simplifying risk management
Banking problems in Silicon Valley spread across the globe but what’s next is unclear. (And no, crypto is not the answer.) Plus Kallas wins in Estonia. The Daily SITREP for Friday, March 10, 2023 is out. Five minutes, no noise, just what you need to know as a decision-maker.
A small data approach will speed up and simplify the risk analysis process, free up resources, and avoid creating the impression of greater understanding than there actually is. This paper explains how such a system could work. (An update on the risk metrics project.)
An update on the risk metrics project: 20 metrics that are worth tracking for your threat and risk assessments
Establishing a set of metrics we can use for risk management and decision-making is a big topic I've been working on for a long time - over 20 years at this point. It's a challenging problem and one that has seen off better people than me but I think that a simple model will help speed up, simplify and remove the subjectivity from risk assessments. In turn, that will help improve the speed and quality of our decision-making. Here's an outline of the project
How do you conduct a quantitative risk assessment when you don't have metrics? Easy. (Spolier, you have a lot more data than you think you do.)
When we are conducting a risk assessment, we need a way to assess, grade and order risks to allow us to use this information for decision-making and to prioritize our actions. This article outlines some basic techniques that can be used for risk assessment grading and matrics. These basic examples lay the foundation for more complex sets of metrics … Continue reading Risk Assessments Grading and Metrics