Conference presentation. What cognitive biases affect the way we think about risk? How does an Agile approach help to manage risk and what tactical practices can you apply?
How A/B Tests Lie to Us and How to Drive Genuine ImprovementWP Engine UK
Smart marketers know that A/B testing helps take the guesswork out of website optimizations. Often times though, A/B testing doesn't give you a true view of how your site or web page is performing.
In this presentation, WP Engine Founder & CTO Jason Cohen covers why tools that show “statistical significance” are often wrong, and how you can correct it, how to use insights from Google Analytics to drive A/B tests and what elements of your marketing campaigns should be A/B tested.
This document outlines Bryan Barrow's presentation on risk management mistakes. It discusses the top 10 mistakes companies make in risk management: not involving teams, ignoring people risks, lack of contingency planning, failing to identify and communicate specific risks, and not having a risk management plan. It emphasizes quantifying risks, creating backup plans, securing funding for risks, and regularly reviewing top risks. The goal is to help projects stay on track by properly planning for and mitigating risks.
This document discusses the topics of risk, uncertainty, probability estimation, and calibration. It notes that there is a difference between cardinal and ordinal measurements. It also distinguishes between foxes, who are less confident in estimates and more tolerant of uncertainty, and hedgehogs, who are highly confident and intolerant of uncertainty. The document recommends methods for calibrating probability estimates, such as using confidence intervals, doing multiple tests of estimates, and considering equivalence bets to improve calibration. Overall, the document focuses on understanding and improving calibration of probability estimates under conditions of uncertainty.
This document discusses key concepts in risk management. It defines risk as an event, outcome or circumstance with some degree of uncertainty. There are two parameters of risk - the potential impact and the likelihood or confidence of it occurring. While some risks have rules governing them, project risks have no rules so management must intervene. Various risk management strategies are outlined such as ignoring small risks, insuring against large risks, transferring risks, changing aspects to reduce risks, or directly addressing very large risks. The concepts of loose coupling, encapsulation, and top-down versus bottom-up understanding are also covered in relation to risk management.
The document outlines a decision training model that focuses on developing intuition through experience by collecting information, identifying cues, being decisive, and providing feedback to confirm positive outcomes and anchor cues that lead to decisions. It emphasizes strategic priorities, situational awareness, risk-reward analysis, and using proven tactics while avoiding wrong tactics, being thorough, maintaining self-control and decisiveness, and effectively managing time and opportunities.
Risk management in simple terms with some humorKumar Kolaganti
Risk Management is serious work and the terminology used is very complicated. It takes time to understand the concepts and put them to work as a project management practitioner. Thinking of Risk managements makes me remember two old sayings "'A stitch in time saves nine', and 'An ounce of prevention is worth a pound of cure'."
In line with this subtle humor, this presentation is an effort to explain risk management terminology in simple terms with some humor. Some may say that this is a spoof on project risk management.
Laugh, Smile and Enjoy.
This document contains a collection of principles and sayings that have guided the author and his teams over the years. Some of the key ideas expressed include completing all staff work to a high standard before presenting it, learning from mistakes rather than assigning blame, managing risks thoughtfully, keeping projects and solutions simple, and being prepared.
How A/B Tests Lie to Us and How to Drive Genuine ImprovementWP Engine UK
Smart marketers know that A/B testing helps take the guesswork out of website optimizations. Often times though, A/B testing doesn't give you a true view of how your site or web page is performing.
In this presentation, WP Engine Founder & CTO Jason Cohen covers why tools that show “statistical significance” are often wrong, and how you can correct it, how to use insights from Google Analytics to drive A/B tests and what elements of your marketing campaigns should be A/B tested.
This document outlines Bryan Barrow's presentation on risk management mistakes. It discusses the top 10 mistakes companies make in risk management: not involving teams, ignoring people risks, lack of contingency planning, failing to identify and communicate specific risks, and not having a risk management plan. It emphasizes quantifying risks, creating backup plans, securing funding for risks, and regularly reviewing top risks. The goal is to help projects stay on track by properly planning for and mitigating risks.
This document discusses the topics of risk, uncertainty, probability estimation, and calibration. It notes that there is a difference between cardinal and ordinal measurements. It also distinguishes between foxes, who are less confident in estimates and more tolerant of uncertainty, and hedgehogs, who are highly confident and intolerant of uncertainty. The document recommends methods for calibrating probability estimates, such as using confidence intervals, doing multiple tests of estimates, and considering equivalence bets to improve calibration. Overall, the document focuses on understanding and improving calibration of probability estimates under conditions of uncertainty.
This document discusses key concepts in risk management. It defines risk as an event, outcome or circumstance with some degree of uncertainty. There are two parameters of risk - the potential impact and the likelihood or confidence of it occurring. While some risks have rules governing them, project risks have no rules so management must intervene. Various risk management strategies are outlined such as ignoring small risks, insuring against large risks, transferring risks, changing aspects to reduce risks, or directly addressing very large risks. The concepts of loose coupling, encapsulation, and top-down versus bottom-up understanding are also covered in relation to risk management.
The document outlines a decision training model that focuses on developing intuition through experience by collecting information, identifying cues, being decisive, and providing feedback to confirm positive outcomes and anchor cues that lead to decisions. It emphasizes strategic priorities, situational awareness, risk-reward analysis, and using proven tactics while avoiding wrong tactics, being thorough, maintaining self-control and decisiveness, and effectively managing time and opportunities.
