REPLAY: Turning risk into value — literally #riskawarenessweek2019

The value of a project, investment, company, etc. is critical for making good business decisions, yet all too often we rely on kind of “esoteric” methods for valuation. In this talk, Torsten will describe a logical, systematic—and very practical—approach to put a risk-adjusted value to any kind of project, investment, etc. using simple Monte Carlo… Continue reading REPLAY: Turning risk into value — literally #riskawarenessweek2019

REPLAY: Risk Awareness for Water Utilities #riskawarenessweek2019

Financing Sustainable Water: Droughts, Climate Change, and Adapting to the Future using advanced risk analysis. This is a powerful workshop showing how risk analysis can help companies and governments make better decisions. This will be of interest to all participants, not just the ones involved in water management.   This is a must watch session… Continue reading REPLAY: Risk Awareness for Water Utilities #riskawarenessweek2019

REPLAY: Mapping the (real) world: How causal maps furnish a perfect interface between the world and our models of it. #riskawarenessweek2019

A crucial challenge in using quantitative risk models to inform decisions is to find an interface that shows the relationship between the model and the real world it represents. A model should provide transparency and insight. Too much mathematics will occlude that clarity for all but the most mathematically articulate, but too little risks turning… Continue reading REPLAY: Mapping the (real) world: How causal maps furnish a perfect interface between the world and our models of it. #riskawarenessweek2019

REPLAY: Limits of Mathematics – Math vs. Reality #riskawarenessweek2019

We must accept as a necessity that economy is mainly a subject of human interactions and with this it is clearly a part of social and cultural science which (actually) tries to use math tools to build prediction and equilibrium models (of uncertain events). This certain trait of economics, being a social and cultural science,… Continue reading REPLAY: Limits of Mathematics – Math vs. Reality #riskawarenessweek2019

REPLAY: Optimize Decision Value #riskawarenessweek2019

The concept of decision focused risk management is embedded in the ISO 31000 as well as COSO standard, and is still not standard operating process. The approach may seem opaque to many risk managers wishing to add real value to their organisation. In this workshop a series of simple and intuitive, yet highly valuable steps… Continue reading REPLAY: Optimize Decision Value #riskawarenessweek2019

REPLAY: Decision Analysis – Why framing the decision(s) is Important and how to do it #riskawarenessweek2019

Having a structure approach to making decisions can add significant value and avoid costly errors. We will discuss a proven approach that has been practised for years to make good decisions that may change your current decision making process. We will demonstrate using a case study that we will expand upon in subsequent presentations. This… Continue reading REPLAY: Decision Analysis – Why framing the decision(s) is Important and how to do it #riskawarenessweek2019

REPLAY: Risk management lessons from real world risk takers #riskawarenessweek2019

Ben hosts and produces a regular podcast called All Things Risk (www.allthingsrisk.co.uk) in which he has long-form conversations with interesting guests – the objective of which is to make risk and uncertainty understandable and accessible to anyone. We all make decisions under uncertainty – both in business and life – and we should embrace that.… Continue reading REPLAY: Risk management lessons from real world risk takers #riskawarenessweek2019

REPLAY: Better risk management – how to introduce quantitative risk management tools #riskawarenessweek2019

In this session Duncan considers why some organisations still use ineffective techniques and how they could start to improve their risk management arrangements. Using examples from his own career as a risk engineer in the oil industry and Chief Risk Officer for a local authority in Scotland, Duncan discusses some of the improvements made along… Continue reading REPLAY: Better risk management – how to introduce quantitative risk management tools #riskawarenessweek2019

REPLAY: Managing Risk Attitude for Better Decision Making #riskawarenessweek2019

In order to effectively manage risks and make better decisions, most rely on processes, tools, systems, frameworks and/or methodologies – however regardless of the approach taken to manage risk, there is always one common denominator … People!. Thus regardless of the approach and the nature of the risk – all risk is managed by people.… Continue reading REPLAY: Managing Risk Attitude for Better Decision Making #riskawarenessweek2019

REPLAY: What we can learn about good and bad risk decision making from Napoleon Bonaparte #riskawarenessweek2019

What we can learn about good and bad risk decision making from Napoleon Bonaparte’ with a focus on contrasting how brilliant Napoleon was in his early career versus how terrible he was in the latter. This is a must watch session for anyone working in risk management and a great foundation for the whole week.… Continue reading REPLAY: What we can learn about good and bad risk decision making from Napoleon Bonaparte #riskawarenessweek2019