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Risk charting and bubble charts

Perhaps ten years ago, reporting risk profiles or organisational threats was a challenging thing to do for many risk analysts on the job and while the majority of risk reports were fundamentally ordinary, it became apparent quite quickly that a simple list of hazards was never going to cut it.

In this blog we look at an emerging era of risk reporting.

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Using the ROC method to optimize controls

In the world of risk, analysts and managers alike try to reduce the likelihood of an event occurring by inserting controls between the event's driving factors and its outcome.

While the logic around this is sound, not all controls are equal and more often than not, some key risk indicators emit erroneous measures which mislead entire risk teams.
 
In this short post, we look at a method for weeding out erroneous control signals.
 
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