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Tag: simulation

Important innovation in risk management – SIPmath™ 3.0 Standard

Important innovation in risk management – SIPmath™ 3.0 Standard

June 14, 2023June 12, 2023 Posted in Hot, Risk managementLeave a comment

The AC Current Standard and First Industrial Power Plant of Chancification by Sam Savage ProbabilityManagement.org is proud to announce the first general release of the SIPmath 3.0 Standard for storing… Continue reading Important innovation in risk management – SIPmath™ 3.0 Standard

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

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

June 11, 2021February 9, 2023 Posted in Hot, Risk management6 Comments

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

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

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

February 14, 2021July 26, 2022 Posted in RAW, Risk management1 Comment

“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

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Compliance Risk Management – Risk analysis (part 5)

Compliance Risk Management – Risk analysis (part 5)

February 2, 2021July 13, 2021 Posted in Risk managementLeave a comment

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)

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

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

January 20, 2021July 26, 2022 Posted in RAW, Risk managementLeave a comment

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

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

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

November 7, 2020July 26, 2022 Posted in RAW, Risk managementLeave a comment

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

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WATCH REPLAY: Uncertainty based capacity optimization

WATCH REPLAY: Uncertainty based capacity optimization

September 4, 2020July 26, 2022 Posted in RAW, Risk managementLeave a comment

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

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

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

July 31, 2020February 3, 2023 Posted in Hot, Risk management4 Comments

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

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

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

July 24, 2020July 26, 2022 Posted in RAW, Risk managementLeave a comment

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

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

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

July 22, 2020July 26, 2022 Posted in RAW, Risk managementLeave a comment

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

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