Using real-world commercial and open-source examples from the Travel Risk Intelligence and Duty of Care industry, this workshop will highlight three of the most common risk measurement flaws and fallacies: – nominal and ordinal scales – the flaw of averages – judgment noise and bias
We will demonstrate the effects of the above on individual and organizational decision-making quality, and present alternative best practices. Participants will learn how common and legacy risk ratings and information products may only deliver an illusory understanding of the risks to an individual and their employer, and occasionally result in substantive judgment errors.
Check out other risk management books
RISK-ACADEMY offers online courses
Informed Risk Taking
Learn 15 practical steps on integrating risk management into decision making, business processes, organizational culture and other activities!
ISO31000 Integrating Risk Management
Alex Sidorenko, known for his risk management blog http://www.riskacademy.blog, has created a 25-step program to integrate risk management into decision making, core business processes and the overall culture of the organization.
Advanced Risk Governance
This course gives guidance, motivation, critical information, and practical case studies to move beyond traditional risk governance, helping ensure risk management is not a stand-alone process but a change driver for business.
