WA Virtual Workshop: Using risk quantification to inform real-time decisions
Risk management is ultimately about improving the quality of decisions, such as:
- Should this project take place this year or next?
- Do we have enough capital to cover possible losses?
- How to allocate our risk mitigation budget?
In an increasingly uncertain world, shareholders, board members and executives expect risk professionals to provide unique insights into decision making.
This workshop will illustrate how quantifying risks helps decision makers better understand how uncertainty can affect their objectives and assess whether courses of action are worth pursuing given the risks and rewards.
What is in it for you?
The key objectives are to:
- Understand why failing to quantify uncertainty and volatility leads to poor decisions
- Discuss the limitations of popular qualitative risk management methods
- Learn key quantitative concepts to view risks as distributions of possible outcomes, rather than static single-point estimates
- Using case study examples, apply key concepts to quantify risks and appreciate their effects on the likelihood of success
- Understand the limits of risk quantification and ways to get around them
Dr Marcos Tabacow, Risk and Compliance Program Lead, Wyloo
Marcos is a governance, risk and compliance professional with over 15 years’ experience working with more than 70 organisations in diverse sectors across the Americas, Europe, Africa and Australia. In Australia, he held senior roles as Director and Head of Risk, Compliance and Internal Audit in large organisations and currently leads the risk and compliance program at Wyloo.
Marcos is a member of the Governance Institute's Risk and Technology Committee and also serves on the Risk Committee of a large not-for-profit in Western Australia.
He completed his PhD in governance and business ethics and is passionate about translating insights from research into practical advice. Marcos is an avid contributor to the risk profession in his teaching of quantitative and probabilistic risk methods to enhance decision making.
Who should attend?
Essentially all personas and job titles to attend.
- directors (non-executive and executive)
- members of risk and audit committees
- risk managers or managers with risk responsibilities
- managers who report to the board
- and other parties who may be interested or involved in a company, such as company secretaries, legal counsel, analysts, consultants and regulators.