Risk management in simple terms with some humorKumar Kolaganti
Risk Management is serious work and the terminology used is very complicated. It takes time to understand the concepts and put them to work as a project management practitioner. Thinking of Risk managements makes me remember two old sayings "'A stitch in time saves nine', and 'An ounce of prevention is worth a pound of cure'."
In line with this subtle humor, this presentation is an effort to explain risk management terminology in simple terms with some humor. Some may say that this is a spoof on project risk management.
Laugh, Smile and Enjoy.
This document contains a collection of principles and sayings that have guided the author and his teams over the years. Some of the key ideas expressed include completing all staff work to a high standard before presenting it, learning from mistakes rather than assigning blame, managing risks thoughtfully, keeping projects and solutions simple, and being prepared.
This document discusses ten common "dramatic instincts" that can lead people to misinterpret facts and see issues as more dramatic than they really are. These instincts are the gap, negativity, fear, size, destiny, single perspective, blame, and urgency instincts. It provides rules of thumb for controlling each instinct, such as checking for actual gaps and risks rather than assuming them, focusing on gradual changes rather than destinies, considering multiple perspectives rather than single views, and resisting urges to blame or act urgently. The goal is to recognize instincts that distort reality and instead take a fact-based, measured approach to understanding issues and making decisions.
Behavioral Economics as a Lens for Interaction designPaul Sas
Interaction designers craft experiences by curating the flow of information within contexts that aim to focus attention and interest. Subtle psychological details can dramatically transform an experience. Experimental results from behavioral economics spotlight opportunities for improving the dynamics of an interaction: The presentation frame can harness intrinsically motivating cues, drive engagement, and enable people to develop behavioral patterns that harmonize with their deepest aspirations.
http://www.baychi.org/calendar/20120214/
This document discusses risk management from various perspectives including as a life skill, an organizational necessity, and through analogies to sports like soccer. It defines risk management as involving strategy, structure, people relationships, internal control, oversight, governance, crisis prevention, and disaster management. Specific examples are provided around traffic safety, driving lessons, the H1N1 outbreak, the BP oil spill in the Gulf of Mexico, and lawsuits against government responses to disasters. The overall message is that risk management is essential for success in both business and life as it determines how well one plays the game and how an organization or business survives.
Don’t Believe Everything You See (or Think): Optical Illusions as a window on...Paul Sas
The document discusses several cognitive biases and illusions that influence human decision-making. It explains that people are not perfectly rational and do not always make decisions through logical computation. Instead, fast, intuitive thinking leads to heuristics and patterns perceived without sensitivity to variables like sample size. Additionally, losses and negative outcomes weigh more heavily on the mind than comparable gains. The document also explores how reference points and framing of options can significantly impact choice. Overall, it examines how human perception and decision-making can be affected by cognitive biases.
This document provides an introduction to risk assessment. It defines risk as the relationship between the likelihood of an event and its impact. Risk is classified into three levels - high, medium, and low - based on the probability and impact. A risk analysis involves identifying events, determining their probability and impact, and evaluating them on a risk matrix. Control measures can then be identified to reduce probability or impact and lower the risk level. Black swan events are also discussed as high impact, low probability occurrences that are unexpected beforehand. The document provides examples and steps for conducting a risk assessment.
This document appears to be a web page discussing IQ scores and what is considered a good score. The page includes a discussion forum where users have commented on what constitutes a high IQ. Most comments indicate that 132 is an excellent score, well above average, and close to Mensa qualifications. The discussion suggests that IQ scores alone don't determine abilities but 132 would be considered gifted.
Complications in Shoulder Surgery and how to avoid themLennard Funk
The document discusses how to avoid complications in arthroscopic surgery. It provides tips for surgeons such as practicing techniques on models first, having a backup plan for each surgical step, performing the first few surgeries with a senior colleague, and regularly visiting other surgeons. The document emphasizes that despite efficacy, complications can occur in arthroscopic surgery, so proper training and care are needed to minimize risks. When complications do happen, open communication with the patient to explain what occurred and its impact is vital.
Decision Making Process: WRAP by Vlad turevsky Sigma Software
This document outlines a decision-making process framework with various techniques to improve decision making. It discusses widening options by considering alternatives beyond existing options. It also discusses framing choices as "and" rather than "or" to avoid a limited view. The document provides examples of success stories and tracking past decision results. It also describes techniques like testing assumptions, scoping decisions, considering opposite viewpoints, and preparing for potential outcomes when making decisions. Overall, the framework aims to improve decision making by avoiding narrow perspectives and more thoroughly considering various factors, alternatives, and potential scenarios.
The concept of using games and simulations to address the problems of epidemics and pandemics is far from new. In the UK there is an old nursery rhyme called “ring a ring o’ roses” which has been attributed to the great plague of London in the 17th century in which the symptoms included a rose-like rash and sneezing. Since Games and Simulations are used in many application areas to raise awareness and influence behaviours which are important interventions for epidemics and viruses, it is not surprising that they can play an important role in tackling the spread of infectious diseases like MERS.
This presentation shows some examples of serious games and simulations to both support the early detection of these diseases and to engage the public in actions and behaviours that limit their impact. The presentation goes on to consider the role of gamification and disruptive technologies in future strategies designed to either prevent pandemics or reduce their spread
Prime Decision is a marketing strategy firm that uses behavioural economics. Behavioural economics studies actual human behaviour and decision-making, rather than the rational "homo economicus" model. People are bad at judging probabilities but good at frequencies. Behavioural economists have discovered many cognitive biases that influence decisions, such as framing effects, availability heuristic, and defaults. Prime Decision applies these insights to problems by developing behavioural strategies and experiments. Their approach targets specific behaviours, interrogates the problem through lenses like script, social and structure, then experiments to find effective interventions. They gave an example of reducing insurance fraud through subtle changes to the claims process designed to promote honesty.
