Tag Archives: decision making

CRO DIARY: We are so busy chasing the next “sexiest” risk, we miss the forest for the trees

CRO DIARY: We are so busy chasing the next “sexiest” risk, we miss the forest for the trees

Recently, I sat down to do my weekly Wednesday live stream. Normally I share stories, answer questions and discuss lessons I learned as a Chief Risk Officer, but this time I wanted to talk about something else. Something that has been troubling me for a while. The fundamental flaws in decision making and risk management. […]

Make #riskawarenessweek2020 you corporate risk management training. Put it in the budget for next year

Make #riskawarenessweek2020 you corporate risk management training. Put it in the budget for next year

Risk Awareness Week 2020 #RAW2020 will bring some of the leading risk management researchers and practitioners to your staff computers or mobile phones. It is designed to raise awareness about risk management application in planning, forecasting, budgeting, construction, investments and performance management and will significantly enhance the quality of decision making. More than 50 sessions […]

You can still use #riskawarenessweek2019 as corporate risk management training for your staff

You can still use #riskawarenessweek2019 as corporate risk management training for your staff

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. More than 60 sessions across 5 days from 14 […]

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

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

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 […]

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

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

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, […]

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 4)

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 […]

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 3)

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 […]

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 2)

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 […]

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

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

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 […]