RAW2020: Probability for Pragmatists

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

RAW2020: COVID-19: How did we get here? Where and how do we go from here?

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?

RAW2020: Uncertainty based capacity optimization

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

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.

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

Why risk community rejects science, logic and common sense

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 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: Leading in a VUCA World: What You Need to Succeed – Dr. Karen Hardy

https://2020.riskawarenessweek.com/talks/leading-in-a-vuca-world-what-you-need-to-succeed/ There is a new skillset that will be needed by risk professionals in order to succeed in the post-COVID environment: known as the VUCA World! Organizations will be looking to risk professionals to deliver higher value that will go beyond the typical technical expertise of developing risk registers. Discover the missing skill a d… Continue reading RAW2020: Leading in a VUCA World: What You Need to Succeed – Dr. Karen Hardy

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