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

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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

Risk management lessons from real world risk takers #riskawarenessweek2019

Ben hosts and produces a regular podcast called All Things Risk (www.allthingsrisk.co.uk) in which he has long-form conversations with interesting guests – the objective of which is to make risk and uncertainty understandable and accessible to anyone. We all make decisions under uncertainty – both in business and life – and we should embrace that.… Continue reading Risk management lessons from real world risk takers #riskawarenessweek2019

Don’t miss day three 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. Some of the best experts in the world will share their models and methodologies for making better decisions using risk… Continue reading Don’t miss day three workshops #riskawarenessweek2019

5 reasons why internal auditors need to attend #riskawarenessweek2019

Risk Management Awareness Week from 14 to 18 October 2019 is a perfect place for internal auditors to learn. Risk Awareness Week RAW2019 brings some of the leading risk management researchers and practitioners to your computer or mobile phone. It is designed to raise awareness about risk management application in planning, forecasting, budgeting, construction, investments… Continue reading 5 reasons why internal auditors need to attend #riskawarenessweek2019

Better risk management – how to introduce quantitative risk management tools #riskawarenessweek2019

In this session Duncan considers why some organisations still use ineffective techniques and how they could start to improve their risk management arrangements. Using examples from his own career as a risk engineer in the oil industry and Chief Risk Officer for a local authority in Scotland, Duncan discusses some of the improvements made along… Continue reading Better risk management – how to introduce quantitative risk management tools #riskawarenessweek2019