• Perspectives and tools
• 37 min
  1. Strategic risk management: an overview

  • Prof. Torben J. Andersen
• 65 min
  2. An introduction to risk management

  • Dr. Gregory Shaw
• 54 min
  3. Research on enterprise risk management and chief risk officers

  • Prof. Donald Pagach
• 33 min
  4. Strategic risk management: how can executives and the board effectively manage major risks?

  • Prof. Philip Bromiley
• 43 min
  5. Cognitive limitations and biases in risk decisions

  • Dr. Laurel C. Austin
• 30 min
  6. Managing high reliability organizations (HROs): insights from HRO operations

  • Prof. Paul Schulman
• 62 min
  7. Public risk management: managing risk in public institutions

  • Prof. Peter C. Young
• Praxis and experiences
• 15 min
  8. Risk management: approach and methodology in Carlsberg

  • Ms. Vibeke P. Aggerholm
• 32 min
  9. LEGO Group enterprise risk management

  • Mr. Hans Læssøe
• 34 min
  10. Challenges and pitfalls in risk management - an executive's perspective

  • Mr. Peter Winther Schrøder
• 38 min
  11. Risk management: enabler for better decision making

  • Ms. Annette Schütt Fiig

Printable Handouts

PDF

Navigable Slide Index

1. Introduction
2. Agenda
3. Risk - examples
4. The risk and reward pyramid
5. Current risk management practice
6. Integrated risk management process
7. The risk management challenge
8. Operational risk (1)
9. Operational risk (2)
10. Operational risk (3)
11. Operational risk methodology - micro level (1)
12. Operational risk methodology - micro level (2)
13. Operational risk methodology - macro level
14. Awareness
15. Training
16. Prerequisite for success
17. Quantification
18. Business risk
19. Strategy: risk in the strategy process
20. Sensitivity and scenario analyses
21. Cognitive biases on the human mind
22. Eliminate biases
23. Black swan
24. The black swan loop
25. Summary
26. References

Topics Covered

• Examples of risk management malpractice
• What is the aim of managing the various types of risk
• Flaws in current risk management practice
• Integration of the risk management and strategic planning process
• Broaden risk management to a wider part of the organization
• Coping with intangible, complex and difficult to manage risk
• Various aspects of operational risk
• How to achieve a better understanding of the operational risk landscape
• Loss register
• Root cause analysis
• Risk control self-assessment
• Categorizing operational risk
• Scenario analysis
• Blind spots
• Prerequisite for successful identification and mitigation of operational risk
• How to manage business risk
• How to engage various stakeholders in discussions related to more traditional and foreseeable business risk
• Dealing with black swans
• Eliminate biases
• Integrate black swans into the strategic planning process

Links

Series:

• Risk Management for Corporate Leaders

Categories:

• Management, Leadership & Organisation

Talk Citation

Publication History

• Published on October 31, 2012