Ok, the title is obviously a joke, because the alternatives (multiple) have been available to anyone willing to learn for over 50 years. But since you clicked, this article will probably change your life for the better. Thank you Damir Ramazanov, Group Project Risk Manager, ERG for helping with the article and providing quality review. … Continue reading Finally! An alternative to risk matrices
Watch the recording of a live debate between J.D. Solomon and Alex Sidorenko on whether risk matrices/heat maps have a place in risk management or should they be avoided like plague. J.D.Solomon argued that risk matrices are the “gold standard” for risk analysis in most industries and all of those people cannot be wrong. Risk… Continue reading RECORDING: Why risk matrices are immoral… or are they?
Join J.D. Solomon and Alex Sidorenko on 3 May 2018 to debate whether risk matrices/heat maps have a place in risk management or should they be avoided like plague. For anyone following my blog for a while, you know how much I dislike qualitative risk analysis techniques in general and heat maps in particular. I… Continue reading THE RISK DEBATE CONTINUES: Why risk matrices are immoral… or are they?
Must read for all risk managers. You may ignore the findings, but a must read nevertheless: The risk matrix (RM) is a widely espoused approach to assess and analyze risks. RMs have been implemented throughout that industry and are extensively used in risk-management contexts. This is evidenced by numerous SPE papers documenting RMs as the… Continue reading The Risk of Using Risk Matrices
Alex Sidorenko from RISK-ACADEMY talks about risk heat maps and why they are a complete waste of time. There are at least 3 better ways to present risk management information.
Watch more free risk management videos on http://www.risk-academy.ru/en/risk-management-video/ or subscrive to RISK-ACADEMY youtube channel https://www.youtube.com/user/alexausrisk