Track: Decision & Risk Analysis
The Changing Risk Profile for Public Sector and What to Do About It
We live in a VUCA world: volatile, uncertain, complex, ambiguous. Essential to managing risk in this environment is thinking probabilistically. In this session we’ll cover the practical application of probabilistic thinking to government, including many real-life examples. Attendees will leave with an understanding of why we need probabilistic thinking, essential concepts in probabilistic thinking, examples how probabilistic thinking can be applied in local government, and access to an Excel-based tool that allows you to get started with probabilistic analysis at home.