Yes, we say "something" is at RISK. And that something is OBJECTIVE !! And RISK is effect of uncertainty on objectives that matter.

As per ISO 31010 - RISK is EFFECT of UNCERTAINTY on OBJECTIVES !! 🔥Waah, great !!

I'm here bcus my college is forcing me to write about this video 😢😢

Thanks for sharing such valuable information! I need some advice: I have a SafePal wallet with USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). How should I go about transferring them to Binance?

thank you so much sir....

Thank you for both the books.. Now I am able to differentiate risk attitude and risk culture

My Risk Guru

I bought the book. It is excellent!!!

Can we take problem as threat?

You have always been my Risk Guru.. I learned how to look at risk on a practical way from you.

DISCOUNT EXTENDED TO END 2024 In this video David provides a discount code that expired on 31 July 2024. Good news!! There's a new discount code which runs to 31 December 2024, offering 20% off the listed price - just quote MRP20 on checkout. Hope this helps!!

so welll-explained, thanks!

Thanks. How do I get a copy in Uganda?

Hello David. Where could I find a Paperback in the KSA?

🌱🌾🌻🌿🫒🍇🍒🍋 Bonjour a tous, Merci encore Mr. Dr. David Hillson, Les amis sont les bienvenus ABC of Risk Culture, Prof. Malcolm Anderson , Risk in Developing Countries the cost of governments of a significant disaster which necessitates, the world bank group in term of policy, Thank you Dr. David Hillson , great teaching, a beautiful video , enjoy in good health, l feel great, Let´s carry on, Have a nice day everyone

Just bought it!

When will the book be available in the UK?

Thank you for the new edition. Your videos on risk management has helped me a lot . My sincere gratitude!! Since this year I have decided to focus on learning about risk management, I will buy this book . Would appreciate suggestions on your other resources as well to enhance understanding of this vital subject.

You are a real Risk Doctor and I learnt alot about Risk Management fron your last vudeos on youtube, following you for many years

Congratulations Dr. I wish you all success for this second edition.

It's a great pleasure to listen to your podcast because of its clarity and easy comprehension.

Hi, my name is Cahyo from Jogjakarta, Indonesia! According to ISO 31000, risk is defined as the "effect of uncertainty on objectives." When I create an "ACTIVITY," that activity has an objective. I need to identify risks that affect the objective of that activity. How can I differentiate between risks that affect the "objective of the activity" and risks that affect the activity itself? Sometimes, we fear potential problems that might arise in the future regarding the activity, but not the objective. How can I differentiate between these two types of risks?

RISK is "uncertainty" that matters and affects your "objectives" !! 🤓

2024 , SOMMER SEM assignment video

I am doing IRM level 2 ERM. Nice to meet you

THIS WAS SO HELPFUL. BEEN HAVING WRITERS' BLOCK ALL DAY, THANKS!

I like to remind people that the purpose of the company includes maximising the risk adjusted return to shareholders (just see the Sharpe ratio). therefore it is all about risk efficiency. And Unless we measure risk we cannot calculate the performance, which is return divided by risk. I think the efficient frontier illustration would have been helpful in this video. This concept is arguably the most important part of risk management in my opinion, as management should be optimising for the highest risk/return, within the companies risk appetite. In the absence of managements inherent agency risk(that they want to save their jobs), the only reason I can imagine for risk appetite to be other than the optimal risk/return frontier, would be perhaps bankruptcy risk (cost of breaking down/setting up companies). Or perhaps risk appetite of non shareholder stakeholders such as environment/community . thoughts?

It can be very fatal! Sometimes its best to admit failure, before people get hurt.

Thanks alot

Failure is a symptom of incompetence. Our job histories & performance histories follow us everywhere, and repeated failures cannnot be escaprd or overcome. Repeated failures mean lost opportunities; failure is the *worst* way to learn.

00:45 You only make decisions where something is uncertain. 01:35 We only need to make decisions where there is 1) uncertainty 2)the outcome matters. 3)Risk is Uncertainty is matters. 2:00 the only decisions we make in a business are decisions that matter. We should have decision making that is Informed by risk information. We understand the uncertainties and why they matter so within that context we can make a good decision 2:40 Risk based decision making is making decisions that we need to make (at all levels) where there is uncertainty where it matters and aware of risk that impact that decision. 3:00 we need to understand how risks impact the decisions we will make + 3:15 communication to decision makers so they have access of that information when they make the decisions. Risk professionals need to be able to therefore speak to decision makers at all levels 3:36 CEO needs risk advisor to speak to them to advise on the uncertainties that matter to the decision. 3:55 examples of PMO/HR 4:25 Summary - Decisions are only about uncertain things that matter, they are ALWAYS about Risk

Hi David. Thank you for your video. This is really helpful. I have a question: Where do we categorise the risks that arises from managing our employees? Will it be under the management heading? Thank you.

Very good.

high velocity is often associated with taking risks. governing bodies must be assured that theiur directives have been followed

Objective: have a high-quality (Audio, Visual ) video. Having an unqualified media team. Risk: losing Audio! Happened: twice!

Thanks really

I am happy to declare that Dr. David is my role model in risk management. I do try as much as possible to adopt the way you explain the risk management concepts. I hope after several years of my active engagegement in risk management practices, my expertise will increase as much as possible.

Very briliant indeed. Dr. Hillson's expertise in risk management is beyond expectations. He explains the concepts in a very soft language, and briefly, but very easy to grasp them.

dear risk doctor, is your vision changed?

what a simpliest way to summaries it all, love love this content

Currently deciding my topic for my Thesis paper. Your channel has greatly influenced me and there is a high chance that I may do my reseach on Risk Management for my Masters degree

Thank you very informative.

David is Risk Guru who explains in a simple language. All the best . You are helping us to understand Risk Framework in more matured way.

Vry. Inspiring nd outstanding Lecture on Risk Management.

Very interesting

Thank you so much

thanks David for explanation about importance of risk management even for SME

learned a lot from your presentation, thanks very much