This document provides information about an introduction to economic development lecture. It includes the lecturer's contact information, as well as brief introductions to topics that will be covered such as why some countries are rich while others are poor, historical changes in global population, life expectancy, income, and the concept of globalization. Charts and figures are referenced to illustrate these concepts.
This document explains how to calculate sample size for a survey or poll. It outlines the key factors needed: population size, margin of error, confidence level, and standard deviation. It provides the formula for calculating sample size and works through an example using a 95% confidence level, 0.5 standard deviation, and +/- 5% margin of error. Based on these parameters, the sample size needed is 385 respondents. The document advises adjusting the confidence level or margin of error if the calculated sample size is too large.
Tools for decision making (Brian Haff) ProductCamp Boston 2014ProductCamp Boston
We've all made rational decisions and forecasts based on individually analyzing the best available data. But there are many other aspects of decision making. This session will examine some of those. When can groups of non-expert individuals beat some of the best experts? What are some of the common biases that cause ordinary people to make decisions differently from those that they "should" make. Can you take advantage of the ways other makes decisions or is this unwarranted manipulation?
Several studies have found errors in spreadsheets to be abundant, with error rates ranging from 2.1% to 4.6%. The incidence of errors is above 20% regardless of experience level designing or developing spreadsheets. People are also ineffective at detecting errors on their own or in groups. The most common types of errors are hard-coding and mistakes referencing cells. However, errors referencing cells and logic are more likely to produce mistakes in results.
This document discusses strategies for controlling common cognitive biases known as "dramatic instincts" that can distort perceptions of facts. It provides tips for countering 10 specific biases: the negativity instinct, fear instinct, size instinct, destiny instinct, single perspective instinct, blame instinct, urgency instinct, straight line instinct, generalization instinct, and gap instinct. The strategies emphasize questioning dramatic stories, distinguishing levels from trends of change, considering multiple perspectives, and resisting overgeneralization.
Billion Dollar Lessons Learning From Others Failuresjdbsf
Paul Carroll, Wall Street Journal correspondent and editor over 17 years, co-author of the best-selling book Billion Dollar Lessons, offers insights from extensive research on what we can learn from the most disastrous business failures of the last 25 years. Paul spoke at the City Club of San Francisco in January 2009, at my suggestion.
Business model innovation by experimentationEnergized Work
How to maximize learning and minimize risk.
All new products start as a series of unvalidated assumptions. The most critical assumptions are usually implicit and relate to the purpose of the product and the value it is intended to deliver. The more key assumptions involved, the greater the risk. It is enough to have 7 key assumptions about which you are 90% certain for the combined odds of success to be below 50%.
Contrary to popular belief, when we know very little about a situation, it only takes a small amount of new data to realise significant insights.
Unfortunately, people often underestimate the value of information and misunderstand risk. As Product Owners we are often afraid to test our assumptions. We routinely pile on additional risk without a second thought.
Do we have a death wish or are we simply masochists? Risk management is the bread and butter of the finance and insurance industries. Isn’t it time we evolved?
In this fast paced and practical session we will explore answers to the following questions:
- What is risk and how do we quantify and manage it?
- How do we assess the value of information?
- How can experimentation reduce risk and where does it fit in the product development cycle?
- What makes a good experiment?
- How to run experiments in a cost effective manner?
- What are good metrics?
- How to obtain Zen like focus and prioritisation?
New concepts will be introduced, examples will be given and we will then point out where to seek further information. Hold onto your hats.
In this presentation, Joe and Brian contrast traditional risk assessment with some emerging techniques that use internal and market risk event (incident) data to drive a more accurate risk model.
Presentation by:
Joe Crampton, VP – Applications, Resolver Inc.
Brian Link, CIA, VP – GRC Strategy & Partnerships, Resolver Inc.
Brighttalk outage insurance- what you need to know - finalAndrew White
This document provides an overview of Andrew White's experience in systems monitoring and event management. It discusses his 15 years of experience designing and managing deployment of monitoring software at IBM and other Fortune 100 companies. It also lists some of his previous roles and responsibilities at those organizations, including leading monitoring teams and developing custom solutions.
This document discusses ten common "dramatic instincts" that can lead people to misinterpret facts and see issues as more dramatic than they really are. These instincts are the gap, negativity, fear, size, destiny, single perspective, blame, and urgency instincts. It provides rules of thumb for controlling each instinct, such as checking for actual gaps and risks rather than assuming them, focusing on gradual changes rather than destinies, considering multiple perspectives rather than single views, and resisting urges to blame or act urgently. The goal is to recognize instincts that distort reality and instead take a fact-based, measured approach to understanding issues and making decisions.
Behavioral Economics as a Lens for Interaction designPaul Sas
Interaction designers craft experiences by curating the flow of information within contexts that aim to focus attention and interest. Subtle psychological details can dramatically transform an experience. Experimental results from behavioral economics spotlight opportunities for improving the dynamics of an interaction: The presentation frame can harness intrinsically motivating cues, drive engagement, and enable people to develop behavioral patterns that harmonize with their deepest aspirations.
http://www.baychi.org/calendar/20120214/
This document discusses risk management from various perspectives including as a life skill, an organizational necessity, and through analogies to sports like soccer. It defines risk management as involving strategy, structure, people relationships, internal control, oversight, governance, crisis prevention, and disaster management. Specific examples are provided around traffic safety, driving lessons, the H1N1 outbreak, the BP oil spill in the Gulf of Mexico, and lawsuits against government responses to disasters. The overall message is that risk management is essential for success in both business and life as it determines how well one plays the game and how an organization or business survives.
