Control Assurance

Determine resilience based on fact, not opinion

Applying science to assessing control effectiveness

This course is for risk professionals who are tired of standing by as control effectiveness ratings are plucked out of thin air.

What you will learn

  1. Understand how to deepen risk expertise through the use of applied statistics.
  2. Develop critical thinking and problem-solving skills through the use of statistical hypotheses.
  3. How to demonstrate time/cost savings to instantly improve your level of influence.

Risk practitioners are often unwilling bystanders to the phenomenon I call “quantifornication”. The plucking of likelihood, consequence and control effectiveness out of thin air. For decades we have witnessed first-hand how serious decisions about controls are too often made on gut feel rather than science.

Dr Andrew Pratley of the University of Sydney Business School knows differently. He knows how to improve estimates to improve decision making in everyday business “using your data, not big data”.

I have teamed up with Andrew and with a unique blend of Andrew’s statistical skills and me as a translator for the risk profession, we are aiming to defeat quantifornication. Together we will impart to you how to assess control effectiveness more accurately using the iQ3 framework. A framework that applies the three critical questions answered by statistics to the field of risk:

  • Questions of Probability – e.g. what is the likelihood of a control working?
  • Questions of Differences – e.g. how do the effectiveness of these controls compare?
  • Questions of Relationships – e.g. what is the relationship between this control and its reliability?

In this course we guide you to develop your understanding on how to establish a test of controls while minimising effort and the amount of data you need to source or to create. The result is your increased ability to identify cost effective, practically designed and highly effective controls. Controls that represent smart, sound investments for the long-term.

Ultimately this critical skill set for the 2020s will drive up the value you bring to your organisation and your level of influence.

Course Overview

This is an online interactive course with ample time to participate, share and network.

  1. Half-Day Online Self-Paced Learning

Overview of statistics for non-statisticians

  • How probability works in statistics
  • How statistics help us to interpret and make decisions under uncertainty

Overview of key statistical tests for comparing one or more variables and their application to control testing.

  1. Two Half-Day Online Learning Workshops
  • Clarify and create a competency in applying statistical methods to controls
  • Discover and apply the iQ3 Framework for applied statistics in risk
  1. Questions of Probability – e.g. what is the likelihood?
  2. Questions of Differences – e.g. how do these controls compare?
  3. Questions of Relationships – e.g. what is the relationship between this cause and consequence?

The question of differences will be explored through a series of case studies showing how to approach different types of common questions of control effectiveness.

Gain experience with a quick reference guide for applying statistical methods in the field of control testing.

About Bryan & Andrew

Bryan Whitefield is a management consultant operating since 2001, specialising in risk-based decision making, born from his more than twenty years of facilitating executive and board workshops. Bryan’s experience as a risk practitioner includes the design and implementation of risk management programs for more than 150 organisations across the public, private and not-for- profit sectors. Bryan is author of Risky Business: How Successful Organisations Embrace Uncertainty; Persuasive Advising: How to Turn Red Tape into Blue Ribbon and is writing Team Think: Unlock the Power of the Collective Mind.  He was President and Chair of the RMIA from 2013 – 2015. He is licenced by the RMIA as a Certified Chief Risk Officer (CCRO) and is the designer and facilitator of their flagship Enterprise Risk Course since 2019.

Armed with a PhD in Statistics and Engineering, Dr Andrew Pratley has ten years of experience in helping companies see the value in their data. When not helping clients use data to solve their most pressing problems or serving as a subject matter expert in government and legal forums, he lectures in Business Analytics at the University of Sydney Business School and serves as a regular commentator in the media and at industry conferences on issues of data, analytics and insights.

Course Details

Part One: Half-day online self-paced pre-course learning (approx 2-4 hours)
Part Two: Two half-day online in-person Learning Workshops facilitated by Dr Andrew Pratley and Bryan Whitefield (4 hours for each of 2 half-day online Learning Workshops)

All PAID registrants receive an email with details on how to get started. Please allow up to 4 hours to complete Part One.
Note: This can be done in at your own pace allowing you to pick and choose when you work on the program in the lead up to the two half-day online workshops.

Time: 2-4 hrs self-paced, then 4 hours x 2 half-day online Learning Workshops
Location: Online Self-Paced Pre-Course Work and then Two (2) half day online Zoom Meetings
Price: 1,875 incl. GST
Group Bookings: For Group Bookings, please contact Bryan’s Team HERE