Anyone working in risk management and insurance absolutely must watch these 2 workshops if they want to start making the transition from risk management 1 (corporate governance) to risk management 2 (decision making tool).
1. Accounting for Uncertainty in Business Decisions
Risk is often defined as a measure of future uncertainties in achieving program performance goals and objectives within defined cost, schedule and performance constraints. As a business leader, how do you minimize the amount of cost, schedule, or performance surprises in order to achieve targets and goals? While it’s impossible to anticipate all of the pitfalls and risks associated with project and program management, there are proven tools and techniques that can help you predict and minimize uncertainties as you move through complex efforts. In this presentation, we’ll discuss principles and methods for communicating, aggregating, and visualizing uncertainties through interactive risk dashboards.
2. Value of information when making risk-based decisions
Robert will present a short tutorial starting with a decision tree based on the Free Mark Abbey example and then a more advanced example using Monte Carlo simulation in Analytica using the author’s own algorithm.
Check out other risk management books
Enjoy and please share with your risk and insurance friends! It could change their whole career for the better.