RAW2020: The Failure of Risk Management

https://2020.riskawarenessweek.com/talks/the-failure-of-risk-management/ Choices to make for your company or organization can seem overwhelming at times and the answers to hard questions may seem impossible to find. Whether your uncertain decisions are in a small company assessing a critical market opportunity, a Fortune 100 company implementing an enterprise-wide process to prioritize an entire portfolio of projects, or… Continue reading RAW2020: The Failure of Risk Management

RAW2020: Making decisions unburdened by ‘risk management’ myths

https://2020.riskawarenessweek.com/talks/risk-management-myths/ Grant Purdy and Roger Estall During long careers we have often been engaged to investigate decisions that have gone spectacularly wrong or resulted in other than the intended outcomes. This has helped us develop an objective appreciation of what ‘good’ decision-making looks like and therefore, what characterizes a ‘good’ decision. This workshop will describe… Continue reading RAW2020: Making decisions unburdened by ‘risk management’ myths

Why risk community rejects science, logic and common sense

First, I wanted to share an extract from the book I am reading at the moment Alchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business, and Life The chapter is called “I Know It Works in Practice, but Does It Work in Theory? On John Harrison, Semmelweis and the Electronic Cigarette”… Continue reading Why risk community rejects science, logic and common sense

3 steps to apply Monte-Carlo simulations to any investment project decision

Risk management 2 shouldn’t be difficult. So I started on a quest to come up with a simple methodology for quantitative risk analysis that will actually improve decision making. This is still work in progress, so any comments and suggestions please send them to me or write below the article. Also don’t forget, RAW2020 is… Continue reading 3 steps to apply Monte-Carlo simulations to any investment project decision

5 reasons why internal auditors need to attend #RAW2020

Risk Management Awareness Week from 12 to 16 October 2020 is a perfect place for internal auditors to learn. Risk Awareness Week RAW2020 brings some of the leading risk management researchers and practitioners to your computer or mobile phone. It is designed to raise awareness about risk management application in planning, forecasting, budgeting, construction, investments… Continue reading 5 reasons why internal auditors need to attend #RAW2020

Share your risk management story and win a free VIP pass to #RAW2020

Share your risk management story in the comments below and get a chance to win a free VIP pass to #RAW2020 (valued at $100): https://2020.riskawarenessweek.com/ RAW2020 is dedicated to sharing and raising awareness. Help new risk managers, share your story. Tell us: how did you get into risk management? what are the 3 things you… Continue reading Share your risk management story and win a free VIP pass to #RAW2020

RAW2020: Impact of Covid-19 pandemic outbreak on Top Risks – Joachim Schulte

https://2020.riskawarenessweek.com/talks/impact-of-covid-19-outbreak-on-top-risks/ This talk shows what has been done to assess the impact of Covid-19 pandemic outbreak on the most important risks of the company (Top Risks). The idea was that risk management should help the company to make difficult decisions during a crisis. The approach is based on quantitative risk management, in particular Monte-Carlo simulation,… Continue reading RAW2020: Impact of Covid-19 pandemic outbreak on Top Risks – Joachim Schulte

Registrations for #RAW2020 are now open

Join the Risk Management Awareness week from 12 to 16 October 2020. Amazing lineup of speakers running online workshops dedicated to integrating risk management into decision making, planning, project management, performance management and core business processes. More than 3500 people from 121 countries participated in 2019 and RAW2020 is going to be even bigger. It… Continue reading Registrations for #RAW2020 are now open

The better alternative to “inherent” and “residual” risk concepts

Few things are certain in life: death, taxes and someone in the risk community asking about inherent and residual risks. In fact the question is so frequent that I even did a short video response: To most organisations inherent vs residual comparison is a way to measure potential risk mitigation effectiveness and the reduction in… Continue reading The better alternative to “inherent” and “residual” risk concepts

5 red flags 🚩when just starting to implement risk management

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