What is the minimum amount of knowledge that professionals should have about risk assessment, given the vast size of this field? Risk affects reputations, safety, profitability …
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What everyone should know about risk assessment
How a good model could save your organization
Sometimes it’s one big thing that sinks a company. Gerald Ratner, former chief executive of the British Ratners Group, a leading jewelry company, came close. With one speech, …
Estimating risk: the importance of scenario analysis
Learn the importance of scenario analysis in estimating risk. Discover strategies to improve risk assessment and decision-making with expert insights.
Improving your quantitative data with expert elicitation
Don’t have enough hard data to make a decision? Then have people vote on it. But not just any people – get the experts to vote on the matter and do it in a way that still allows …
Strategic risk management
What lies behind those three words – Strategic Risk Management? It’s a question worth asking because a) SRM is a relatively new field, and b) there is still confusion between …
The basics of risk analysis in the enterprise
Risky business – bad news? Not necessarily. While the word risk has a negative connotation for some, it’s a source of business opportunity for others. Good risk analysis …
The role of sensitivity analysis in energy & environmental modeling
Energy and environmental models are often complex. Sensitivity analysis is a natural choice to improve understanding of such models and to see which input parameters have …
Operational risk scenario analysis & the bullwhip effect
If you’ve ever experienced a small change at the retailing end of a supply chain that provokes massive turbulence upstream, there’s a good chance you’ve suffered the bullwhip …