Quantifying risk and input into decision making

The purpose of risk analysis is to provide guidance on what decisions to take in the face of uncertainty and risk. The decisions might be about how to control individual risks, improve the chance of success of the corporate strategy, bring a project in on time and budget, or chose the right investment. In all these areas, quantitative risk analysis provides far greater clarity than other, more qualitative methods, but many risk managers advise that it is too difficult to use or can only be applied to financial exposures.
They are mistaken. My talk explains the basic techniques involved in quantitative risk analysis used in business, all of which are within reach of anyone with high school mathematics, and I demonstrate how the much richer information provided by quantitative risk analysis leads to better decision-making.

Видео Quantifying risk and input into decision making канала Vose Software