Join Alex Sidorenko from RISK-ACADEMY to talk about pros and cons of COSO ERM 2017 and the upcoming ISO31000:2018. Find out why both standard and framework miss a huge opportunity to better integrate into decision making and move away from flawed qualitative tools and what should you do to help your decision makers take informed… Continue reading COSO ERM:2017 vs ISO31000:2018?
Tag: risk
Interview with Hans Læssøe, ex CRO of LEGO
There are not that many corporate risk managers out there, who I really enjoy listeting to, reading them and learning from. People, like Alex Dali, MBA, ARM (we spent countless hours working on an amazing risk maturity model and I learned a great deal), Norman Marks (we spent hours walking around freezing Moscow talking risk… Continue reading Interview with Hans Læssøe, ex CRO of LEGO
Meet the people behind the risk management revolution in Russia and CIS
Integrating risk management into decision making and culture in everything we do: national and international certifications corporate training for some of the largest non-fs corporations MBA and post grad programs with biggest universities risk management textbooks, guidelines, articles, videos risk management maturity assessments with Deloitte risk management business games with Palisade largest non-fs risk management… Continue reading Meet the people behind the risk management revolution in Russia and CIS
Download free book!
Risk management is ultimately about creating a culture that would facilitate risk discussion when performing business activities or making any strategic, investment or project decision. In this free book, Alex Sidorenko and Elena Demidenko talk about practical steps risk managers can take to integrate risk management into decision making and core business processes. Based on our research and the… Continue reading Download free book!
3 fatal mistakes corporate risk managers make (part 2)
A while back I wrote an article about 3 fatal mistakes risk consultants make https://riskacademy.blog/2017/01/14/3-fatal-mistakes-most-risk-consultants-make. It made quite an impact and was republished in Australia, Canada, Singapore and Europe with dozens of thousands of views. I feel it’s only fair to write a follow up article about the 3 more mistakes that risk managers themselves… Continue reading 3 fatal mistakes corporate risk managers make (part 2)
3 fatal mistakes corporate risk managers still make (part 1)
A while back I wrote an article about 3 fatal mistakes risk consultants make https://riskacademy.blog/2017/01/14/3-fatal-mistakes-most-risk-consultants-make. It made quite an impact and was republished in Australia, Canada, Singapore and Europe with dozens of thousands of views. I feel it’s only fair to write a follow up article about the 3 more mistakes that risk managers themselves make.… Continue reading 3 fatal mistakes corporate risk managers still make (part 1)
allthingsrisk ep. 53: Alex Sidorenko – Making Great Decisions “With Risks in Mind”
When Ben Cattaneo started the All Things Risk podcast, he very deliberately stayed away from discussing the risk management profession (which is also my day-to-day profession). This is because he wanted the show to make risk and uncertainty concepts available to everyone. He didn’t want to make a podcast by risk professionals, for risk professionals.… Continue reading allthingsrisk ep. 53: Alex Sidorenko – Making Great Decisions “With Risks in Mind”
Why do accountants and other professionals need better risk management competencies?
My original article posted at http://theaccountant.org.mt/why-do-accountants-and-other-professionals-need-better-risk-management-competencies Risk management competencies can significantly improve decision making in any profession. The bad news is that these competencies do not come to us naturally. They have to be developed. Even if you do not operate in a high risk, uncertain environment one should consider the extensive research, into what is… Continue reading Why do accountants and other professionals need better risk management competencies?
Cognitive biases every risk manager must know (part 3)
Overconfidence bias The overconfidence effect is a well-established bias in which a person’s subjective confidence in his or her judgments is reliably greater than the objective accuracy of those judgments, especially when confidence is relatively high. Throughout the research literature, overconfidence has been defined in three distinct ways: (1) overestimation of one’s actual performance; (2) […]
Cognitive biases every risk manager must know (part 2)
Overconfidence bias The overconfidence effect is a well-established bias in which a person’s subjective confidence in his or her judgments is reliably greater than the objective accuracy of those judgments, especially when confidence is relatively high. Throughout the research literature, overconfidence has been defined in three distinct ways: (1) overestimation of one’s actual performance; (2) […]
