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: risk culture
What motivates risk managers?
A while back I went on a quest. I was trying to find what motivates risk managers. After a dozen interviews I am no closer to the answer but I think I got a pretty good grasp about what motivates me, Alex Sidorenko, as a risk manager. See if any of these resonate with you.… Continue reading What motivates risk managers?
Download your free risk culture action plan
Facing challenges integrating risk management into your day-to-day operations? Look no further. Our action plan offers a meticulous roadmap designed to nurture and instil a risk-aware culture across every facet of your organization. Why is this essential for you? 🔍 Adopting a risk-aware mindset is no longer just a necessity—it’s a competitive advantage. What’s inside?… Continue reading Download your free risk culture action plan
RISK-ACADEMY’s Risk Management FAQ
Welcome to the RISK-ACADEMY guide on risk management! This guide provides expert insights and practical guidance on various aspects of risk management, ranging from risk identification and assessment to risk response planning and risk management integration with organizational strategy. Whether you are a risk management professional or just starting to explore the field of risk… Continue reading RISK-ACADEMY’s Risk Management FAQ
RISK-ACADEMY’s Guide to Risk Management Implementation
📣 Introducing the RISK-ACADEMY’s Ultimate Guide to Risk Management Implementation! 📚 Our comprehensive guide covers everything from integrating risk management into decision-making processes to building a risk-aware culture within your organization. 🚀 Get ready to transform your risk management strategy with practical tips, real-life case studies, and expert insights. Don’t miss out on this essential… Continue reading RISK-ACADEMY’s Guide to Risk Management Implementation
RISK-ACADEMY’s guide on ISO31000:2018
We are excited to announce the release of our new RISK-ACADEMY guide on ISO31000:2018, a globally recognized standard for risk management. Our guide is designed to help organizations implement the principles of ISO31000:2018 and mature their risk management practices. Our comprehensive guide provides an in-depth understanding of the ISO31000:2018 standard, including its key principles and… Continue reading RISK-ACADEMY’s guide on ISO31000:2018
RISK-ACADEMY’s guide to risk culture
Enjoy the RISK-ACADEMY Guide on Risk Culture – an essential resource for professionals seeking to understand and improve the risk culture within their organization. In today’s rapidly evolving business landscape, the ability to make risk based decisions is paramount to an organization’s success. At the heart of this capability lies the organization’s risk culture –… Continue reading RISK-ACADEMY’s guide to risk culture
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
Cognitive biases every risk manager must know (part 3)
Overconfidence bias The overconfidence effect is a well-established bias in which a person’s subjective confidence in his or her judgments is reliably greater than the objective accuracy of those judgments, especially when confidence is relatively high. Throughout the research literature, overconfidence has been defined in three distinct ways: (1) overestimation of one’s actual performance; (2) […]
Cognitive biases every risk manager must know (part 2)
Overconfidence bias The overconfidence effect is a well-established bias in which a person’s subjective confidence in his or her judgments is reliably greater than the objective accuracy of those judgments, especially when confidence is relatively high. Throughout the research literature, overconfidence has been defined in three distinct ways: (1) overestimation of one’s actual performance; (2) […]
