Recorded lecture
David Vose
![David Vose]()
David Vose
Director of Vose Software. Risk Consultant. Advisor on quantitative IRM deployment.
As promised, I provide links to the material I presented on 2 Jan 2020 explaining how to move from a risk heat map to something more quantitative and valuable for decision-making.
- A recording of the 1-hour lecture can be watched from here.
- The example models can be downloaded here and here.
- A copy of the PowerPoint presentation can be downloaded here.
If you like it, please SHARE.
Thanks to all who attended and for their questions (not recorded).
Take chances - intelligently
5 年I see your point - I still passionately dislike heat-maps. In my biased (I am human) view: - You are focusing on (individual) risks - not of performance - You make the grave error of making "single point estimates" of each risk (which may have a range of outcomes). - You cannot say anything about the likelihood of success - You cannot see what affect a real life scenario where a number of risks materializes within the period you are addressing So calculate to the Moon and back, I still really, really don't like it.
Program Integrator
5 年As mentioned in the presentation, governments have placed a value on human life for some time now. For example the US department of transportation has a "Value of Statistical Life" VSL of about $9.6 million or so. Slightly above 10 when adjusted for inflation. Food for thought.
GRC | ESG | Org. Resilience | Quantitative Analysis | Enterprise Architecture | Internal Control | Due Diligence | Data Mgmt.| IPO & Trading Governance
5 年This’s called Risk analysis, great work David,,, ?? off
Director of Vose Software. Risk Consultant. Advisor on quantitative IRM deployment.
5 年I'll take a look, thanks
Technical Account Manager at Qualys
5 年video can't be played..