risk assessment methods are inadequate for understanding what decisions should be made in such situations. Game theory can help address this shortcoming. This workshop will review why and how game theory should be used to reduce uncertainty about… Continue reading Using game theory to make better decisions – Paul Papayoanou

Media partners welcome #RAW2020

Do you want to publish great content that would attract high calibre global business leaders, decision makers and risk management and insurance audience? Then RISK AWARENESS WEEK 2020 (RAW 2020) conference offers you a great opportunity to do this. RAW2020 is a great way to: Reach a worldwide audience not limited to a single geography… Continue reading Media partners welcome #RAW2020

The better alternative to “inherent” and “residual” risk concepts

Few things are certain in life: death, taxes and someone in the risk community asking about inherent and residual risks. In fact the question is so frequent that I even did a short video response: To most organisations inherent vs residual comparison is a way to measure potential risk mitigation effectiveness and the reduction in… Continue reading The better alternative to “inherent” and “residual” risk concepts

5 red flags 🚩when just starting to implement risk management

Ok, the title is obviously irony, because no organisation on the planet is ever “just” starting to implement risk management” or “starting from scratch”. Organisations have been making risk-based decisions since the inception. Often poorly, but that’s another point altogether. And yet, far too many job advertisements I see are looking risk specialists to build… Continue reading 5 red flags 🚩when just starting to implement risk management

5 red flags 🚩when hiring a risk manager

One of the biggest issues in the risk management profession is that many, way too many, people who have the title of risk manager are not really qualified to do the job. Many don’t even have the minimum required education. Imagine a doctor who vaguely remembers doing biology in year 9 high school. Well that’s… Continue reading 5 red flags 🚩when hiring a risk manager