Risk management lessons from the greatest World Cup ever

Let me start by saying, the 2018 World Cup in Russia was without a doubt the greatest sporting event I have ever experienced. I was very fortunate to experience most of the action first hand and be a part of the amazing Australian Optus Sport TV crew. Here is a little trip down the memory… Continue reading Risk management lessons from the greatest World Cup ever

Advertisements

4 September 2018 – Risk culture seminar in Malta

Join Alex Sidorenko, Vice-president Institute for Strategic Risk Analysis in Decision Making and Director, RISK-ACADEMY to talk about building strong risk culture. This will be a live 1-day seminar in Malta. Topics to be covered: Risk psychology and risk perception – what does 70 years of scientific research means for risk managers, the decision makers… Continue reading 4 September 2018 – Risk culture seminar in Malta

If cognitive biases in decision making are a given, how do risk managers overcome them?

If we accept there is a cognitive bias in decision making, how can we as risk professionals account for this and help our senior executive make better bias-free decisions? Risk Academy’s Alex Sidorenko discusses. Originally published for Knowledge@StrategicRisk https://www.strategicrisk-asiapacific.com/the-knowledge/overcoming-cognitive-bias-in-senior-executives/1428016.article   The earliest psychometric research was performed by psychologists Amos Tversky and Daniel Kahneman (who later won a Nobel… Continue reading If cognitive biases in decision making are a given, how do risk managers overcome them?

PMI’s Draft Standard for Risk Management in Portfolios, Programs, and Projects is absolute rubbish

For about a second I was excited about the new PMI’s Draft Standard for Risk Management in Portfolios, Programs, and Projects. After all, so much has been published about good risk management in projects http://broadleaf.com.au/resource-material/categories/cost-and-schedule-risk-analysis/ and written by David Hollmann https://www.amazon.com/Project-Risk-Quantification-John-Hollmann/dp/1941075029 I was both amazed at the overall maturity of risk analysis in project management, compared to corporate… Continue reading PMI’s Draft Standard for Risk Management in Portfolios, Programs, and Projects is absolute rubbish

RISK MANAGEMENT DEBATE: Is ERM a total fraud?

Join Hans Laessoe, founder of AKTUS and former CRO of LEGO, and Alex Sidorenko,  for another thought-provoking risk management debate. On the 2d of August we will talk about ERM and what it means to the risk management profession. Join us for this very entertaining debate. FREE REGISTRATION:  https://events.genndi.com/register/169105139238458453/32294926ac Alex will argue how most common ERM… Continue reading RISK MANAGEMENT DEBATE: Is ERM a total fraud?

The Great Debate Part III: Can ERM Realize its Potential in the Real World?

In our first two webinars, our panel discussed the pros and cons of the updated COSO and ISO guidance on effective risk management. They left us with the idea that while both updates are improvements on their prior versions, neither is fully satisfying. In this, the third webinar in the Great Debate series, our panel… Continue reading The Great Debate Part III: Can ERM Realize its Potential in the Real World?

What competencies should risk managers outside of banks and insurance companies really have?

Originally written for RM GURU and posted on  http://riskmanagementguru.com/competencies-risk-managers-non-financial-companies-really.html/ Here is also a short video summary of the article: https://www.youtube.com/watch?v=nqmnycKZwgg A while back I saw some discussions about competencies that risk managers should have. Some people talked about empathy and emotional intellect, others about strong communication skills and networking. And I thought to myself, what a… Continue reading What competencies should risk managers outside of banks and insurance companies really have?

UDEMY: Informed risk taking

Good news, first RISK-ACADEMY online course is now on Udemy! This course is not about doing risk assessments, building risk registers, heat maps or risk reports. None of these things have anything to do with proper risk management. This course is about alternative, a different take on risk management. This is what I call risk… Continue reading UDEMY: Informed risk taking

Practical ideas: CONTINUOUSLY IMPROVE YOUR OWN RISK MANAGEMENT SKILLS

Risk management has evolved significantly over the last 10 years and we probably haven’t seen the last of the changes just yet. Norman Marks recently called for a leap change in risk management guidance. Alex Sidorenko, one of the authors of this guide, has also published a series of articles calling for a major change… Continue reading Practical ideas: CONTINUOUSLY IMPROVE YOUR OWN RISK MANAGEMENT SKILLS