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 sales plan/forecast which is then regarded as equalling the future demand based upon which a capacity profile is calculated. Uncertainty is catered for by applying… Continue reading RAW2020: Uncertainty based capacity optimization
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 can be created by mixing different crops and/or different climate zones, soils and cultivation practices. We also apply risk management to reduce price risk through… Continue reading RAW2020: Agricultural Risk Analysis: art and science – Ariadna Berger
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 2005 to 2008 the price to get a process plant built increased by 50% at a time of negligible inflation. Economic cycles like these are… Continue reading RAW2020: Escalation: The Forgotten Risk – John Hollmann
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 insurance policies. While the loss of a cellphone is usually an event of no or low consequence, the loss of a home to a family… Continue reading RAW2020: The Cat Insurance Puzzle: Why People insure their Cellphone but not their Home – Annette Hofmann
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 test how well quantitative risk analysis performs I wanted a real life situations, where odds were known and the stakes were high. National lottery looked… Continue reading Real life application of quantitative risk analysis, an excellent case study
In this 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 make strategic, operational… Continue reading 102. Why ERM is not effective – cognitive biases
Alex Sidorenko from RISK-ACADEMY talks about why non-financial companies should even borther with risk management. – – – – – – – – – – – – – – – – At RISK-ACADEMY we have compiled free videos of lectures, seminars and interviews with Russian risk managers, as well as free templates and examples of… Continue reading 101. Why do risk management?