Sam Savage at #RAW2022 – Chancification: Practical guide to measuring probability of achieving objectives

Just as electrification replaces technologies that use fossil fuels with those that use electricity, Chancification replaces computations based on deterministic numbers with those based on probability distributions.

Just as non-experts can illuminate light bulbs with electricity generated by power engineers, Chancification will allow everyday managers (even those suffering from Post-Traumatic Statistics Disorder, or PTSD) to illuminate uncertainty and fix the Flaw of Averages with stochastic libraries created by statisticians and data scientists.

I will demonstrate free tools that will help you jump start this process within your own organization.

https://2022.riskawarenessweek.com/talks/chance-informed-healthcare-resource-management-in-the-face-of-pandemic-uncertainty/

Dr. Sam L. Savage is the author of The Flaw of Averages and Executive Director of ProbabilityManagement.org, a 501(c)(3) nonprofit devoted to making uncertainty actionable. The organization has received funding from Chevron, Lockheed Martin, General Electric, PG&E, Wells Fargo, Kaiser Permanente and others.

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Alex Sidorenko is an expert with over 15 years of private equity, sovereign wealth fund risk management experience across Australia, Russia, Poland and Kazakhstan. In 2014 Alex was named the Risk Manager of the Year by the Russian Risk Management Association.

YOUTUBE: <a href="https://www.youtube.com/channel/UCog9jkDZdiRps2w27MZ5Azg">https://www.youtube.com/channel/UCog9jkDZdiRps2w27MZ5Azg</a>
BLOG: <a href="https://riskacademy.wordpress.com">https://riskacademy.wordpress.com</a>

Alex specializes on integrating risk management into strategic and investment planning and decision making at venture capital, private equity, investment authorities and sovereign funds across the world. Alex worked as a Head of Risk Management at RUSNANO, one of the largest private equity funds in Russia, specializing in technology investment. Alex won an award for best ERM implementation at RUSNANO in 2014.

As a VP at Institute for strategic risk analysis in decision making, Alex is responsible for risk management consulting, training and certification across Russia and CIS. Alex is the co-author of the global PwC risk management methodology, the author of the risk management guidelines for SME (Russian standardization organization), risk management textbook (Russian Ministry of Finance), risk management guide (Australian Stock Exchange) and the award-winning training course on risk management (best risk education program 2013, 2014 and 2015).

In 2012 Alex created RISK-ACADEMY <a href="http://www.risk-academy.ru">www.risk-academy.ru</a> a web portal dedicated to risk management training across Russia and CIS. Since then RISK-ACADEMY became a global brand providing risk management services to some of the largest organizations in the world.

Alex recently published his second risk management book called “Effective Risk Management 2.0”. Alex also regularly presents at risk management conferences in the Middle East, Russia and Europe. In November 2012 Alex short a TV series dedicated to risk management in start-ups. Alex teaches risk management at major Russian business schools as well as corporate universities.

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