CRO DIARIES – Using bow-ties for compliance risks with David Tattam

Join Alex Sidorenko, CRO EuroChem, and David Tattam, Chief of Research, Knowledge and Consulting, Protecht, to talk about using bow-ties diagrams for compliance risks. This will be useful, entertaining and highly practical. ISO and COSO have got it wrong when it comes to compliance risks. You can and should quantify compliance risks. Every organisation is… Continue reading CRO DIARIES – Using bow-ties for compliance risks with David Tattam

The story behind RISK AWARENESS WEEK

The Challenge Alex Sidorenko has been working in risk management, a relatively small field in quantitative decision making, for 15 years. His speciality lies in the statistics, math and decision-making disciplines. Travelling to speak at summits was a major part of his role as Head of Risk at large corporations. Besides presenting his risk management… Continue reading The story behind RISK AWARENESS WEEK

“Uncertainty reduction doesn’t create value…” or does it?

by Dmitry Surovtsev, Schlumberger This post is inspired by an interesting online discussion I had with Trygve Botn in the aftermath of the RAW2020 event [1]. As the original forum chat doesn’t seem to be a common meeting place for risk professionals so far, I’ve agreed with Alex Sidorenko to put this extended version of… Continue reading “Uncertainty reduction doesn’t create value…” or does it?

Learn how crowd-sourcing risks works at RAW2020

Near or far: we are together in this COVID-19 crisis. We see increasing levels of sharing and caring across the globe. We are all uplifted by a more robust understanding of our interconnectedness. We saw countries re-opening while COVID-19 was still circulating widely. Now some of them face strong waves of virus resurgence and have… Continue reading Learn how crowd-sourcing risks works at RAW2020

Loyd Consulting Group shows how crowdsourcing risk means business breakthroughs

Once in a while, new players emerge in the market that are truly onto something. The Loyd Consulting Group (LCG) being one of them. Risk management and crowdsourcing are known disciplines – the powerful combination never seen as such before. Their solution Risk Focus TM enables everyone to declare both threats and opportunities, as each… Continue reading Loyd Consulting Group shows how crowdsourcing risk means business breakthroughs

Recommended pre-reading for the RAW2020 conference

RAW2020 is less than a month away 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… Continue reading Recommended pre-reading for the RAW2020 conference

RAW2020: Create an Excel model and evaluate using Decision Analysis and Monte Carlo practices the case study framed in Session 1

https://2020.riskawarenessweek.com/talks/create-an-excel-model-and-evaluate-using-decision-analysis-and-monte-carlo-practices-the-case-study-framed-in-session-1/ Join Brian Putt and Alex Sidorenko in this second session where we create and Excel model for the case study framed in Session 1 using Decision Quality practices and Monte Carlo to complete the evaluation. Watch session 1 first at https://2020.riskawarenessweek.com/talks/experience-a-practical-example-of-applying-decision-quality-framing-practices-to-a-case-study/ Alex, acting as the subject matter expert (SME) reviews and adjust the inputs… Continue reading RAW2020: Create an Excel model and evaluate using Decision Analysis and Monte Carlo practices the case study framed in Session 1

RAW2020 – Behind the scenes

The challenge Alex Sidorenko has been working in risk management, a relatively small field in quantitative decision making, for 15 years. His speciality lies in the statistics, math and decision-making disciplines. Travelling to speak at conferences was a major part of his role as Head of Risk at large corporations and later as freelance risk… Continue reading RAW2020 – Behind the scenes

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102. Why ERM is not effective – cognitive biases

In this four-part series, Alex Sidorenko, founder and CEO of Risk-Academy, explains how to integrate risk management into core processes. If there is one thing I learned in my previous role as Head of Risk at a multibillion-dollar sovereign investment fund, risk management is not about managing risks. It’s about helping management make strategic, operational… Continue reading 102. Why ERM is not effective – cognitive biases