Join J.D. Solomon and Alex Sidorenko on 3 May 2018 to debate whether risk matrices/heat maps have a place in risk management or should they be avoided like plague. For anyone following my blog for a while, you know how much I dislike qualitative risk analysis techniques in general and heat maps in particular. I…… Continue reading THE RISK DEBATE CONTINUES: Why risk matrices are immoral… or are they?
Must read for all risk managers. You may ignore the findings, but a must read nevertheless: The risk matrix (RM) is a widely espoused approach to assess and analyze risks. RMs have been implemented throughout that industry and are extensively used in risk-management contexts. This is evidenced by numerous SPE papers documenting RMs as the…… Continue reading The Risk of Using Risk Matrices
Alex Sidorenko from RISK-ACADEMY talks about risk heat maps and why they are a complete waste of time. There are at least 3 better ways to present risk management information. https://www.youtube.com/watch?v=XFwWLgKUJNQ Watch more free risk management videos on http://www.risk-academy.ru/en/risk-management-video/ or subscrive to RISK-ACADEMY youtube channel https://www.youtube.com/user/alexausrisk