Don’t Believe Everything You See (or Think): Optical Illusions as a window on...Paul Sas
The document discusses several cognitive biases and illusions that influence human decision-making. It explains that people are not perfectly rational and do not always make decisions through logical computation. Instead, fast, intuitive thinking leads to heuristics and patterns perceived without sensitivity to variables like sample size. Additionally, losses and negative outcomes weigh more heavily on the mind than comparable gains. The document also explores how reference points and framing of options can significantly impact choice. Overall, it examines how human perception and decision-making can be affected by cognitive biases.
This document provides an introduction to risk assessment. It defines risk as the relationship between the likelihood of an event and its impact. Risk is classified into three levels - high, medium, and low - based on the probability and impact. A risk analysis involves identifying events, determining their probability and impact, and evaluating them on a risk matrix. Control measures can then be identified to reduce probability or impact and lower the risk level. Black swan events are also discussed as high impact, low probability occurrences that are unexpected beforehand. The document provides examples and steps for conducting a risk assessment.
This document appears to be a web page discussing IQ scores and what is considered a good score. The page includes a discussion forum where users have commented on what constitutes a high IQ. Most comments indicate that 132 is an excellent score, well above average, and close to Mensa qualifications. The discussion suggests that IQ scores alone don't determine abilities but 132 would be considered gifted.
Complications in Shoulder Surgery and how to avoid themLennard Funk
The document discusses how to avoid complications in arthroscopic surgery. It provides tips for surgeons such as practicing techniques on models first, having a backup plan for each surgical step, performing the first few surgeries with a senior colleague, and regularly visiting other surgeons. The document emphasizes that despite efficacy, complications can occur in arthroscopic surgery, so proper training and care are needed to minimize risks. When complications do happen, open communication with the patient to explain what occurred and its impact is vital.
Decision Making Process: WRAP by Vlad turevsky Sigma Software
This document outlines a decision-making process framework with various techniques to improve decision making. It discusses widening options by considering alternatives beyond existing options. It also discusses framing choices as "and" rather than "or" to avoid a limited view. The document provides examples of success stories and tracking past decision results. It also describes techniques like testing assumptions, scoping decisions, considering opposite viewpoints, and preparing for potential outcomes when making decisions. Overall, the framework aims to improve decision making by avoiding narrow perspectives and more thoroughly considering various factors, alternatives, and potential scenarios.
The concept of using games and simulations to address the problems of epidemics and pandemics is far from new. In the UK there is an old nursery rhyme called “ring a ring o’ roses” which has been attributed to the great plague of London in the 17th century in which the symptoms included a rose-like rash and sneezing. Since Games and Simulations are used in many application areas to raise awareness and influence behaviours which are important interventions for epidemics and viruses, it is not surprising that they can play an important role in tackling the spread of infectious diseases like MERS.
This presentation shows some examples of serious games and simulations to both support the early detection of these diseases and to engage the public in actions and behaviours that limit their impact. The presentation goes on to consider the role of gamification and disruptive technologies in future strategies designed to either prevent pandemics or reduce their spread
Prime Decision is a marketing strategy firm that uses behavioural economics. Behavioural economics studies actual human behaviour and decision-making, rather than the rational "homo economicus" model. People are bad at judging probabilities but good at frequencies. Behavioural economists have discovered many cognitive biases that influence decisions, such as framing effects, availability heuristic, and defaults. Prime Decision applies these insights to problems by developing behavioural strategies and experiments. Their approach targets specific behaviours, interrogates the problem through lenses like script, social and structure, then experiments to find effective interventions. They gave an example of reducing insurance fraud through subtle changes to the claims process designed to promote honesty.
This document provides information about an introduction to economic development lecture. It includes the lecturer's contact information, as well as brief introductions to topics that will be covered such as why some countries are rich while others are poor, historical changes in global population, life expectancy, income, and the concept of globalization. Charts and figures are referenced to illustrate these concepts.
This document explains how to calculate sample size for a survey or poll. It outlines the key factors needed: population size, margin of error, confidence level, and standard deviation. It provides the formula for calculating sample size and works through an example using a 95% confidence level, 0.5 standard deviation, and +/- 5% margin of error. Based on these parameters, the sample size needed is 385 respondents. The document advises adjusting the confidence level or margin of error if the calculated sample size is too large.
Tools for decision making (Brian Haff) ProductCamp Boston 2014ProductCamp Boston
We've all made rational decisions and forecasts based on individually analyzing the best available data. But there are many other aspects of decision making. This session will examine some of those. When can groups of non-expert individuals beat some of the best experts? What are some of the common biases that cause ordinary people to make decisions differently from those that they "should" make. Can you take advantage of the ways other makes decisions or is this unwarranted manipulation?
Several studies have found errors in spreadsheets to be abundant, with error rates ranging from 2.1% to 4.6%. The incidence of errors is above 20% regardless of experience level designing or developing spreadsheets. People are also ineffective at detecting errors on their own or in groups. The most common types of errors are hard-coding and mistakes referencing cells. However, errors referencing cells and logic are more likely to produce mistakes in results.
This document discusses strategies for controlling common cognitive biases known as "dramatic instincts" that can distort perceptions of facts. It provides tips for countering 10 specific biases: the negativity instinct, fear instinct, size instinct, destiny instinct, single perspective instinct, blame instinct, urgency instinct, straight line instinct, generalization instinct, and gap instinct. The strategies emphasize questioning dramatic stories, distinguishing levels from trends of change, considering multiple perspectives, and resisting overgeneralization.
