REPLAY: Sustainability & Risk Management – a key challenge for our time #riskawarenessweek2019

Facing up to sustainability is a key challenge facing all organisations today. The UN has defined sustainability through the 17 Sustainable Development Goals. Across all industries, businesses are trying to work out how they can demonstrate their commitment to sustainability. Investors and customers are demanding to see action being taken – if you don’t show… Continue reading REPLAY: Sustainability & Risk Management – a key challenge for our time #riskawarenessweek2019

REPLAY: New Frontiers of Risk Analysis in Industrial Companies: Benefits and Challenges #riskawarenessweek2019

Nowadays the quantitative risk analysis approaches in various fields are widely used at different business case stages: geology, engineering, construction and operations. You have probably heard of the QRA, Cost and Schedule Risk Analyzes, Reliability and Availability Modeling, Reliability Centered Maintenance etc., which have shown their value, added at different stages. These methods are aimed… Continue reading REPLAY: New Frontiers of Risk Analysis in Industrial Companies: Benefits and Challenges #riskawarenessweek2019

REPLAY: Strategic Risk Management – increasing the chances of succeeding in your strategy #riskawarenessweek2019

Research has shown that, unfortunately, corporate strategies are more likely to fail than succeed and those strategies that include a large technology component (such as ‘digital transformation’) are even less likely to succeed. Contrary to claims by consultants and academics, Strategy is hard, strategy is risky, and because change is ever-present, strategy is inevitable, and… Continue reading REPLAY: Strategic Risk Management – increasing the chances of succeeding in your strategy #riskawarenessweek2019

REPLAY: Blind spots are black spots – A way to greater clarity of thinking for better decisions, better outcomes #riskawarenessweek2019

Its easy to say “Everyone’s entitled to make a mistake”, especially when it is your own. Therein lies the biggest problem for our own decision making. Each of us think we are the world’s greatest decision maker and everyone else has a problem – You often find yourself thinking “If only they could see the… Continue reading REPLAY: Blind spots are black spots – A way to greater clarity of thinking for better decisions, better outcomes #riskawarenessweek2019

REPLAY: The Philosophy and Setting the Risk Framework #riskawarenessweek2019

Each of us, every day, practices risk management thousands of times, mostly without ever realizing it. One would think that we all would be superb at risk assessment, but most of us are not really comfortable with it. Before we can talk in earnest about the State of the Art in Quantitative Risk Assessment, in… Continue reading REPLAY: The Philosophy and Setting the Risk Framework #riskawarenessweek2019

REPLAY: The risk of making strategic decisions wrong #riskawarenessweek2019

Why should risk and uncertainty be on a decision-makers mind? With more than 50% failure rate in decision making, the risk of making strategic decisions wrong are enormous and can be traced back to a flawed decision-making process, unclear roles and responsibilities, wrong content including missing risk and uncertainties, missing out on alternatives and biased… Continue reading REPLAY: The risk of making strategic decisions wrong #riskawarenessweek2019

REPLAY: Project Risk Quantification: Methods that Work #riskawarenessweek2019

Decision makers depend on reliable capital project cost and schedule risk analyses to give them confidence in their capital investment decisions. To deliver reliability, risk analysts need to apply project risk quantification (PRQ) methods that work. That means the PRQ methods should: – be based on empirical research of risk drivers and validated against actual… Continue reading REPLAY: Project Risk Quantification: Methods that Work #riskawarenessweek2019

REPLAY: Risk Culture Eats Strategy for Breakfast, Too #riskawarenessweek2019

Peter Drucker, the founder of modern management, articulated succinctly:  “Culture eats strategy for breakfast.”  The same holds true for risk culture, however, after some landmark oversight cases and accounting scandals of the late 1990s and early 2000s, a shift occurred in the then-emerging field of Enterprise Risk Management (ERM) in firms, denoted in part by… Continue reading REPLAY: Risk Culture Eats Strategy for Breakfast, Too #riskawarenessweek2019

REPLAY: Do you know what you’re doing? #riskawarenessweek2019

Most of the time we make decisions on autopilot – conscious thinking is hard to do, and our brain turns it off quickly unless we make an effort. Kahneman discussed this in his book “Thinking Fast and Slow”. Frank will highlight the huge, surprising implications this has for Risk Management (RM1 or RM2 or whatever).… Continue reading REPLAY: Do you know what you’re doing? #riskawarenessweek2019

REPLAY: Human Risk #riskawarenessweek2019

The biggest risk facing most organisations in the Knowledge Economy is people. This session will explore how Behavioural Science, the study of what drives human decision-making, can help mitigate Human Risk. By better understanding how people make decisions, we can manage risk by reference to how people actually behave, rather than how we would like… Continue reading REPLAY: Human Risk #riskawarenessweek2019