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 Project Risk Quantification: Methods that Work #riskawarenessweek2019

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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 Risk Culture Eats Strategy for Breakfast, Too #riskawarenessweek2019

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 Do you know what you’re doing? #riskawarenessweek2019

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 Human Risk #riskawarenessweek2019

Risk awareness resources – improve risk awareness in your workplace #riskawarenessweek2019

Risk Awareness Week RAW2019 brings some of the leading risk management researchers and practitioners to your computer or mobile phone. It is designed to raise awareness about risk management application in planning, forecasting, budgeting, construction, investments and performance management and will significantly enhance your decision making.   RESOURCES FOR RISK MANAGERS ISO31000 was updated in… Continue reading Risk awareness resources – improve risk awareness in your workplace #riskawarenessweek2019

Must watch for anyone in risk management – The millstone called ‘risk management’ #riskawarenessweek2019

While, what Grant Purdy did had many titles over the last 44 years, it all seems to come down to assisting decision makers to have effective and efficient conversations about whether the decisions they are making, and have made previously, are providing sufficient certainty that intended outcomes will be achieved. These conversations always start, as… Continue reading Must watch for anyone in risk management – The millstone called ‘risk management’ #riskawarenessweek2019

Neurosciences, Leadership Styles and Risk Management #riskawarenessweek2019

Current research confirms the influence of prenatal hormones on risk aversion. In this session Prof. Derval will apply the latest findings in neurosciences to risk management and study the link between decision makers’ aversion to risk, their leadership style and the way they innovate. Diana Derval, PhD, EMBA, is Chair and Research Director of DervalResearch,… Continue reading Neurosciences, Leadership Styles and Risk Management #riskawarenessweek2019

A CEOs Perspective of Risk Management #riskawarenessweek2019

A CEOs Perspective of Risk Management. My journey from risk manager to CEO involved a lot of learning. Not least of all, what is important to the C-Suite and shareholders; and what isn’t. As risk managers we spend a lot of our time on risk frameworks, assessments, tools, and the like. A clever risk treatment… Continue reading A CEOs Perspective of Risk Management #riskawarenessweek2019

Corporate misconduct has its origins in poor risk management practices #riskawarenessweek2019

We continue to witness a constant flow of misconduct scandals, resulting in escalating sanctions, fines, customer detriment and reputational loss. But are the steps we are taking really going to result in sustainable changes? If history is anything to go by, I fear not. Reflecting on his 25 years experience within financial services, Ben Pickup… Continue reading Corporate misconduct has its origins in poor risk management practices #riskawarenessweek2019

Making uncertainty live. What an intriguing name for the workshop :)) #riskawarenessweek2019

Sam Savage, Executive Director of ProbabilityManagement.org, author of the Flaw of Averages – Why we Underestimate Risk in the Face of Uncertainty, Adjunct Professor in Stanford University’s School of Engineering and a Fellow of the Judge Business School at Cambridge University, will share live interactive models for decision making in oil and gas, pharma, construction and… Continue reading Making uncertainty live. What an intriguing name for the workshop :)) #riskawarenessweek2019