Billion Dollar Lessons Learning From Others Failuresjdbsf
Paul Carroll, Wall Street Journal correspondent and editor over 17 years, co-author of the best-selling book Billion Dollar Lessons, offers insights from extensive research on what we can learn from the most disastrous business failures of the last 25 years. Paul spoke at the City Club of San Francisco in January 2009, at my suggestion.
Business model innovation by experimentationEnergized Work
How to maximize learning and minimize risk.
All new products start as a series of unvalidated assumptions. The most critical assumptions are usually implicit and relate to the purpose of the product and the value it is intended to deliver. The more key assumptions involved, the greater the risk. It is enough to have 7 key assumptions about which you are 90% certain for the combined odds of success to be below 50%.
Contrary to popular belief, when we know very little about a situation, it only takes a small amount of new data to realise significant insights.
Unfortunately, people often underestimate the value of information and misunderstand risk. As Product Owners we are often afraid to test our assumptions. We routinely pile on additional risk without a second thought.
Do we have a death wish or are we simply masochists? Risk management is the bread and butter of the finance and insurance industries. Isn’t it time we evolved?
In this fast paced and practical session we will explore answers to the following questions:
- What is risk and how do we quantify and manage it?
- How do we assess the value of information?
- How can experimentation reduce risk and where does it fit in the product development cycle?
- What makes a good experiment?
- How to run experiments in a cost effective manner?
- What are good metrics?
- How to obtain Zen like focus and prioritisation?
New concepts will be introduced, examples will be given and we will then point out where to seek further information. Hold onto your hats.
In this presentation, Joe and Brian contrast traditional risk assessment with some emerging techniques that use internal and market risk event (incident) data to drive a more accurate risk model.
Presentation by:
Joe Crampton, VP – Applications, Resolver Inc.
Brian Link, CIA, VP – GRC Strategy & Partnerships, Resolver Inc.
Brighttalk outage insurance- what you need to know - finalAndrew White
This document provides an overview of Andrew White's experience in systems monitoring and event management. It discusses his 15 years of experience designing and managing deployment of monitoring software at IBM and other Fortune 100 companies. It also lists some of his previous roles and responsibilities at those organizations, including leading monitoring teams and developing custom solutions.
Bringing Science to Software DevelopmentArty Starr
Twenty-five years ago, Peter Senge wrote “The Fifth Discipline”, considered the seminal text for how to build a learning organization. With obvious benefits, and the recipe needed for success, why don't we see more learning organizations? That was twenty-five years ago!
As Ash Maurya pointed out in his new book, Scaling Lean, “The goal isn't learning, the goal is traction.” Without a process that helps us turn learning into momentum, a culture of learning gets us nowhere. Without a strategy to overcome the challenges of distributed decision-making, we still make most decisions in ignorance.
Let's dust off these old ideas in light of all the discoveries we've made over the last decade in Lean Startup, Agile, and Continuous Delivery.
What are the critical elements that are missing in our organizations that prevent us from building a learning organization? What are the key obstacles to success?
In this talk, we'll breakdown the concept of a learning organization into discrete system components and analyze the requirements like engineers. Then we'll discuss a strategy for overcoming the challenges and iteratively transforming our organizations into learning organizations. From the building blocks of culture, to the design of organizational architecture, we'll build a roadmap for learning how to learn together.
Want to learn your way to being an AWESOME company? Learn how to become a learning organization.
Get to Oz by Making Better Strategic Decisions v5leepublish
This document summarizes a masterclass on improving strategic decision making. The masterclass will cover why strategy often fails due to bad decisions, moving beyond rational decision making, common decision traps and biases, case studies of failures, decision making tools, and an evidence-based decision framework. Attendees will learn about psychological, perception, memory, logic, physiological, and social traps that can lead to suboptimal decisions. Examples of traps that will be discussed include the availability heuristic, confirmation bias, pseudocertainty effect, and status quo bias. The overall goal is to help participants make better strategic decisions.
Agile risk management - Enterprise agility Joseph Flahiff
Protect your bottom line and Learn how risk is managed throughout the lifecycle of agile work. Unique application of reverse Ishikawa to identify risks at any stage of a project.
This document summarizes a seminar on risk management and institutional risks. It discusses definitions of risk, types of positive and negative risks, how to identify risks within an organization, and roles of senior management in defining risk tolerance and appetite. Methods of risk assessment, evaluation, and modeling are presented. The document also introduces ISO 31000 principles and framework for risk management.
Accident Investigations - Blame and Shame or Listen and Learn? SAMTRAC International
Are all accidents preventable? Steve Woodward walks NOSHCON 2015 attendees through the seven delusions under which safety officials function, and challenges outdated, unsafe habits.
The document discusses how humans are poor decision makers due to numerous cognitive biases that cause irrational behavior. It explains that real-world decision making often involves hastily choosing the first option without proper analysis or review, unlike the ideal process of considering alternatives and revisiting choices. Some recommendations are provided on improving decision making through understanding cognitive biases, engaging imagination, probabilistic reasoning, assigning credibility scores to information sources, and promoting diversity.
