What is a risk? It’s not what you think it is

If there is one thing I learned as a CRO, it is crucial to understand the nature of each and every risk we have to work with. I will no… Continue reading What is a risk? It’s not what you think it is

WATCH REPLAY: Benoit Ladouceur – Five distributions that will immediately improve your risk analysis

“It may sound like modelling is a nearly mythical experience where you need to have a firm grasp of arcane mathematics and hermetic financial models to do simulations, but that’s… Continue reading WATCH REPLAY: Benoit Ladouceur – Five distributions that will immediately improve your risk analysis

ISO and COSO haven’t got a clue. You can and should quantify compliance risks

Every organisation is required to comply with laws within the countries it operates in, the legal and regulatory requirements vary between different regions adding to the need to have understanding… Continue reading ISO and COSO haven’t got a clue. You can and should quantify compliance risks

Compliance Risk Management – Risk analysis (part 5)

Step 5. Measure the effect of risks on decisions In order to account for the uncertainty both in the consequences of each scenario and its weight, consequence distributions are multiplied… Continue reading Compliance Risk Management – Risk analysis (part 5)

WATCH REPLAY: Torsten Röhner – Why probability is critical for meaningful financial modelling

Torsten Röhner, founder and managing director of Syconomic, demonstrates why financial models that do not account for probability are virtually meaningless. “Most innovations in financial modelling solve the wrong problem…… Continue reading WATCH REPLAY: Torsten Röhner – Why probability is critical for meaningful financial modelling

WATCH REPLAY: Duncan Harwood – Why every risk manager must be using Monte Carlo modelling to evaluate effect of risks

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… Continue reading WATCH REPLAY: Duncan Harwood – Why every risk manager must be using Monte Carlo modelling to evaluate effect of risks

WATCH REPLAY: Uncertainty based capacity optimization

https://2020.riskawarenessweek.com/talks/uncertainty-based-capacity-optimization/ Most companies apply capacity planning to define when to invest in what equipment in order to be able to meet demand. For most companies, this is done using a… Continue reading WATCH REPLAY: Uncertainty based capacity optimization

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

WATCH REPLAY: 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… Continue reading WATCH REPLAY: Impact of Covid-19 pandemic outbreak on Top Risks – Joachim Schulte

WATCH REPLAY: Successful use of risk modelling and simulations in public private partnerships – Yehuda Sapir

https://2020.riskawarenessweek.com/talks/successful-use-of-risk-modelling-and-simulations-in-public-private-partnerships/ Civil engineering mega projects hardly exercises efficient and effective risk management in general, and lacks utilizing advanced simulations such as Monte Carlo, to support decision making. The webinar will… Continue reading WATCH REPLAY: Successful use of risk modelling and simulations in public private partnerships – Yehuda Sapir