What went before ... In the early '00s, the relevance of using risk models was very much disputed. A number of leading companies in the risk management field did not see the reason to use models, as they felt that practice impeded organizations from assessing the entirety of their risks. In the late '90's of … Continue reading Practical steps to wider adoption of risk management: simplifying risk models for more frequent use
This is a rewrite of an article I wrote in 2010. I'm revisiting some of my earlier writings to update them to my current ideas. Top five versus first five issues Ask people for their top five issues in any area of concern other than an area they are personally and closely involved with, and … Continue reading Better risk based situational awareness using risk models
This post is a repost of a short article I wrote in 2009, on my then riskguy blog. I've rewritten it to more appropriately reflect my ideas on this, as of course over the past years this has evolved. I've revisited this article because it has become actual again in the ongoing discussion on whether … Continue reading What defines a risk model?
A brief historyThe relevance of using risk models as the basis for risk management was disputed in the beginning of this century. It actually remains disputed as an approach by a number of authors. In the early ‘00’s, leading risk management advisory companies did not see the reason to use models. They felt it impeded … Continue reading Simplifying risk models