Change Agents: How to Effectively Influence Intractable Corporate Cultures Keith Conway
It’s no secret that trying to change corporate culture is hard. This is primarily due to the fact that large corporations are complex systems and fundamentally averse to change. This reluctance is rooted in a systematic misalignment of shared vision, shared values, and shared culture within the organization. This talk defines a new method of business transformation by illustrating how to effectively influence corporate cultures towards collective action. To achieve that end, we outline an iterative framework along three main vectors: assess the people and environment, craft a narrative, then utilize timing to deliver your message for maximum impact. If you have ever been frustrated by a lack of political will within your own organization, come and join us. You will learn how to become a change agent yourself, how to create other change agents, then finally how to transform your corporation into a change agent.
This document provides an overview of risk management for startups. It discusses the high failure rates of businesses, with poor risk management being a leading cause. It defines risk and outlines various types of risks that startups may face, including market, competitive, technology, operational, financial, legal and more. The document explains risk identification, assessment and mitigation, and provides a framework for prioritizing risks based on likelihood and consequences. It emphasizes the importance of identifying and addressing "killer" risks that could threaten the viability of the business. Finally, the document presents a pragmatic approach to developing a risk management plan.
How Four Statistical Rules Forecast Who Wins a Competitive BidIntelCollab.com
Can Bayesian statistics really determine in advance if the bid you are offering will be the winner or just another loser? And, if the metrics forecast a loss, can the same algorithm tell you what to change in order to win instead?
Competitive bidding is where big money sales opportunities are won or lost, and there are four (4) rules that can help you turn a losing situation into a winning sale.
These four rules help you better understand what the customer wants, examine what competitors might do in response and how to beat them, while helping you to offer the best bid, optimized for yours and your prospective customer’s intended outcome. Statistical metrics evaluate your probability of success against the competition and help you more objectively determine how to win. But how can you get at the foundational issues that will determine who will win?
Learning objectives:
Learn the Four Rules that help you understand what will actually determine the customer’s decision.
Visualize your bid head-to-head against the competition and employ objective metrics to determine if you will win.
Identify weaknesses in your offer that must be improved for your bid to beat the competition.
Bill Zangwill is a Professor, Emeritus, from the University of Chicago, Booth School of Business. He has authored four published books, one of which was selected by the Library Journal as “One of the Best Business Books of the Year,” and had over 50 papers in academic journals. In addition, he has had three articles published in the Wall Street Journal. His consulting engagements include top firms such as IBM, AT&T, Motorola, many smaller firms and the US government. He has also taught at the University of Illinois and the University of California, Berkeley. He is considered one of the most innovative thinkers in his field.
Bill will present 30 minutes on how the four rules can help you turn a losing situation into a winning sale and will be joined by webinar moderator Arik Johnson, Founder & Chairman at Aurora WDC.
Bias and heuristics are great ways of saving energy by avoiding to think too much when it is necessary to take a decision. It is important to be aware of them to avoid taking systematically the wrong decision.
Role of Data Science in ERM @ Nashville Analytics Summit Sep 2014John Liu
An overview of how organizations can leverage data science and predictive analytics to improve enterprise risk management. Applications for risk identification, mitigation and management will be discussed, as well as methods to facilitate strategic integration across an organization.
The Role of Data Science in Enterprise Risk Management, Presented by John LiuNashvilleTechCouncil
Enterprise risk management (ERM) uses a holistic approach to identify, assess, and manage risks across an organization. Data science can enhance ERM by providing comprehensive data management, predictive risk analytics through techniques like modeling loss distributions, and real-time risk reporting dashboards. While ERM traditionally relied on closed-form solutions and historical data, modern approaches use data analytics like machine learning models to better predict outliers and risks with limited data.
This document discusses identifying and addressing risks in a business startup. It notes that the problem, solution, team, impact and customers are all uncertain at the startup phase. While uncertainty is not the same as risk, risk is a cousin of uncertainty. The document outlines how uncertainty decreases and risk decreases as a startup progresses through stages from idea to growth. It recommends addressing customer uncertainty/risk first since that is typically the biggest risk. The document advocates using a structured approach like the Business Model Canvas to zoom in on customer risk and reduce the unknowns in that area through experiments and learning.
This document provides a summary of a presentation on persuasive e-commerce. It discusses how online conversion rates are typically much lower than offline rates due to a lack of certain in-person factors. It then covers cognitive biases and how the unconscious mind works, noting most decisions are made unconsciously. Finally, it outlines different persuasion techniques like social proof, scarcity, and removing friction that can be applied to e-commerce to increase online conversions. The presentation concludes with a discussion of how personalized, automated persuasion may be used in the future to target individual customers.
The modified version of the Innovation Culture talk trimmed down to one hour for the Stanford chapter of ASES (Asia-Pacific Student Entrepreneurship Society).
Arcadia alive operational decision making may 2014 videoArcadiaAlive
The document discusses improving decision making through behavioral change and human factors. It notes that people ultimately make the difference and achieving more through collaboration. While most training does not change behavior, blending psychology and management can support sustainable behavioral change. Common errors in thinking and reasons for rule violations are outlined. Risk perception factors and a framework for personal and business risk management are also provided. Overall, the document emphasizes that the best decisions involve learning from others through social interactions and ensuring diverse sources of independent ideas.
How to Interpret Trends in the Kalyan Rajdhani Mix Chart.pdfChart Kalyan
A Mix Chart displays historical data of numbers in a graphical or tabular form. The Kalyan Rajdhani Mix Chart specifically shows the results of a sequence of numbers over different periods.
Northern Engraving | Modern Metal Trim, Nameplates and Appliance PanelsNorthern Engraving
What began over 115 years ago as a supplier of precision gauges to the automotive industry has evolved into being an industry leader in the manufacture of product branding, automotive cockpit trim and decorative appliance trim. Value-added services include in-house Design, Engineering, Program Management, Test Lab and Tool Shops.
