Chancification – wiring your organization for probability by Sam Savage

Within 150 years of Benjamin Franklin’s reckless kite experiment, which proved “The Sameness of the Electric Matter with that of Lightning,” electrification was distributing electric matter directly to homes and… Continue reading Chancification – wiring your organization for probability by Sam Savage

WATCH REPLAY: Doug Hubbard – The importance of having FrankenSMEs during risk identification or decision making

Doug Hubbard, owner of Hubbard Decision Research, explains why subject matter experts must be calibrated like any other measurement instrument. Do you calibrate your subject matter experts (SMEs)? If not,… Continue reading WATCH REPLAY: Doug Hubbard – The importance of having FrankenSMEs during risk identification or decision making

WATCH REPLAY: Addressing the Failure of Risk Quantification: Moving from Speculating on Project Complexity to Actually Quantifying It

https://2020.riskawarenessweek.com/talks/addressing-the-failure-of-risk-quantification-moving-from-speculating-on-project-complexity-to-actually-quantifying-it/ This report is based on the author’s recent book ‘Modern Risk Quantification in Complex Projects: Non-linear Monte Carlo and System Dynamics Methodologies’ published by Oxford University Press this year.… Continue reading WATCH REPLAY: Addressing the Failure of Risk Quantification: Moving from Speculating on Project Complexity to Actually Quantifying It

WATCH REPLAY: Complexity: Moving Beyond Talk

https://2020.riskawarenessweek.com/talks/complexity-moving-beyond-talk/ Most of us have read about or heard talks on “complexity”; its nature, its impact on projects and ways to deal with it. Many have also worked on complex… Continue reading WATCH REPLAY: Complexity: Moving Beyond Talk

Survey with a prize: How do organizations manage risk today?

How do organizations manage risk today? What risk management processes do they use – and to what effect? Douglas Hubbard (author of How to measure anything in cyber and The Failure… Continue reading Survey with a prize: How do organizations manage risk today?

TRAINING: Risk Appetite Masterclass

Learn how the concept of risk appetite, risk tolerances and risk limits transitioned from financial services to corporate world and lost all its meaning along the way. Alex Sidorenko, author of the Guide to Effective Risk Management, will provide no-nonsense, practical ideas for turning risk appetite from an artificial and theoretical concept to a valuable management tool. A tool that the company management will want to use every day when making decisions. Together we will investigate the nature of business decisions, the ugly side of cognitive biases and conflicts of interest and how the application of risk appetite, risk tolerances and risk limits can help protect the shareholder value.

Risk appetite training

Practical Risk Appetite Masterclass

Course overview

This masterclass will cover practical ideas to identify, validate, develop and document risk appetites for different strategic, operational and financial business decisions.

Learn how the concept of risk appetite, risk tolerances and risk limits transitioned from financial services to corporate world and lost all its meaning along the way. Alex Sidorenko, author of the Guide to Effective Risk Management, will provide no-nonsense, practical ideas for turning risk appetite from an artificial and theoretical concept to a valuable management tool. A tool that the company management will want to use every day when making decisions. Together we will investigate the nature of business decisions, the ugly side of cognitive biases and conflicts of interest and how the application of risk appetite, risk tolerances and risk limits can help protect the shareholder value.