Early indications are …

Where should your lead indicators (KRIs or Key Risk Indicators in the field of risk) come from? A few years ago my colleague Andrew Prately and I toured the country to speak at Chartered Accountants Business Forums. We spoke on KPIs – Key Performance Indicators. We talked about lead and lag indicators and we talked…
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Escaping the Matrix!

A key takeaway for attendees at the free interactive webinars I am running with my colleague Dr Andrew Pratley on quantifornication was that when it comes to the field of risk assessment, scrapping the risk matrix is not the first step you should take. There are many, many risk practitioners who are calling for the scrapping of the risk…
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Data problems are not the real problem

My colleague Dr Andrew Pratley and I are on a mission to defeat quantifornication. Last week we ran the first of two free interactive webinars we are running to explore the topic. We had attendees from a range of industries including banking, emergency services, energy, insurance, health, policy agencies and regulators from federal and state governments, local government,…
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Finding directionality

My stats guru colleague Dr Andrew Pratley and I are on the move to tackle Quantifornication, the plucking of numbers out of thin air. Last week was supposed to be our final blog we are co-writing but we couldn’t resist sneaking in another one after the great response from our last one. Last week we wrote about the…
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When uncertain, seek directionality

My stats guru colleague Dr Andrew Pratley and I are on the move to tackle Quantifornication, the plucking of numbers out of thin air. Here is the seventh in a series we are co-writing. Nothing is certain. Not even death and taxes. Because the only certainty is uncertainty, there’s no foolproof way to make the right decision.…
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