Freshworks Rethinks NoSQL for Rapid Scaling & Cost-EfficiencyScyllaDB
Freshworks creates AI-boosted business software that helps employees work more efficiently and effectively. Managing data across multiple RDBMS and NoSQL databases was already a challenge at their current scale. To prepare for 10X growth, they knew it was time to rethink their database strategy. Learn how they architected a solution that would simplify scaling while keeping costs under control.
Essentials of Automations: Exploring Attributes & Automation ParametersSafe Software
Building automations in FME Flow can save time, money, and help businesses scale by eliminating data silos and providing data to stakeholders in real-time. One essential component to orchestrating complex automations is the use of attributes & automation parameters (both formerly known as “keys”). In fact, it’s unlikely you’ll ever build an Automation without using these components, but what exactly are they?
Attributes & automation parameters enable the automation author to pass data values from one automation component to the next. During this webinar, our FME Flow Specialists will cover leveraging the three types of these output attributes & parameters in FME Flow: Event, Custom, and Automation. As a bonus, they’ll also be making use of the Split-Merge Block functionality.
You’ll leave this webinar with a better understanding of how to maximize the potential of automations by making use of attributes & automation parameters, with the ultimate goal of setting your enterprise integration workflows up on autopilot.
"Choosing proper type of scaling", Olena SyrotaFwdays
Imagine an IoT processing system that is already quite mature and production-ready and for which client coverage is growing and scaling and performance aspects are life and death questions. The system has Redis, MongoDB, and stream processing based on ksqldb. In this talk, firstly, we will analyze scaling approaches and then select the proper ones for our system.
Monitoring and Managing Anomaly Detection on OpenShift.pdfTosin Akinosho
Monitoring and Managing Anomaly Detection on OpenShift
Overview
Dive into the world of anomaly detection on edge devices with our comprehensive hands-on tutorial. This SlideShare presentation will guide you through the entire process, from data collection and model training to edge deployment and real-time monitoring. Perfect for those looking to implement robust anomaly detection systems on resource-constrained IoT/edge devices.
Key Topics Covered
1. Introduction to Anomaly Detection
- Understand the fundamentals of anomaly detection and its importance in identifying unusual behavior or failures in systems.
2. Understanding Edge (IoT)
- Learn about edge computing and IoT, and how they enable real-time data processing and decision-making at the source.
3. What is ArgoCD?
- Discover ArgoCD, a declarative, GitOps continuous delivery tool for Kubernetes, and its role in deploying applications on edge devices.
4. Deployment Using ArgoCD for Edge Devices
- Step-by-step guide on deploying anomaly detection models on edge devices using ArgoCD.
5. Introduction to Apache Kafka and S3
- Explore Apache Kafka for real-time data streaming and Amazon S3 for scalable storage solutions.
6. Viewing Kafka Messages in the Data Lake
- Learn how to view and analyze Kafka messages stored in a data lake for better insights.
7. What is Prometheus?
- Get to know Prometheus, an open-source monitoring and alerting toolkit, and its application in monitoring edge devices.
8. Monitoring Application Metrics with Prometheus
- Detailed instructions on setting up Prometheus to monitor the performance and health of your anomaly detection system.
9. What is Camel K?
- Introduction to Camel K, a lightweight integration framework built on Apache Camel, designed for Kubernetes.
10. Configuring Camel K Integrations for Data Pipelines
- Learn how to configure Camel K for seamless data pipeline integrations in your anomaly detection workflow.
11. What is a Jupyter Notebook?
- Overview of Jupyter Notebooks, an open-source web application for creating and sharing documents with live code, equations, visualizations, and narrative text.
12. Jupyter Notebooks with Code Examples
- Hands-on examples and code snippets in Jupyter Notebooks to help you implement and test anomaly detection models.
"Frontline Battles with DDoS: Best practices and Lessons Learned", Igor IvaniukFwdays
At this talk we will discuss DDoS protection tools and best practices, discuss network architectures and what AWS has to offer. Also, we will look into one of the largest DDoS attacks on Ukrainian infrastructure that happened in February 2022. We'll see, what techniques helped to keep the web resources available for Ukrainians and how AWS improved DDoS protection for all customers based on Ukraine experience
Dandelion Hashtable: beyond billion requests per second on a commodity serverAntonios Katsarakis
This slide deck presents DLHT, a concurrent in-memory hashtable. Despite efforts to optimize hashtables, that go as far as sacrificing core functionality, state-of-the-art designs still incur multiple memory accesses per request and block request processing in three cases. First, most hashtables block while waiting for data to be retrieved from memory. Second, open-addressing designs, which represent the current state-of-the-art, either cannot free index slots on deletes or must block all requests to do so. Third, index resizes block every request until all objects are copied to the new index. Defying folklore wisdom, DLHT forgoes open-addressing and adopts a fully-featured and memory-aware closed-addressing design based on bounded cache-line-chaining. This design offers lock-free index operations and deletes that free slots instantly, (2) completes most requests with a single memory access, (3) utilizes software prefetching to hide memory latencies, and (4) employs a novel non-blocking and parallel resizing. In a commodity server and a memory-resident workload, DLHT surpasses 1.6B requests per second and provides 3.5x (12x) the throughput of the state-of-the-art closed-addressing (open-addressing) resizable hashtable on Gets (Deletes).
