How to use Value of Information to improve the decision policy in Oil and Gas? – Trygve Botn

https://2020.riskawarenessweek.com/talks/how-to-use-value-of-information-to-improve-the-decision-policy-in-oil-and-gas/ This live Excel presentation will demonstrate how to: frame a Value of Imperfect Information evaluation of a drilling problem, quantify the frame in a risk model (SIPmath) using continuous variables, solve the problem frame using simulation to establish the decision policy and explain how we reduce downside and possibly increase the upside. We will… Continue reading How to use Value of Information to improve the decision policy in Oil and Gas? – Trygve Botn

5 red flags 🚩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 🚩when just starting to implement risk management

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

ISO31000 Integrating Risk Management into Decision Making

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.