Risk matrices have been around for decades, but most people don’t build their own anymore. In fact, Mark Powell told an audience at Risk Awareness Week 2020 that he hadn’t… Continue reading WATCH REPLAY: Mark Powell – The lost art of building risk matrices and why they should be avoided
Tag: Economy
WATCH REPLAY: Uncertainty based capacity optimization
https://2020.riskawarenessweek.com/talks/uncertainty-based-capacity-optimization/ Most companies apply capacity planning to define when to invest in what equipment in order to be able to meet demand. For most companies, this is done using a… Continue reading WATCH REPLAY: Uncertainty based capacity optimization
WATCH REPLAY: Agricultural Risk Analysis: art and science – Ariadna Berger
https://2020.riskawarenessweek.com/talks/agricultural-risk-analysis-art-and-science/ In Argentina we have been applying risk assessment and management concepts in farming for more than twenty years. Price and yield risk can be managed through diversification. Agricultural portfolios… Continue reading WATCH REPLAY: Agricultural Risk Analysis: art and science – Ariadna Berger
WATCH REPLAY: Escalation: The Forgotten Risk – John Hollmann
https://2020.riskawarenessweek.com/talks/escalation-the-forgotten-risk/ Every project cost estimate includes some allowance for price escalation in its midst. However, few recognize escalation for the potentially devastating risk that it can be. For example, from… Continue reading WATCH REPLAY: Escalation: The Forgotten Risk – John Hollmann
WATCH REPLAY: The Cat Insurance Puzzle: Why People insure their Cellphone but not their Home – Annette Hofmann
https://2020.riskawarenessweek.com/talks/dr-annette-hofmann/ The cat insurance puzzle refers to the low or missing demand for high-severity-low-probability events, which is surprising given the high demand for low-value insurance products such as cell phone… Continue reading WATCH REPLAY: The Cat Insurance Puzzle: Why People insure their Cellphone but not their Home – Annette Hofmann
Real life application of quantitative risk analysis, an excellent case study
Can 17 risk managers double their money in just 2 days with no luck and using only quantitative risk analysis? Find out in this short case study. The problem To… Continue reading Real life application of quantitative risk analysis, an excellent case study
Survey with a prize: How do organizations manage risk today?
How do organizations manage risk today? What risk management processes do they use – and to what effect? Douglas Hubbard (author of How to measure anything in cyber and The Failure… Continue reading Survey with a prize: How do organizations manage risk today?
Practical ideas: CREATE A NETWORK OF “RISK-CHAMPIONS”
An active network of “risk champions” is a very effective management tool used to develop strong risk management culture. This network could become the “glue” between the risk management team… Continue reading Practical ideas: CREATE A NETWORK OF “RISK-CHAMPIONS”
Practical ideas: Regularly evaluate risk management culture
Every risk manager we have interviewed explained to us that periodic risk culture evaluations help strengthen the risk culture. So, we wanted to give readers some practical ideas around it.… Continue reading Practical ideas: Regularly evaluate risk management culture
Practical ideas: Join forces with the managers responsible for other areas of performance improvement
Risk managers should build relationships and join forces with the other managers responsible for performance improvement initiatives, like lean management, quality, safety, environment, security or others. Risk managers should participate… Continue reading Practical ideas: Join forces with the managers responsible for other areas of performance improvement
