Watch the recording of a live debate between J.D. Solomon and Alex Sidorenko on whether risk matrices/heat maps have a place in risk management or should they be avoided like plague. J.D.Solomon argued that risk matrices are the “gold standard” for risk analysis in most industries and all of those people cannot be wrong. Risk… Continue reading RECORDING: Why risk matrices are immoral… or are they?
I feel risk management is on a verge of something interesting, something very exciting at the moment. For a long time, I naively thought that by doing good risk management all the key stakeholders would be satisfied, but the reality is, different stakeholders want completely different things. There is risk management 1 – risk management for… Continue reading RM1 vs RM2 – which side will you choose?
This was the original post that was triggered a lot of discussion around the concept of risk appetite in non-financial companies. Again. I semi-changed my mind on risk appetite. Separate risk appetite statements are still stupid (because there is a better way), but despite that risk appetites should be calculated. Because if done properly there… Continue reading Risk appetite reimagined 2.0
RISK-ACADEMY regularly runs free webinars on various risk management and decision quality topics. Browse the list below to see if any of our existing webinars would be interesting to you or your friends. Please feel free to share this page on social media.
Well to me, this means – the results of the risk analysis has to be presented in EXACTLY the same way the decision is being discussed. If an investment decision is made based on NPV and IRR – then risk manager has to bring to the table new calculation for NPV and IRR based on… Continue reading Everybody says the risk managers should speak business language. But what does it actually mean?
Must read for all risk managers. You may ignore the findings, but a must read nevertheless: The risk matrix (RM) is a widely espoused approach to assess and analyze risks. RMs have been implemented throughout that industry and are extensively used in risk-management contexts. This is evidenced by numerous SPE papers documenting RMs as the… Continue reading The Risk of Using Risk Matrices
I have recently came across a wonderful article on gamification https://www.tenfold.com/gamification/gamification-tenfold-digital-engagement-sales-motivation and has decided to build another risk management game for the next years G31000 risk management conference. We will first pilot it at the largest risk management conference in Russia and then bring it to the global G31000 event. Any ideas on the topic for… Continue reading Gamification in Risk management 2.0
In this session, global experts will discuss the strengths and weaknesses of two leading risk management frameworks covering everything from what’s good, what’s bad, what could/should be improved, how to “cherry pick” the best from both, which one is most likely to be favored by regulators globally, and much more. You might even learn a… Continue reading ISO 31000 vs COSO ERM – The Great Debate
In the final of a 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… Continue reading Risk Management Could Be a Powerful Tool, But it Just isn’t (part 4)
In the third of a four-part series, Alex Sidorenko, founder and CEO of Risk-Academy, explains how risk management is disconnected from decision making. 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… Continue reading Risk Management Could Be a Powerful Tool, But it Just isn’t (part 3)