Archer got together with Alex Sidorenko, FERMA Risk Manager of the Year 2021, RIMS International Honoree 2021, to create this practical bootcamp designed to help companies implement quantitative risk management that pays for itself.
Imagine saving the company so much money that investing in risk management competencies and resources becomes a no brainer for the executives. Well, that’s exactly what Alex did at a global $10B chemical company and he has been kind enough to share his top tips and lessons learned with you each week.
Sign up to see if this is the direction you want to take risk management within your organization and save some money along the way. No obligations, you can unsubscribe at any stage.
We promise this will be practical, simple, step by step and a maybe even a little provocative. The bootcamp runs 5 weeks, each week you will receive a new idea, tutorial, checklist or template and a big energy boost to try this at your organization.
I wanted to start this journey with one important take away from my career in risk management – despite the long-term focus on ERM, I found the greatest value and savings usually come from dealing with a single risk or decision really well. Dealing with one risk or decision at the time have the biggest ROI in my experience.
We call it “to think big, first execute small”.
It doesn’t mean you don’t have to move towards ERM, just means that while you do, you can save your company a lot of money and significantly improve quality of decision making and the risk team reputation along the way.
I have identified a number of areas where risk management integration into decision making can deliver immediate and very tangible savings for the company.
Let’s start with the biggest money maker – insurance. Next week: quantifying environmental risks to optimize controls budget and reduce risk exposure.