Our theme this year is better and greener decision making through risk management with specific focus on better planning, performance management and governance through risk management and decision science. Check out amazing speakers who already joined the conference https://2021.riskawarenessweek.com/ The objective this year is to bring risk management to non-risk professionals who would benefit from its… Continue reading RISK AWARENESS WEEK 2021 IS BACK! EARLY BIRD SALE ENDS IN 11 DAYS. DON’T MISS THE 80% OFF ALL ACCESS TICKETS
Deadline for submission – 31 July 2021 We invite industry leaders and practicing risk management and decision support professionals to present their case studies at the RISK AWARENESS WEEK 2021 scheduled from 11-15 October 2021. RISK AWARENESS WEEK is an annual event that aims to promote risk management practices, risk psychology, decision science and quantitative… Continue reading Call for speakers. Share your risk management or decision making case studies with the world
https://2020.riskawarenessweek.com/talks/managing-irreducible-risks-through-portfolio-analysis-hedging-and-diversification/ The success of quantitative risk management rests on our ability to assess probabilities, but what is a probability anyway? How do you know if your assessments are any good and what does it even mean to say there’s a 50% chance of rain tomorrow? A pragmatic approach to these questions quickly takes us in… Continue reading RAW2020: Probability for Pragmatists
https://2020.riskawarenessweek.com/talks/covid-19-how-did-we-get-here-where-and-how-do-we-go-from-here/ The spread of viral disease (COVID-19) was the last snowflake that caused the avalanche of global proportion. The inter-relationship of nonfinancial risks resulted in the new reality that we are now living through. This session will examine the inter-relationships of global risks and trends that existed at the end of 2019, and will demonstrate… Continue reading RAW2020: COVID-19: How did we get here? Where and how do we go from here?
https://2020.riskawarenessweek.com/talks/uncertainty-based-capacity-optimization/ Most companies apply capacity planning to define when to invest in what equipment in order to be able to meet demand. For most companies, this is done using a sales plan/forecast which is then regarded as equalling the future demand based upon which a capacity profile is calculated. Uncertainty is catered for by applying… Continue reading RAW2020: Uncertainty based capacity optimization
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.
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
First, I wanted to share an extract from the book I am reading at the moment Alchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business, and Life The chapter is called “I Know It Works in Practice, but Does It Work in Theory? On John Harrison, Semmelweis and the Electronic Cigarette”… Continue reading Why risk community rejects science, logic and common sense
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
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