COVID-19 makes people crazy… and reckless with money. Don’t make the same mistakes

Every few months a group of the best risk managers in Russia play the lottery. Not for the thrills you might expect, but for the calculated and low-risk profits. I have written a series of articles about this, showing some of the logic, the math and the returns we got. Well, yet another big game was… Continue reading COVID-19 makes people crazy… and reckless with money. Don’t make the same mistakes

Sometimes avoiding risk is the best bet (pun intended)

Every few months a group of the best risk managers in Russia play the lottery. Not for the thrills you might expect, but for the calculated and low-risk profits. I have written a series of articles about this, showing some of the logic and the math. Well, another big game was yesterday. We did the… Continue reading Sometimes avoiding risk is the best bet (pun intended)

Are there any good business continuity experts out there?

Need the help of the network. Looking for a non-bs business continuity expert. I think the criteria for good looks something like this: Someone clever enough to know ISO standards on BCM are rubbish Rejects or actively opposes everything BCI does and publishes Knows that business impact analysis cannot be done using qualitative scales and… Continue reading Are there any good business continuity experts out there?

How would you sell the idea to do annual budget in ranges to the CFO?

Risk management network, need your help. Looking for any solid ideas from anyone who has already moved to probabilistic budgeting using ranges and distributions instead of single point estimates. How did you sell the idea to the CFO? How do you convince the management board and more importantly shareholders to plan, budget and set targets… Continue reading How would you sell the idea to do annual budget in ranges to the CFO?

CRO DIARY: We are so busy chasing the next “sexiest” risk, we miss the forest for the trees

Recently, I sat down to do my weekly Wednesday live stream. Normally I share stories, answer questions and discuss lessons I learned as a Chief Risk Officer, but this time I wanted to talk about something else. Something that has been troubling me for a while. The fundamental flaws in decision making and risk management.… Continue reading CRO DIARY: We are so busy chasing the next “sexiest” risk, we miss the forest for the trees

Risk management has failed, let’s drop it

You’ve probably heard the term “risk management” before. Broadly-speaking, this term involves the analysis of potential issues as well as the efforts to mitigate, resolve, or minimise the effects of those issues. When someone talks about risk management in terms of their stock portfolio, for example, they are typically referencing diversification so that one bad… Continue reading Risk management has failed, let’s drop it

2 simple steps to get FREE ticket to #RAW2020 (worth $100) and other exclusive content

RISK AWARENESS WEEK will happen again in 2020. This year we will have some of the best speakers from RAW2019 and many more new decision and risk professionals. One thing will be different. Each session will be a live demonstration or a demo or a case study showing step by step how quantitative risk analysis… Continue reading 2 simple steps to get FREE ticket to #RAW2020 (worth $100) and other exclusive content

Informed Risk Taking : Risk Management Process – Analysis

For the Setup of Group License only and nothing more. This is not displayed to website traffic. It is for admin/instructor for this course only.

However, it is the foundation for the setup of the License Course that Corporate Members will buy. So, if the license course must be live and sellable, this has to be live in the background and not deleted.

Make #riskawarenessweek2020 you corporate risk management training. Put it in the budget for this year

Risk Awareness Week 2020 #RAW2020 will bring some of the leading risk management researchers and practitioners to your staff computers or mobile phones. It is designed to raise awareness about risk management application in planning, forecasting, budgeting, construction, investments and performance management and will significantly enhance the quality of decision making. More than 50 sessions… Continue reading Make #riskawarenessweek2020 you corporate risk management training. Put it in the budget for this year

I wonder if anyone realises that implementing ERM is actually bad risk management

According to COSO ERM, “enterprise risk management” refers to the culture, capabilities, and practices, integrated with strategy-setting and performance, that organizations rely on to manage risk in creating, preserving, and realizing value. Sounds not too bad. In this article I will argue that doing this, or rather doing as COSO and most consultants and most… Continue reading I wonder if anyone realises that implementing ERM is actually bad risk management