RISK AWARENESS WEEK 2019 So many amazing workshops, consider upgrading for a full access pass
With most standards and “best practices” focused on the process, are we only doing risk management for compliance’s sake? Making risk management more relevant requires some thoughts and efforts but is entirely feasible and has been so for years. The webinar will illustrate this by showing how tailoring the methodology for a specific problem is generally more useful than trying to apply a generic process. The example concerns VIA Rail, a Canadian Crown Corporation headquartered in Montreal, Canada. The case study is about how a simple Monte Carlo simulation was applied to a Human Resource attrition risk caused by a project impacting employee commute time. This was done to support decision making about mitigation measures in a better way than falling back on risk matrices.