As we navigate a world of permacrisis, it becomes more important than ever to understand and utilize the tools at our disposal for identifying critical areas that need proactive action.
We will begin with an overview of scenario analysis, giving attendees a clear understanding of risk pressure flags. These indicators will help you pinpoint where immediate attention is required. We’ll also delve into the analysis of associated pressure factors, empowering your organization to prioritize and allocate resources effectively.
Following this, we will examine the evaluation of the likelihood and impact of various risks. We will introduce the concept of Bayesian networks, a powerful tool that supports decision making by integrating diverse risk factors and their dependencies.
In the context of Bayesian networks, we’ll explain the importance of understanding causal relationships and conditional probabilities. This understanding will help in the network quantification of the likelihood and impact of different risk events, providing a holistic view of your organization’s risk landscape.
Our workshop also puts a strong emphasis on handling uncertainty. We’ll walk you through sensitivity analysis – a technique crucial for identifying parameters that will have the most significant influence on decision outcomes.
This workshop will equip you with a comprehensive set of tools and techniques to better identify, analyze, and manage risks in today’s challenging environment. Be sure to join us for an enlightening discussion and practical advice on staying one step ahead in our world of permacrisis.
https://2023.riskawarenessweek.com/talks/risk-identification-and-assessment-a-comprehensive-approach/
About the speaker
Alexandra Russell, Chief Risk Officer, Sasol. Alexandra Russell is the Chief Risk Officer of Sasol, a chemicals and energy company that safely and sustainably sources, produces and markets a range of high-quality products on a global scale.
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