Risk models are essential tools that enable organizations to manage risk effectively by quickly identifying, assessing, and prioritizing potential threats. Through these models, organizations aim to gain a deeper understanding of their risk exposure, allowing them to make quicker and more informed decisions on resource allocation for risk management or acceptance. Recently, artificial intelligence has […]
What are the biggest mistakes made in risk management? I have seen and experienced a lot in risk management in the last few years and have written extensively about it. That’s why I was wondering what artificial intelligence (AI) thinks about this topic, so I asked ChatGPT about the biggest problems people make in risk […]
Risk checklists are much used tools in risk management. They can be a good tool in certain situations. However, it is important to understand the limitations of risk checklists. In this article, you will learn what the advantages and disadvantages of risk checklists are and why I recommend this tool only to a limited extent. […]
In risk identification and evaluation, often not much time and effort is spent and one quickly relies on existing checklists that make one’s work easy. Other methods, such as brainstorming, are unfortunately rarely used. With Artificial Intelligence (AI) tools, which have been the talk of the town for the last few months, you can increase […]