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Quantifying and managing risk during uncertain times

Quantifying and managing risk during uncertain times

10 June - 10 June
When: Wednesday 10 June 2020   
Time: 11.00am – 12.00pm  
Where: Online
Cost: $59+GST
Dresscode: Absolutely anything


Join this 60-minute online seminar to learn how to stabilise your business by effectively quantifying and managing risk.  

Covid-19 and the 2020 bushfires have brought risk management into stark relief. Rare events are in their nature rare, but they can have catastrophic impacts on the way we work. When considering risk, being more probabilistic in our thinking can counter our tendency to underestimate the impact of less likely events, and overemphasise risks we understand and expect.  

Through the lens of Covid-19 and the bushfires, with examples from my experience and research, I’ll highlight ways to strengthen our understanding of risk. 

Key takeaways 

  • A starting point for risk management is catastrophic consequence, separated from the causes of change, and quantify these consequences along a common scale 
  • Thinking in ranges not in absolutes to expose our level of uncertainty 
  • Using analysis and modelling of risk to reduce our range of uncertainty 
  • Probabilistically quantifying unlikely events by broadening our thinking and timeframes around likelihood 
  • How to blend quantitative analysis with qualitative understanding 

Tom Schlosser is the Head of Systems, Data Analytics and Innovation at ChildFund Australia. He is a data analyst at heart, with experience applying models to real world problems to provide insight and evaluate impact. 


Contact us at info@thirdsector.com.au for more information.

This event is part of Third Sector’s weekly Business Viability Virtual Event Series, aimed to prepare your business for survival, post Covid-19.