Hubbard Research

LEARN HOW YOUR RISK MANAGEMENT SYSTEM MAY BE BROKEN – AND HOW TO FIX IT

The biggest risk to an organization is a failed risk management system. Based on the upcoming 2nd edition of Doug Hubbard’s book The Failure of Risk Management, this 90-minute webinar will cover how risk management is failing today, including taking a look at the critical – and dangerous – flaws of existing methods and how they expose organizations to even greater risk. Participants will also learn what they can do to improve their risk management systems by using proven, quantitative methods to reduce uncertainty and make better decisions. The webinar will explain:

• Critical problems with the most popular risk assessment methods
• Simple spreadsheet-based quantitative methods that can immediately improve your process
• How proper statistical analysis can be done even when data seems scarce
• A quick overview of more advance methods that the participants can aspire to

The goal is that each participant will be informed about the dangerous state of risk management today and can view their organization’s own risk management strategies with a critical eye toward fixing flaws and getting better results.

the book

the failure of risk management: why it’s broken and how to fix it 

The Failure of Risk Management takes a close look at misused analysis methods and shows how some of the most popular “risk management” methods are no better than astrology! Doug Hubbard uses examples from the 2008 credit crisis, natural disasters, outsourcing to China, engineering disasters, and more, to reveal critical flaws in risk management methods.

Hubbard’s book also tells how all of these problems can be fixed using combinations of scientifically proven and frequently used Applied Information Economics methods. These methods have been used to create solutions in many different areas of business and life from nuclear power, exploratory oil, and other areas of business and government. Finally, Hubbard explains how new forms of collaboration across all industries and government can improve risk management in every field.