In 2018 I attempted to coin the distinction between “Risk Management 1” – cosmetic, governance-driven risk management, and “Risk Management 2” – value-adding risk management that drives better decision-making https://riskacademy.blog/rm1-vs-rm2-which-side-will-you-choose/ I have been following walking the talk, in both my consulting practice, personal life and in the corporate employment, ever since. In 2021 the company… Continue reading Risk management 2 is both a control and decision making tool
Our theme this year is better and greener decision making through risk management with specific focus on better planning, performance management and governance through risk management and decision science. Check out amazing speakers who already joined the conference https://2021.riskawarenessweek.com/ The objective this year is to bring risk management to non-risk professionals who would benefit from its… Continue reading RISK AWARENESS WEEK 2021 IS BACK! EARLY BIRD SALE ENDS IN 11 DAYS. DON’T MISS THE 80% OFF ALL ACCESS TICKETS
The COVID-19 pandemic is taking a heavy toll on people’s health, lives, and societies. Lots of us have felt worried about the coronavirus pandemic, and everyone will feel differently about the changes to lockdown restrictions. If you have lost a job as a result of COVID-19 we would like to offer you free full access… Continue reading Free access to RAW2021 to anyone who lost a job due to COVID-19
“It may sound like modelling is a nearly mythical experience where you need to have a firm grasp of arcane mathematics and hermetic financial models to do simulations, but that’s just not the case,” said Benoit Ladouceur, specialist director enterprise risk at VIA Rail Canada. He was giving a practical presentation to an audience at… Continue reading Benoit Ladouceur – Five distributions that will immediately improve your risk analysis
RISK MANAGEMENT AWARENESS is the biggest online platform to learn about risk management and decision making. Amazing lineup of international speakers have recorded practical case studies on integrating risk management into decision making, planning, project management, performance management and core business processes. You can watch the workshops any time on your phone, computer or tablet. More… Continue reading BLACK FRIDAY – Free access to all RAW2020 workshops until 28.11.2020
Every year I ask the best quant risk and decision making professionals I can find to share their models, simulations, methodologies and case studies with the public. We call it RISK AWARENESS WEEK and it runs for a week in October. Every year more than 3000 participants from 100+ countries take part and 2020 was… Continue reading 45 risk management and decision making workshops available on demand
The COVID-19 pandemic is taking a heavy toll on people’s health, lives, and societies. Lots of us have felt worried about the coronavirus pandemic, and everyone will feel differently about the changes to lockdown restrictions. If you have lost a job as a result of COVID-19 we would like to offer you free full access… Continue reading Free access to RAW2020 to anyone who lost a job due to COVID-19
Alex Sidorenko will develop a risk management framework document for your organization based on the ISO31000:2018 and COSO:ERM 2017 principles. Risk management framework that clearly states the organization’s objectives and commitment to risk management. The framework will be specifically tailored to your industry and organizational strategic objectives. As part of the framework, Alex will develop risk criteria, risk management process and necessary templates.
Time to complete: 2-3 weeks. This is a risk management 1 product.
Most modern-day risk managers are familiar with developing a risk management framework or procedure documents. These documents capture risk management roles and responsibilities, outline risk management processes as well as other aspects of risk management. Risk management framework documents became so common, that nowadays they don’t require much effort to develop and there are plenty… Continue reading Practical ideas: Update existing policies and procedures to include elements of risk management
Risk managers should build relationships and join forces with the other managers responsible for performance improvement initiatives, like lean management, quality, safety, environment, security or others. Risk managers should participate in relevant major performance improvement workshops (for example, kaizen sessions during lean projects) to better understand sources of risks and suggested solutions, or at least… Continue reading Practical ideas: Join forces with the managers responsible for other areas of performance improvement