Absolute triumph for the quantitative risk analysis – part 3/3

Read this till the end. This is one of the best stories of risk management application in real life by some of the best risk managers I have ever met.  I started writing yet another article trying to convince risk managers to grow their quant competencies, to integrate risk analysis into decision-making processes and to… Continue reading Absolute triumph for the quantitative risk analysis – part 3/3

Skin in the game: can risk managers use their witchcraft to make money – part 2/3

I started writing yet another article trying to convince risk managers to grow their quant competencies, to integrate risk analysis into decision-making processes and to use ranges instead of single point planning… but then I thought… why bother… why not show how risk analysis helps make better risk based decisions instead? After all, this is… Continue reading Skin in the game: can risk managers use their witchcraft to make money – part 2/3

Skin in the game: if risk managers are so smart why are they not millionaires?

I started writing yet another article trying to convince risk managers to grow their quant competencies, to integrate risk analysis into decision-making processes and to use ranges instead of single point planning… but then I thought… why bother… why not show how risk analysis helps make better risk based decisions instead? After all, this is… Continue reading Skin in the game: if risk managers are so smart why are they not millionaires?

Guest blog – Werner Gleissner – Risk management basics

The article clarifies the most essential methods for risk management. This includes especially the methods for identification, quantification and simulation based risk aggregation (e.g. monte carlo simulation). It is pointed up that an appropriate quantification of all relevant risks and a risk aggregation by the monte carlo simulation are both crucial for an efficient risk… Continue reading Guest blog – Werner Gleissner – Risk management basics

89. How can risk management improve performance? – Alex Sidorenko

Alex Sidorenko from RISK-ACADEMY talks about 3 ways how risk management can improve organizational performance. What are your thoughts? – – – – – – – – – – – – – – – – At RISK-ACADEMY we have compiled free videos of lectures, seminars and interviews with Russian risk managers, as well as free… Continue reading 89. How can risk management improve performance? – Alex Sidorenko

#ChangingRisk – Gerenciamento de risco costumava ser uma ciência, depois virou uma arte e agora?

Últimas visões de Alex Sidorenko sobre como a “inovação”, falta de competências e os consultores estão matando o gerenciamento de riscos em organizações não-financeiras e o que vem por aí atualizado em 2019 especificamente para Strategicrisk https://www.strategic-risk-europe.com/risk-management-used-to-be-a-science-then-it-became-an-art-whats-next/1429754.article. Primeiro havia ciência… Algumas fontes sugerem que a teoria da probabilidade surgiu nas apostas e nos seguros marítimos. Em ambos… Continue reading #ChangingRisk – Gerenciamento de risco costumava ser uma ciência, depois virou uma arte e agora?

Forget about risk management. Measure the likelihood of success instead. #ChangingRisk

My friend, Norman Marks, has been talking about rebranding risk management for years. Norman calls for risk professionals to focus on enabling success rather than avoiding failure. I think this is brillian advice. A way to communicate risk management insights to executives and the Board is to talk about the likelihood of success.  Well, the… Continue reading Forget about risk management. Measure the likelihood of success instead. #ChangingRisk

82. Each company needs 2 risk managements – Alex Sidorenko

Alex Sidorenko from RISK-ACADEMY talks about the need for companies to have 2 risk management approaches, one for regulators, one for themselves. What do you think? 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… Continue reading 82. Each company needs 2 risk managements – Alex Sidorenko

81. We can solve all risk management problems with a simple name change – Alex Sidorenko

Alex Sidorenko from RISK-ACADEMY talks about how changing the name for risk management may actually solve a lot of problems. 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 management… Continue reading 81. We can solve all risk management problems with a simple name change – Alex Sidorenko