COVID-19 makes people crazy… and reckless with money. Don’t make the same mistakes

Every few months a group of the best risk managers in Russia play the lottery. Not for the thrills you might expect, but for the calculated and low-risk profits. I have written a series of articles about this, showing some of the logic, the math and the returns we got. Well, yet another big game was… Continue reading COVID-19 makes people crazy… and reckless with money. Don’t make the same mistakes

Sometimes avoiding risk is the best bet (pun intended)

Every few months a group of the best risk managers in Russia play the lottery. Not for the thrills you might expect, but for the calculated and low-risk profits. I have written a series of articles about this, showing some of the logic and the math. Well, another big game was yesterday. We did the… Continue reading Sometimes avoiding risk is the best bet (pun intended)

Are there any good business continuity experts out there?

Need the help of the network. Looking for a non-bs business continuity expert. I think the criteria for good looks something like this: Someone clever enough to know ISO standards on BCM are rubbish Rejects or actively opposes everything BCI does and publishes Knows that business impact analysis cannot be done using qualitative scales and… Continue reading Are there any good business continuity experts out there?

How would you sell the idea to do annual budget in ranges to the CFO?

Risk management network, need your help. Looking for any solid ideas from anyone who has already moved to probabilistic budgeting using ranges and distributions instead of single point estimates. How did you sell the idea to the CFO? How do you convince the management board and more importantly shareholders to plan, budget and set targets… Continue reading How would you sell the idea to do annual budget in ranges to the CFO?