The Microsoft 365 Migration Tutorial For Beginner.pptxoperationspcvita
This presentation will help you understand the power of Microsoft 365. However, we have mentioned every productivity app included in Office 365. Additionally, we have suggested the migration situation related to Office 365 and how we can help you.
You can also read: https://www.systoolsgroup.com/updates/office-365-tenant-to-tenant-migration-step-by-step-complete-guide/
Fueling AI with Great Data with Airbyte WebinarZilliz
This talk will focus on how to collect data from a variety of sources, leveraging this data for RAG and other GenAI use cases, and finally charting your course to productionalization.
Have you ever been confused by the myriad of choices offered by AWS for hosting a website or an API?
Lambda, Elastic Beanstalk, Lightsail, Amplify, S3 (and more!) can each host websites + APIs. But which one should we choose?
Which one is cheapest? Which one is fastest? Which one will scale to meet our needs?
Join me in this session as we dive into each AWS hosting service to determine which one is best for your scenario and explain why!
Main news related to the CCS TSI 2023 (2023/1695)Jakub Marek
An English 🇬🇧 translation of a presentation to the speech I gave about the main changes brought by CCS TSI 2023 at the biggest Czech conference on Communications and signalling systems on Railways, which was held in Clarion Hotel Olomouc from 7th to 9th November 2023 (konferenceszt.cz). Attended by around 500 participants and 200 on-line followers.
The original Czech 🇨🇿 version of the presentation can be found here: https://www.slideshare.net/slideshow/hlavni-novinky-souvisejici-s-ccs-tsi-2023-2023-1695/269688092 .
The videorecording (in Czech) from the presentation is available here: https://youtu.be/WzjJWm4IyPk?si=SImb06tuXGb30BEH .
What is an RPA CoE? Session 1 – CoE VisionDianaGray10
In the first session, we will review the organization's vision and how this has an impact on the COE Structure.
Topics covered:
• The role of a steering committee
• How do the organization’s priorities determine CoE Structure?
Speaker:
Chris Bolin, Senior Intelligent Automation Architect Anika Systems
Conversational agents, or chatbots, are increasingly used to access all sorts of services using natural language. While open-domain chatbots - like ChatGPT - can converse on any topic, task-oriented chatbots - the focus of this paper - are designed for specific tasks, like booking a flight, obtaining customer support, or setting an appointment. Like any other software, task-oriented chatbots need to be properly tested, usually by defining and executing test scenarios (i.e., sequences of user-chatbot interactions). However, there is currently a lack of methods to quantify the completeness and strength of such test scenarios, which can lead to low-quality tests, and hence to buggy chatbots.
To fill this gap, we propose adapting mutation testing (MuT) for task-oriented chatbots. To this end, we introduce a set of mutation operators that emulate faults in chatbot designs, an architecture that enables MuT on chatbots built using heterogeneous technologies, and a practical realisation as an Eclipse plugin. Moreover, we evaluate the applicability, effectiveness and efficiency of our approach on open-source chatbots, with promising results.
3. 1
2
3
Open a browser on any laptop, tablet or smartphone
Go to http://etc.ch/eBWh
Answer the three questions
Live Poll Quiz: Busting Brain Myths
https://directpoll.com/r?XDbzPBd3ixYqg8uaeBAdQQpzmHAcSh5kAjPp0e7gE
Uncertainty and Your Brain
4. Thinking Fast and Slow
Daniel Kahneman
Predictably Irrational
Dan Ariely
Introduction
6. Risk Management
Identify
Threat, failure, loss, exposure
Assess
Risk-exposure factor = (% probability of loss) * (size of loss in weeks)
Manage
Accept, Avoid, Control, Transfer, Monitor
7. Ultimatum Game
Rules of the Game
• Pick a partner.
One will be the “Proposer”
The other will be the “Responder”
• The Proposer will be granted $10 of play money.
• The Proposer will have to share the money with the Responder.
Decide how much money to offer the Responder.
Make the offer.
• The Responder can either accept or reject the proposal.
If the offer is accepted, you both keep the money.
If the offer is rejected, nobody keeps any money.
8.
9. Risk Biases
Endowment Effect
Peltzman Effect
Sunk Cost Fallacy
Which do you think is a better
improvement?
• Increase 60% to 65%
• Increase 0% to 5%
• Increase 95% to 100%
Certainty Effect
Possibility Effect
10. Prospect Theory
Four Fold Pattern
High Probability
(Certainty Effect)
Low Probability
(Possibility Effect)
Gains Losses
95% Chance to WIN $10000
Fear of disappointment
(accept a settlement)
Risk Averse
95% Chance to LOSE $10000
Hope to avoid loss
(take the risky operation)
Risk Seeking
5% Chance to WIN $10000
Hope of a large gain
(buy a lottery ticket)
Risk Seeking
5% Chance to LOSE $10000
Hope to avoid loss
(buy insurance)
Risk Averse
11. Knowledge
gained in the
first 25% of
the product
38.75% more
knowledge
gained during
the product
Cone of Uncertainty
[Craig Gmyrek https://dzone.com/articles/uncertainty-knowledge-and-scrum-sprints]
14. Tactical Approaches to Risk
Six Thinking Hats
http://www.debonogroup.com/six_thinking_hats.php
TRIZ
Liberating Structures
http://www.liberatingstructures.com/6-making-space-with-triz/
Pessimist Day
What it is What it is not
High level (epic) Too detailed (story)
Quick and
lightweight
A risk log
Awareness Solutions
Critical Negative
Schedule 1 day as part of high-level
planning where program teams can
collaborate with the risk department.
Break into groups to consider up coming
high level features with a Black-hat
approach.