About this Topic
This foundational day exposes the critical divide in risk management approaches and challenges participants to examine their current practices. We begin by deconstructing the fundamental differences between RM1 (risk management for external stakeholders and governance) and RM2 (risk management for decision makers), using real case studies from organizations that have successfully made this transition.
The day explores how cognitive biases systematically undermine traditional risk assessments, presenting research from behavioral economics on why risk matrices and qualitative approaches consistently mislead decision-makers. Participants will examine historical failures where traditional risk management approaches failed to prevent major losses - from the 2008 financial crisis to recent supply chain disruptions.
We'll build a compelling business case for decision-centric risk management, demonstrating through quantitative analysis how organizations waste resources on ritualistic compliance activities while missing opportunities to improve actual decision quality. The day concludes with participants developing personalized transformation roadmaps, identifying specific RM1 activities in their organizations that could be eliminated or transformed into decision-supportive RM2 practices.
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We've gathered some of the top experts in the field to discuss this topic. With years of experience between them, they're well-equipped to offer invaluable insights and perspectives.
