Managing Cognitive Bias Risk – Recognition & Avoidance Essentials
Cognitive bias is a systematic pattern of deviation from using rationality in judgement. It is inherent within all of us and learning to manage our cognitive bias, especially as it relates to important business decisions, is imperative.
Glossing over a risk as ordinary because of such a bias could jeopardize management’s view about the likelihood or impact of a risk event. This could lead to unexpected losses.
Risk management professionals are in a position where it’s their responsibility to know the difference between illusion and reality and how to identify and incorporate debiasing techniques. It is also their responsibility to recognize how their perception of things can impact — sometimes in a disastrous manner — their analysis and judgement. This virtual workshop will teach participants just that, and more.
RIMS Members: $775 USD | Non-members: $1,175 USD (review registration details below)
WATCH THE PREVIEW
WHAT YOU WILL LEARN
Course participants walk away with the ability to:
- Recognize the impact of perception on analysis and judgement
- Differentiate individual Cognitive Bias Risk, or CBR, social CBR, strategic CBR and tactical CBR
- Align CBR to Organizational Core Risks
- Identify impact of Cognitive Bias Risks on risk assessment judgements and decision-making
- Identify debiasing techniques to reduce CBR impact
- Develop a communication plan to convey CBR impact factors to stakeholders
WHO SHOULD ATTEND
This workshop is designed for risk professionals of all levels and those working in a wide variety of businesses from technology, manufacturing, insurance, financial services, government and non-profit as well as many other industries. Professionals in audit, legal, security, compliance, and risk consultants will also benefit from participating in this workshop. Participants perform in a diverse array of roles from risk analysts to supervisors to top level executive management and should have a basic understanding of enterprise risk management (ERM).
Formats: Live virtual, in-person, private corporate training, or chapter workshop. Contact PD@RIMS.org regarding corporate and chapter training.
Cancellations and Refunds
RIMS reserves the right to cancel a course if conditions warrant. In the event of such a cancellation, registration fees will be refunded.
All requests for refunds or changes must be submitted in writing to RIMS at pd@RIMS.org. Registrants who cancel 15 business days or less prior to the start of the workshop can send a replacement from their company or receive credit to attend another workshop with the same duration and cost within a year of the cancelled registration. Please note if the member rate was paid for the original registration and you elect to send a replacement or transfer the credit to another employee of your organization who is not a member, an additional fee will be charged to offset the difference between the member and nonmember rate. No refunds will be issued for cancellations less than 15 days from the start of the workshop.