Risk practitioners are often unwilling bystanders to the phenomenon Bryan Whitefield calls “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. This can result in costly and often-times disastrous outcomes. For many professionals, the step to more accurate assessment is seen as a big one. One involving modelling and monte carlo simulations, big data or both.

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”.

With a unique blend of Andrew’s statistical skills and Bryan as a translator for the risk profession, Bryan and Andrew have teamed up to defeat quantifornication. Together they 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?
  • Questions of Differences – e.g. how do these controls compare?
  • Questions of Relationships – e.g. what is the relationship between this cause and consequence?

In this course we focus on controls and the question of differences. 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 generate. You will also discover how quick it is to analyse the data and how you are able to interrogate the analysis to understand sensitivities to inputs and outputs.

More importantly this course will improve your ability to articulate risk and influence decision makers to leverage your role more powerfully than ever before.

This is the skill set everyone is talking about for the 21st century – data savvy, analytics literate and the ability to guide the influx of data scientists that are inevitable for your business.

Learning Objectives

  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. Improve influencing skills through the use of applied statistics to inform decision makers.

Format of the Course

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 testin

2. 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 using the correct method.

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

About the Speakers

Bryan Whitefield is a management consultant operating since 2001, specialising in risk-based decision making and influencing decision makers, 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 the author of DECIDE: How to Manage the Risk in Your Decision Making, and Winning Conversations: How to turn red tape into blue ribbon and 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.


Control Testing – Applying Science to Assessing Control Effectiveness (CTAS)

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: $1,875.00 incl GST

Group Bookings: For Group Bookings, please contact us via email on info@bryanwhitefield.com.au or by phone on 02 9400 9702.

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