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| Name | Next-Gen Risk Management: The End Of A Profession? |
| Video Uploader | Video From Projecting Success Ltd |
| Upload Date | This Video Uploaded At 06-07-2024 17:13:55 |
| Video Discription | In this transformative webinar, Martin Paver, fresh from the publication of his free e-book on Next Generation Risk Management, shared groundbreaking insights into the future of risk management and the seismic shifts that lie ahead. Event Highlights: Compelling Case for Change: Martin highlighted why traditional risk management methods are rapidly becoming obsolete in today's fast-paced, complex environment. Beyond Gut Feel and Intuition: He discussed the limitations of relying solely on intuition and the crucial importance of leveraging the rich insights gained from projects. Complex Adaptive Systems: Delving into the intricacies of these systems, Martin demonstrated how traditional linear approaches fall short and showcased the potential of advanced analytics and AI in managing risk. Variance Analytics: Learn how capturing a broader range of variables and potential impacts can revolutionize the identification, evaluation, and mitigation of risks. Data Utilization: Martin emphasized the importance of retaining and utilizing project data to enhance decision-making and organizational resilience. Pathway to the Future: He mapped out a strategic pathway to unlock and deliver the future of risk management. Interactive Discussion: Participants had the unique opportunity to challenge Martin’s perspectives, engage in a robust debate, and rethink their current practices. This interactive session aimed to inspire risk managers to upskill and stay ahead in a rapidly evolving profession. Join the Conversation: Don’t miss this chance to be part of a discussion that promises to reshape the risk management profession. Watch the full event to discover how you can adapt and thrive in the face of transformational change. Subscribe for more insightful content and stay updated on the latest in risk management. Contents: 00:00 - 01:00 Introduction: Andy Murray introduces himself and Martin, the author of the book. The speaker also conducts a poll to get a sense of the audience attending the session (The attendees include project professionals, project managers, risk managers, and delivery managers). 01:00 - 3:00 The nature of risk management in a data-driven world: Martin talks about the challenges of following processes versus having a purpose behind the process of mitigating risk. 3:00 - 5:00 The future of risk management: The discussion moves on to how risk management will evolve in the next three years. The audience seems to be unsure whether risk management will change significantly by 2027. 5:00 - 10:00: The conversation starts with a debate on whether risk management will disappear in the future. Andy argues that new technologies like AI will change the way risk management is done. Humans will need to develop new skills to stay relevant in this evolving field. 10:00 - 15:00: They discuss the impact of AI on risk management. Martin acknowledges that AI will play a role, but how big of a role is uncertain. He emphasizes that risk management is about people as much as it is about process. 15:00 - 20:00: The conversation moves on to the skills that will be required of future risk managers. Andy believes that risk managers will need to be strong communicators and storytellers. They will also need to think creatively and solve problems. 20:00 - 25:00: They discuss the importance of collaboration between risk managers and other stakeholders. Risk managers need to be able to work effectively with people from different departments, such as engineering and finance. 25:00 - 30:00: The conversation turns to the role of regulation in risk management. Martin believes that regulation will continue to play an important role, but it will need to evolve to keep pace with the changing risk landscape. 30:00 - 35:00: They discuss the challenges of implementing a data-driven approach to risk management. One challenge is the need for clean and reliable data, and another is the need to develop new metrics for measuring risk. 35:00 - 47:00: The conversation concludes with a discussion of the future of the risk management profession. Andy and Martin both believe that risk management will continue to be an important profession, but it will evolve to meet the challenges of the 21st century. 47:00-58:00 Q&A 58:00-1:00:58 Closing Remarks |
| Category | Education |
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