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Babcock Training Academy

We deliver world-class training in complex systems to AUS/NZ defence, government and high tech markets

Office Address

Babcock Training Academy
Level 10 70 Franklin Street Adelaide  SA  5000

Contact Details

Training Project Support
T:   +61 (0)8 8440 9507
F:   +61 (0)8 8312 3227
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Risk Intelligence Masterclass

Course Description

Conventional risk management is limited for many reasons. One of which is the underlying assumption that people make rational decisions after carefully weighing all of the information available. However, this assumption may not hold due to biases in the manner in which people evaluate and draw inferences from the information they have. To address this limitation, this one-day Masterclass presented by Dr Ricardo Valerdi aims to improve the risk intelligence of decision makers by quantifying and reducing overconfidence through calibration exercises.

The course is designed to enhance the "risk intelligence" of decision makers through a methodology for quantifying overconfidence and underconfidence based on research in psychology and economics. To improve risk intelligence, the course is designed to provide immediate feedback to participants on the accuracy of their confidence about various decisions to enable more realistic estimates of future outcomes

Target Audience

Project Managers, Senior Managers and anyone who is responsible for taking Risk into the decision making process.

Course Outline

Day One

Fundamentals of Risk Management Introduction to Risk Intelligence, Biases, Heuristics
Analyse calibration curves Understanding calibration Risk Intelligence Training: How it works
Calibration Training Group Discussion: Evaluating your performance

Course Details

Course start Thu 1st January 2015
Course end Thu 31st December 2015
Individual price
Extra Information Contact us today about upcoming dates for this course or tailored courses to suit you and your team!
Course location
Please register your interest in this course by contacting Babcock on +61 (0)8 8440 9507

Register Here!

Registering for one of our courses is easy! Simply fill out one of the below Course Registration Forms and return via email to training@babcock.com.au

Course Registration Form - Individual Attendees

Course Registration Form - Multiple Attendees

Babcock Terms and Conditions

 

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GST Terms

All prices shown are Exclusive of GST. GST of 10% will be added to all invoices