In a profession dedicated to identifying and managing uncertainty, there exists a puzzling contradiction: many managers actively avoid quantifying the very risks they’re tasked with. You probably know risk managers like that, we all do. While quantitative risk analysis forms the foundation of effective decision-making under uncertainty (see any textbook on decision science), it remains… Continue reading Stop avoiding the risk quantification elephant in the room
Tag: future of risk management
3 Risk Management Ideas from the Future
I believe there are 3 things risk managers of the future will be doing. Today, most of you are doing number 1, some, very few, are doing number 2 and almost no one is doing number 3. Risk managers of the future will be spending 50% of their time on number 3, 49% of their… Continue reading 3 Risk Management Ideas from the Future
3 disruptive risk management trends that will shape 2023 and will totally surprise you
When I set out to write this article I thought to myself, top trends are boring because they are always too obvious and have been going on for years. So I went on a quest to find the trends that will completely reshape the profession and yet will catch most of the risk managers completely… Continue reading 3 disruptive risk management trends that will shape 2023 and will totally surprise you
