00:45 You only make decisions where something is uncertain. 01:35 We only need to make decisions where there is 1) uncertainty 2)the outcome matters. 3)Risk is Uncertainty is matters. 2:00 the only decisions we make in a business are decisions that matter. We should have decision making that is Informed by risk information. We understand the uncertainties and why they matter so within that context we can make a good decision 2:40 Risk based decision making is making decisions that we need to make (at all levels) where there is uncertainty where it matters and aware of risk that impact that decision. 3:00 we need to understand how risks impact the decisions we will make + 3:15 communication to decision makers so they have access of that information when they make the decisions. Risk professionals need to be able to therefore speak to decision makers at all levels 3:36 CEO needs risk advisor to speak to them to advise on the uncertainties that matter to the decision. 3:55 examples of PMO/HR 4:25 Summary - Decisions are only about uncertain things that matter, they are ALWAYS about Risk
00:45 You only make decisions where something is uncertain. 01:35 We only need to make decisions where there is 1) uncertainty 2)the outcome matters. 3)Risk is Uncertainty is matters. 2:00 the only decisions we make in a business are decisions that matter. We should have decision making that is Informed by risk information. We understand the uncertainties and why they matter so within that context we can make a good decision 2:40 Risk based decision making is making decisions that we need to make (at all levels) where there is uncertainty where it matters and aware of risk that impact that decision. 3:00 we need to understand how risks impact the decisions we will make + 3:15 communication to decision makers so they have access of that information when they make the decisions. Risk professionals need to be able to therefore speak to decision makers at all levels 3:36 CEO needs risk advisor to speak to them to advise on the uncertainties that matter to the decision. 3:55 examples of PMO/HR 4:25 Summary - Decisions are only about uncertain things that matter, they are ALWAYS about Risk
Thanks for this helpful summary Robert.