RAW2020: Introduction to using QRA for nefarious decision making.

https://2020.riskawarenessweek.com/talks/risk-based-decision-making/ Matrix style risk analysis are sure to fail you when it really matters, such as when you plan a daring criminal venture. This quantitative risk assessment workshop is an introduction for people who are not risk analysts or for qualitative risk managers that are willing to dive in. We will tackle how we could… Continue reading RAW2020: Introduction to using QRA for nefarious decision making.

RAW2020: The Failure of Risk Management

https://2020.riskawarenessweek.com/talks/the-failure-of-risk-management/ 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… Continue reading RAW2020: The Failure of Risk Management

RAW2020: Why consider uncertainty? The value of knowing how little you know

https://2020.riskawarenessweek.com/talks/why-consider-uncertainty-the-value-of-knowing-how-little-you-know/ What time should you leave to catch a plane flight? We all know intuitively to leave extra time for traffic and other uncertainties. But, how much time? Most risk analyses still ignore uncertainty, using single estimates of frequency and consequence. When is it worth the effort to estimate the uncertainties explicitly? I’ll introduce the… Continue reading RAW2020: Why consider uncertainty? The value of knowing how little you know

RAW2020: Making decisions unburdened by ‘risk management’ myths

https://2020.riskawarenessweek.com/talks/risk-management-myths/ Grant Purdy and Roger Estall During long careers we have often been engaged to investigate decisions that have gone spectacularly wrong or resulted in other than the intended outcomes. This has helped us develop an objective appreciation of what ‘good’ decision-making looks like and therefore, what characterizes a ‘good’ decision. This workshop will describe… Continue reading RAW2020: Making decisions unburdened by ‘risk management’ myths

Your kids are not taught risk management at school, you have to do it

I wanted to start with some typical math problems in school: Two cars started from the same point, at 5 am, travelling in opposite directions at 40 and 50 mph respectively. At what time will they be 450 miles apart? At 9 am a car (A) began a journey from a point, travelling at 40 mph. At… Continue reading Your kids are not taught risk management at school, you have to do it

3 steps to apply Monte-Carlo simulations to any investment project decision

Risk management 2 shouldn’t be difficult. So I started on a quest to come up with a simple methodology for quantitative risk analysis that will actually improve decision making. This is still work in progress, so any comments and suggestions please send them to me or write below the article. Also don’t forget, RAW2020 is… Continue reading 3 steps to apply Monte-Carlo simulations to any investment project decision

5 reasons why internal auditors need to attend #RAW2020

Risk Management Awareness Week from 12 to 16 October 2020 is a perfect place for internal auditors to learn. Risk Awareness Week RAW2020 brings some of the leading risk management researchers and practitioners to your computer or mobile phone. It is designed to raise awareness about risk management application in planning, forecasting, budgeting, construction, investments… Continue reading 5 reasons why internal auditors need to attend #RAW2020

Share your risk management story and win a free VIP pass to #RAW2020

Share your risk management story in the comments below and get a chance to win a free VIP pass to #RAW2020 (valued at $100): https://2020.riskawarenessweek.com/ RAW2020 is dedicated to sharing and raising awareness. Help new risk managers, share your story. Tell us: how did you get into risk management? what are the 3 things you… Continue reading Share your risk management story and win a free VIP pass to #RAW2020

RAW2020: Impact of Covid-19 pandemic outbreak on Top Risks – Joachim Schulte

https://2020.riskawarenessweek.com/talks/impact-of-covid-19-outbreak-on-top-risks/ This talk shows what has been done to assess the impact of Covid-19 pandemic outbreak on the most important risks of the company (Top Risks). The idea was that risk management should help the company to make difficult decisions during a crisis. The approach is based on quantitative risk management, in particular Monte-Carlo simulation,… Continue reading RAW2020: Impact of Covid-19 pandemic outbreak on Top Risks – Joachim Schulte

RAW2020: Successful use of risk modelling and simulations in public private partnerships – Yehuda Sapir

https://2020.riskawarenessweek.com/talks/successful-use-of-risk-modelling-and-simulations-in-public-private-partnerships/ Civil engineering mega projects hardly exercises efficient and effective risk management in general, and lacks utilizing advanced simulations such as Monte Carlo, to support decision making. The webinar will demonstrate successful utilization of these simulations, along the project’s life cycle and road map, supporting decision making in critical points such as contingency decision. The… Continue reading RAW2020: Successful use of risk modelling and simulations in public private partnerships – Yehuda Sapir