RAW2021 is coming soon and I wanted to share something valuable with you. During the conference you will hear many of the speakers talk about Risk Management 2 (RM2), decision science, decision quality, probability theory and other terms unfamiliar to many risk practitioners or business decision makers.
These 3 things will help you to have a better appreciation for everything covered at the conference. Must read if you want to get the most from RAW2021.
A very short summary from CIA (I know, I was as surprised as you are) on some of the best and easiest risk analysis techniques to support decision making
This primer highlights structured analytic techniques—some widely used in the private sector and academia, some unique to the intelligence profession. It is not a comprehensive overview of how intelligence officers conduct analysis. Rather, the primer highlights how structured analytic techniques can help one challenge judgements, identify mental mindsets, stimulate creativity, and manage uncertainty. In short, incorporating regular use of techniques such as these can enable one to structure thinking for wrestling with difficult questions.
Highly valuable research on decision making and risk management, some of the easiest and effective tools for risk-based decision making.
Probability management is the discipline of communicating and calculating uncertainties as auditable data arrays called Stochastic Information Packets or SIPs. This free Stanford course provides a basic introduction to the subject.
This course assumes that you are comfortable with Microsoft Excel, but you are not expected to have training in statistics. The course offers short and sweet video lectures, practical exercises and downloadable models. Highly recommended!
Our free risk management book. Downloaded in 2 languages more than 120K times. Must read before the conference!
Risk management is ultimately about creating a culture that would facilitate risk discussion when performing business activities or making any strategic, investment or project decision.
In this free book, Alex Sidorenko and Elena Demidenko talk about practical steps risk managers can take to integrate risk management into decision making and core business processes. Based on our research and the interviews, we have summarised fifteen practical ideas on how to improve the integration of risk management into the daily life of the organisation. These were grouped into three high level objectives: drive risk culture, help integrate risk management into business and become a trusted adviser. This document is designed to be a practical implementation guide. Each section is accompanied by checklists, video references, useful links and templates.
This guide isn’t about “classical” risk management with its useless risk maps, risk registers, risk owners or risk mitigation plans. This guide is about implementing the most current risk analysis research into the business processes, decision making and the overall culture of the organisation.