Join us on Wednesday 9:00 for our virtual panel discussion: How to elevate risk management with risk-based decision-making
To many risk managers who have spent years identifying, analysing and mitigating risks, the concept of risk-based decision-making may seem very different, daunting or even somewhat scary. But making the change is not as challenging as it may appear. In this interactive virtual panel discussion, our experts walk us through how we can effectively apply risk-based decision-making – and you can quiz them live with your questions
Who are the panellists?
- Alexander Larsen, president, Baldwin Global Risk Services
- Alex Sidorenko, chief executive, Risk Academy
- Danny Wong, founder of GOAT Risk Solutions and former director of corporate risk at InterContinental Hotel Groups
- Hans Læssøe, principal consultant at AKTUS and former risk manager of The LEGO Group
Click here to register: https://zoom.us/webinar/register/WN_GT4mY4aaRj-dJ911eDesKw
What is risk-based decision-making?
Risk-based decision-making is the deliberate inclusion of uncertainty, risk and opportunity considerations in the preparation and making of a decision.
This is opposed to “execution risk management’, which is: “actions taken to control or mitigate a risk (already) taken”, implicitly by doing what you are doing in whatever industry/market you are in, with whichever aspirations and strategies you deploy and decisions you have made.
There are no issues with actions/execution in risk-based decision-making, nor any with the notion that there are decisions in execution risk management. Real life is not either or, but some combination of both.
Check out other decision making 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.
