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Introduction to using QRA for nefarious decision making.

A workshop by Benoit Ladouceur
Specialist Director, Enterprise Risk, VIA Rail Canada

13 October 2020, 08:00 AM

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About this workshop

Matrix style risk analysis are sure to fail you when it really matters, such as when you plan a daring criminal venture. This quantitative risk assessment workshop is an introduction for people who are not risk analysts or for qualitative risk managers that are willing to dive in. We will tackle how we could break down our “business problem” in a model, leverage 5 simple distributions to add uncertainty to the model when you don’t have all the data you wish for and finally confirm which strategy we should pursue to achieve the objectives of our team of crooks. You may even use this type of thinking to non-criminal business problems!

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Benoit Ladouceur

It’s simple, in matters of risk management we need to go above what most consultants and organisations are proposing. Be it for financial performance, Health and Safety or project portfolio management, the future of risk management does not lie within heat maps and shady formulas, but rather in sound methods. Through Monte Carlo simulations or decision trees, Machine Learning or statistics, we need to make sure that risk management is integrated in the DNA and the process of an organization. It’s also a team sport. What engages me is to leverage technology in order to better risk management as well as contributing to the increased maturity of an organization. Interests : Risk management, Data Science, public safety, result driven management, project management, quantitative analysis and strategic planning.

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