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We would like to take this opportunity to acknowledge the traditional territories of the Niitsitapi (Blackfoot) and the people of the Treaty 7 region in Southern Alberta. These include the Siksika, the Piikuni, the Kainai, the Tsuutina and

  2. We would like to take this opportunity to acknowledge the traditional territories of the Niitsitapi (Blackfoot) and the people of the Treaty 7 region in Southern Alberta. These include the Siksika, the Piikuni, the Kainai, the Tsuut’ina and the Stoney Nakoda First Nations, including Chiniki, Bearpaw, and Wesley First Nations. The City of Calgary is also home to Métis Nation of Alberta, Region III.

  3. Risk-based decision making for new and emerging risks

  4. Risk m k man anag agement i t is… • Identification – Which risks? • Assessment – What about the risks? • Management – What is to be done?

  5. Commo mmon e eleme ments

  6. Traditio itional ri l risk sk m management t expose ses u s us to o cert rtain r risks

  7. Black Swan Gray Rhino

  8. Heuri risti tics cs • Loss aversion • Confirmation rule • Affect rule • Group think • Overconfidence • Anchoring rule • Availability

  9. Com Common issu sues w s with r risk k mana nagem emen ent • Lack of time • Lack of expertise • Lack of prioritization

  10. Case Case s study

  11. Cl Closi osing What can we takeaway?

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