Don’t miss day four workshops #riskawarenessweek2019

Risk Awareness Week is scheduled for 5 days. Each day will teach you an important aspect of effective decision making. Day three is all about practical application of decision science and risk management to decision making, cyber, information risks and operational risks in banks. Day four will start with Didier Odorico, Director, Risk Management, Tetra Pak, who will share… Continue reading Don’t miss day four workshops #riskawarenessweek2019

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Deviations, Concentrations, Connections: Hints and Tips to draw insight from your risk data #riskawarenessweek2019

Standard risk reporting are often thick, descriptive, too rarely insightful or inspiring. In this session, Dr. Chapelle (University College London and www.chapelleconsulting.com) offers some simple tweaks to apply to risk reporting – and KRIs reporting – to make it more informative and insightful, attracting attention and driving better decisions. Information lies in deviations and concentrations;… Continue reading Deviations, Concentrations, Connections: Hints and Tips to draw insight from your risk data #riskawarenessweek2019

Why only a quantitative ERM approach will help solve the problems you really care about #riskawarenessweek2019

Risk management guidelines advise us what a good Enterprise Risk Management (ERM) system should look like. They explain that it should keep a business within the bounds of its risk appetite, should enable risks to be managed efficiently, and help ensure that strategic goals are met. They tell us that qualitative and quantitative methods can… Continue reading Why only a quantitative ERM approach will help solve the problems you really care about #riskawarenessweek2019

Struggling to migrate your focus from control to performance activities… choose your own path… #riskawarenessweek2019

Most professional risk managers are still trapped in control activities, struggling to switch their focus to performance. Instead of taking a radical giant step from RM1 to RM2 there is a way for each of us to progressively evolve our function. This can vary a lot, depending on your type of industry, where your company… Continue reading Struggling to migrate your focus from control to performance activities… choose your own path… #riskawarenessweek2019

Turning risk into value — literally #riskawarenessweek2019

The value of a project, investment, company, etc. is critical for making good business decisions, yet all too often we rely on kind of “esoteric” methods for valuation. In this talk, Torsten will describe a logical, systematic—and very practical—approach to put a risk-adjusted value to any kind of project, investment, etc. using simple Monte Carlo… Continue reading Turning risk into value — literally #riskawarenessweek2019

Risk Awareness for Water Utilities #riskawarenessweek2019

Financing Sustainable Water: Droughts, Climate Change, and Adapting to the Future using advanced risk analysis. This is a powerful workshop showing how risk analysis can help companies and governments make better decisions. This will be of interest to all participants, not just the ones involved in water management.   This is a must watch session… Continue reading Risk Awareness for Water Utilities #riskawarenessweek2019

Mapping the (real) world: How causal maps furnish a perfect interface between the world and our models of it. #riskawarenessweek2019

A crucial challenge in using quantitative risk models to inform decisions is to find an interface that shows the relationship between the model and the real world it represents. A model should provide transparency and insight. Too much mathematics will occlude that clarity for all but the most mathematically articulate, but too little risks turning… Continue reading Mapping the (real) world: How causal maps furnish a perfect interface between the world and our models of it. #riskawarenessweek2019

Limits of Mathematics – Math vs. Reality #riskawarenessweek2019

We must accept as a necessity that economy is mainly a subject of human interactions and with this it is clearly a part of social and cultural science which (actually) tries to use math tools to build prediction and equilibrium models (of uncertain events). This certain trait of economics, being a social and cultural science,… Continue reading Limits of Mathematics – Math vs. Reality #riskawarenessweek2019

Optimize Decision Value #riskawarenessweek2019

The concept of decision focused risk management is embedded in the ISO 31000 as well as COSO standard, and is still not standard operating process. The approach may seem opaque to many risk managers wishing to add real value to their organisation. In this workshop a series of simple and intuitive, yet highly valuable steps… Continue reading Optimize Decision Value #riskawarenessweek2019

Decision Analysis – Why framing the decision(s) is Important and how to do it #riskawarenessweek2019

Having a structure approach to making decisions can add significant value and avoid costly errors. We will discuss a proven approach that has been practised for years to make good decisions that may change your current decision making process. We will demonstrate using a case study that we will expand upon in subsequent presentations. This… Continue reading Decision Analysis – Why framing the decision(s) is Important and how to do it #riskawarenessweek2019