Speaking at Risk Awareness Week, Max Henrion founder and CEO of Lumina Decision Systems, described the power of uncertainty modelling and when risk managers should apply a stochastic lens for decision-making. When you’ve got to catch an early morning flight – how much time do you leave to get to the airport? This was the… Continue reading Max Henrion – The wisdom of knowing how little you know
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
DAAG Virtual Conference | Day 3 Friday, June 26 8:00AM – 9:30AM (PT): Session #7: Rapid DQ Session Co-Chairs: Carl Spetzler, CEO, Strategic Decisions Group and Einar Sveinsson, Senior Engagement Manager, Strategic Decisions Group Carl Spetzler, CEO, Strategic Decisions Group. “Choosing Your Approach to Rapid DQ” Paul Wicker, Senior Decision Analyst, Chevron Energy Technology Company. “DA – When… Continue reading DAAG Virtual Conference. Day 3 agenda!
As part of the 25 year tradition, the SDP DAAG Conference is also hosting 4 quality short courses that were donated by leading professionals in their fields with the objective to disseminate the art and science of informed decision making globally. Pilot and Test Design Framing and Evaluation Date/Time: Wednesday, June 17 | 8:00 am… Continue reading 4 amazing online workshops for risk managers and decision makers
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
Once risk management roles and responsibilities have been documented in job descriptions and committee charters then appropriate and measurable KPIs should be developed. Just like anything else, risk management KPIs need to be integrated into the overall performance management system. Risk management is everyone’s responsibility. Yet, our research shows that managing risks is not natural… Continue reading Practical ideas: Include risk management KPIs into individual performance reviews
A while back I recorded a short video on the topic of risk management organizational structure in a non-financial company. In the video I discussed various options for risk manager’s place in the overall organizational structure. Since there is really no single right answer, the few common options include: reporting directly to the CEO, reporting… Continue reading 5 reasons why internal audit may be the best place for the risk manager to sit