Given the uncertainties businesses have faced as result of the Covid-19 pandemic, it’s hardly surprising many are looking to improve how they do risk management. According to Duncan Harwood, managing director of 2020 Risk Management, introducing Monte Carlo simulation one of the best steps a business can take to improve its risk management processes. Giving… Continue reading Why every risk manager must be using Monte Carlo modelling to evaluate effect of risks
Ok, the title is obviously irony, because no organisation on the planet is ever “just” starting to implement risk management” or “starting from scratch”. Organisations have been making risk-based decisions since the inception. Often poorly, but that’s another point altogether. And yet, far too many job advertisements I see are looking risk specialists to build… Continue reading 5 red flags 🚩when just starting to implement risk management
One of the biggest issues in the risk management profession is that many, way too many, people who have the title of risk manager are not really qualified to do the job. Many don’t even have the minimum required education. Imagine a doctor who vaguely remembers doing biology in year 9 high school. Well that’s… Continue reading 5 red flags 🚩when hiring a risk manager
Ok, the title is obviously irony. If you have seen any of my posts you will know how sceptical I am of this management fad called risk appetite. I am actually old enough to remember when consultants started pushing this concept pretending it was both new and useful. Anyway, since the concept is unlikely to… Continue reading 3 steps to set corporate risk appetite
Many risk managers are reluctant to have a conversation with executives about the need to better integrate into decision making and the need to talk and think about risks systematically every day. Changing the methodology, reporting format and tools? Forget about it. Even just talking and asking for a great role in decision making gives… Continue reading 100. Are risk managers scared to take risks?
Alex Sidorenko from RISK-ACADEMY talks about two instances where critical thinking is absolutely invaluable to any risk manager. Are you applying critical thinking often enough? At RISK-ACADEMY we have compiled free videos of lectures, seminars and interviews with Russian risk managers, as well as free templates and examples of the tools required for the implementation… Continue reading 79. Risk managers need to learn critical thinking – Alex Sidorenko
Alex Sidorenko from RISK-ACADEMY talks about a role every risk manager should play within a company. What role do you play? At RISK-ACADEMY we have compiled free videos of lectures, seminars and interviews with Russian risk managers, as well as free templates and examples of the tools required for the implementation of elements of risk… Continue reading 78. Which role should the risk manager play? – Alex Sidorenko
Alex Sidorenko from RISK-ACADEMY talks about important decisions a person must make when hiring a risk manager. Which skills are most important? At RISK-ACADEMY we have compiled free videos of lectures, seminars and interviews with Russian risk managers, as well as free templates and examples of the tools required for the implementation of elements of… Continue reading 73. Who would you hire as a risk manager?
Join us on Wednesday 9:00 for our virtual panel discussion: How to elevate risk management with risk-based decision-making To many risk managers who have spent years identifying, analysing and mitigating risks, the concept of risk-based decision-making may seem very different, daunting or even somewhat scary. But making the change is not as challenging as it may appear. In… Continue reading StrategicRISK virtual panel – starts now
Alex Sidorenko from RISK-ACADEMY talks about his views on risk-based decision making, why it’s harder than we think and not natural for people in the workplace. Alex also talks about the role of the risk manager to help embed risk based decision making. Learn more about integrating risk management into decision making, planning and performance… Continue reading 62. Risk based decision making – Alex Sidorenko