Choices to make for your company or organization can seem overwhelming at times and the answers to hard questions may seem impossible to find. Whether your uncertain decisions are in a small company assessing a critical market opportunity, a Fortune 100 company implementing an enterprise-wide process to prioritize an entire portfolio of projects, or a government agency implementing performance metrics, Hubbard Decision Research (HDR) can help quantify it. Using the principles of Applied Information Economics, you can measure what matters even when it seems intangible. No matter how uncertain and complex a decision may be, our Applied Information Economics methodology will quantify the risks and returns to find the right strategy.
The biggest risk to an organization is a failed risk management system. This 2 hour workshop will cover how risk management is failing today, including taking a look at the critical – and dangerous – flaws of existing methods and how they expose organizations to even greater risk. Participants will also learn what they can do to improve their risk management systems by using proven, quantitative methods to reduce uncertainty and make better decisions.
The workshop will explain:
- Critical problems with the most popular risk assessment methods
- Simple spreadsheet-based quantitative methods that can immediately improve your process
- How proper statistical analysis can be done even when data seems scarce
- A quick overview of more advanced methods that the participants can aspire to
The goal of the workshop is that each participant will be informed about the dangerous state of risk management today and can view their organization’s own risk management strategies with a critical eye toward fixing flaws and getting better results.