Tag: decision making

Should it be objective-centric ERM or decision focused risk management or risk-based decision making or just decision making?

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Couple of months ago I promised Hans Læssøe to respond to his article about the link between risk management and decision making. I finally managed to summarise my thoughts in this short video: https://www.youtube.com/watch?v=AHUW1Tecfac, but basically I believe risk management was hijacked by auditors and consultants approximately 30 years ago and turned into a joke and… Continue reading Should it be objective-centric ERM or decision focused risk management or risk-based decision making or just decision making?

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Integrate into decision making, integrate into decision making… how do you actually do it?

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Quite often people ask me how to better create corporate risk register or departement level operational risk registers or risk management framework documents. My answer is always the same – don’t need one, don’t do it. All of my videos, articles, posts hint at better ways to get the same job done. Ok, fair enough,… Continue reading Integrate into decision making, integrate into decision making… how do you actually do it?

Risk Management Could Be a Powerful Tool, But it Just isn’t (part 4)

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In the final of a 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… Continue reading Risk Management Could Be a Powerful Tool, But it Just isn’t (part 4)

Risk Management Could Be a Powerful Tool, But it Just isn’t (part 3)

Posted in Hot, Risk management6 Comments

In the third of a four-part series, Alex Sidorenko, founder and CEO of Risk-Academy, explains how risk management is disconnected from decision making. 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… Continue reading Risk Management Could Be a Powerful Tool, But it Just isn’t (part 3)

Risk Management Could Be a Powerful Tool, But it Just isn’t (part 2)

Posted in Hot, Risk management9 Comments

In the second of a four-part series, Alex Sidorenko, founder and CEO of Risk-Academy, explains how the key to managing corporate risks is often through dealing with the individual risks of decision-makers first. If there is one thing I learned in my previous role as Head of Risk at a multibillion-dollar sovereign investment fund, risk… Continue reading Risk Management Could Be a Powerful Tool, But it Just isn’t (part 2)

Risk Management Could Be a Powerful Tool, But it Just isn’t (part 1)

Posted in Hot, Risk management6 Comments

Alex Sidorenko shares four valuable lessons about integrating risk management principles and methodologies into the day-to-day decision making. He shares some practical suggestions on how to overcome cognitive biases when managing risks and make risk-based thinking part of the overall corporate culture of the organisation. If there is one thing I learned in my previous… Continue reading Risk Management Could Be a Powerful Tool, But it Just isn’t (part 1)

3 free tickets to G31000 risk management conference in Dubai 24-25 September 2017

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I am very excited about the paradigm shift in risk management and the greater emphasis on risk-based decision making or integrating risk analysis into decision making, which is really the same thing to me. Finally risk management as a profession is moving away from artificial concepts created by consultants with no scientific evidence whatsoever to… Continue reading 3 free tickets to G31000 risk management conference in Dubai 24-25 September 2017

3 fatal mistakes corporate risk managers make (part 2)

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A while back I wrote an article about 3 fatal mistakes risk consultants make https://riskacademy.blog/2017/01/14/3-fatal-mistakes-most-risk-consultants-make. It made quite an impact and was republished in Australia, Canada, Singapore and Europe with dozens of thousands of views. I feel it’s only fair to write a follow up article about the 3 more mistakes that risk managers themselves… Continue reading 3 fatal mistakes corporate risk managers make (part 2)

FREE WEBINAR: 4 practical steps to move from standalone risk management to risk-based decision making

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Risk management is changing with more than ever focus on integration and human culture and cognitive aspects. It sounds obvious, but is it really? Here is a quick test: Which typical risk management element/tool has the least amount of value? Risk management framework Quarterly risk assessment workshops Risk reports Risk registers Heat maps? In my… Continue reading FREE WEBINAR: 4 practical steps to move from standalone risk management to risk-based decision making

allthingsrisk ep. 53: Alex Sidorenko – Making Great Decisions “With Risks in Mind”

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When Ben Cattaneo started the All Things Risk podcast, he very deliberately stayed away from discussing the risk management profession (which is also my day-to-day profession). This is because he wanted the show to make risk and uncertainty concepts available to everyone. He didn’t want to make a podcast by risk professionals, for risk professionals.… Continue reading allthingsrisk ep. 53: Alex Sidorenko – Making Great Decisions “With Risks in Mind”