Escalation: The Forgotten Risk – John Hollmann

https://2020.riskawarenessweek.com/talks/escalation-the-forgotten-risk/ Every project cost estimate includes some allowance for price escalation in its midst. However, few recognize escalation for the potentially devastating risk that it can be. For example, from 2005 to 2008 the price to get a process plant built increased by 50% at a time of negligible inflation. Economic cycles like these are… Continue reading Escalation: The Forgotten Risk – John Hollmann

The better alternative to “inherent” and “residual” risk concepts

Few things are certain in life: death, taxes and someone in the risk community asking about inherent and residual risks. In fact the question is so frequent that I even did a short video response: To most organisations inherent vs residual comparison is a way to measure potential risk mitigation effectiveness and the reduction in… Continue reading The better alternative to “inherent” and “residual” risk concepts

5 red flags šŸš©when just starting to implement risk management

Ok, the title is obviously irony, because no organisation on the planet is ever “just” starting to implement risk management” or “starting from scratch”. Organisations have been making risk-based decisions since the inception. Often poorly, but that’s another point altogether. And yet, far too many job advertisements I see are looking risk specialists to build… Continue reading 5 red flags šŸš©when just starting to implement risk management

5 red flags šŸš©when hiring a risk manager

One of the biggest issues in the risk management profession is that many, way too many, people who have the title of risk manager are not really qualified to do the job. Many don’t even have the minimum required education. Imagine a doctor who vaguely remembers doing biology in year 9 high school. Well that’s… Continue reading 5 red flags šŸš©when hiring a risk manager

3 steps to set corporate risk appetite

Ok, the title is obviously irony. If you have seen any of my posts you will know how sceptical I am of this management fad called risk appetite. I am actually old enough to remember when consultants started pushing this concept pretending it was both new and useful. Anyway, since the concept is unlikely to… Continue reading 3 steps to set corporate risk appetite

Informed Risk Taking : Risk Management Process – Analysis

For the Setup of Group License only and nothing more. This is not displayed to website traffic. It is for admin/instructor for this course only.

However, it is the foundation for the setup of the License Course that Corporate Members will buy. So, if the license course must be live and sellable, this has to be live in the background and not deleted.

Real life application of quantitative risk analysis, an excellent case study

Can 17 risk managers double their money in just 2 days with no luck and using only quantitative risk analysis? Find out in this short case study. The problemĀ  To test how well quantitative risk analysis performs I wanted a real life situations, where odds were known and the stakes were high. National lottery looked… Continue reading Real life application of quantitative risk analysis, an excellent case study

#ChangingRisk Day on Thursday 28 November 2019

On Thursday 28 November 2019, risk management takesĀ centre stage in a 24-hour global webinarĀ conference. Showcasing new thinking in riskĀ management, #ChangingRisk Day sets out toĀ promote the critical role risk management plays inĀ informing strategic decision-making. Sign up hereĀ to register for #ChangingRisk Day.Ā  Registration provides access to the whole event.Ā  Simply log in using the code provided at… Continue reading #ChangingRisk Day on Thursday 28 November 2019

107. What is positive risk – Alex Sidorenko

Alex Sidorenko from RISK-ACADEMY talks about the concept of positive risk and how to best manage it. And it is not what you think šŸ™‚ COSO vs ISO31000 webinar: https://riskacademy.blog/2017/12/14/free-webinar-iso31000-2018-draft-vs-coso-erm-2017/ The risks of using risk matrices https://riskacademy.blog/2017/11/17/the-risk-of-using-risk-matrices/ Free risk management book (15500+ downloads) https://www.risk-academy.ru/en/download/risk-management-book/ – – – – – – – – – – –… Continue reading 107. What is positive risk – Alex Sidorenko

106. Disconnect between ERM and business decisions – Alex Sidorenko

Alex Sidorenko from RIS-ACADEMY responds to one of the questions after the OCEG webinar with Tim and Norman. Talking about the disconnect between ERM and business decisions and how to overcome it. COSO vs ISO31000 webinar: https://riskacademy.blog/2017/12/14/free-webinar-iso31000-2018-draft-vs-coso-erm-2017/ The risks of using risk matrices https://riskacademy.blog/2017/11/17/the-risk-of-using-risk-matrices/ Free risk management book (15500+ downloads) https://www.risk-academy.ru/en/download/risk-management-book/ – – – –… Continue reading 106. Disconnect between ERM and business decisions – Alex Sidorenko