In Managing the Risk and Uncertainty in Business Decisions, Charlene Deaver-Vazquez presents a new conceptual tool that provides a balanced view of objectives and key performance indicators. It allows for easy steering to areas where problems are and rapid decisions without losing sight of the important stuff.
My favorite takeaway was her reminder to use a simple 1 to 5 rating scale to gather feedback or evaluate performance. It is a quick method to collect easy-to-interpret qualitative data and is an effective way to rate the severity or magnitude of something. Her story highlights the power of using quantitative analytics to put numbers on possible outcomes and risks.
3 minute overview
Core presentation (15 minutes)
Managing the Risk and Uncertainty in Business Decisions with Charlene Deaver-Vazquez – Full recorded webinar
To remain in business long-term, entrepreneurs have to get comfortable making difficult decisions. In its simplest form, decision-making is a choice about some action, either to do or not to do something or to select one option from a range of options.
Quantitative data can provide valuable insight into the likelihood of project success and identify where you need to develop contingency plans. Even in complex or ambiguous situations, entrepreneurs can quickly gather basic measurements and quantitative data to support timely decisions while maintaining sight of important issues. Moreover, quantitative data can uncover emerging risks in fast-changing environments.
More about Charlene Deaver-Vazquez
Charlene is passionate about shifting the balance from failure to success. She loves developing tools and methods that help organizations consistently make better decisions. Charlene is a consultant at Fismacs. She is a risk advisor and trusted agent, with over 30 years of IT and security-relaced experience. For the last several years she has supported the Nuclear Regulatory Commission with quantitative risk analysis.