Risk Assessment and Cognitive vs. Confirmation Bias

April 24, 2018
Norman Marks is a major blogger on risk management topics and he recently wrote a post on the pitfalls of bias when assessing a topic having to do with risk assessment. Here's how the two terms of cognitive and confirmation bias are defined: | A cognitive bias is a mistake in reasoning, ...more

Help Us Stamp Out Ordinal-based Risk Assessment; Join our Global Movement!

July 23, 2017
If you are involved with any risk assessment technique that uses ordinal-based values or associated heat maps, you need to read this! For over 4 years we have been working to educate risk assessment teams on the major need to stamp out ordinal-based risk assessment practices and the related ...more

Risk Management

May 30, 2017
Like governance, and compliance management, we believe that Risk Management is a special form of business intelligence and it's not easy to master. Here's how we define it: | | Enterprise risk management spans a set of structured practice disciplines  that generate shareholder value by ...more
Category: Risk Management

Reading List on Risk Assessment and Risk Management

March 28, 2017
The following extensive reading list has been compiled from several sources such as,, Shared Assessments, Sira and Auditnet: Predictably Irrational, Revised and Expanded Edition: The Hidden Forces That Shape Our Decisions Ariely, Dan Foundations of Risk Analysis: ...more

Risk Assessment Bibliography

March 30, 2016
Doug Hubbard of Hubbard Decision Research recently published a list of interesting sources (on the Society of Information Risk Analyst listserve) that he has used in his work writing on various risk assessment methods and tools. I thought that you might find this list to be of interest. Doug's ...more

The Reengineering of Risk Assessment

March 30, 2016
It's amazing how often we come across companies that are spending millions of dollars having their employees rate risks using ordinal or Likert scales within a commercially purchased tool or in a home-grown spreadsheet or Word document. This needs to stop and it needs to stop fast! Shareholder ...more