Question 1

What is Risk Awareness Week 2026?

Accepted Answer

RAW2026 is the largest virtual conference dedicated to risk management, decision-making and AI-applied quantitative risk analysis. It runs 12–16 October 2026, fully online, organised by RISK-ACADEMY. Winner of FERMA's 2024 Training & Education Programme of the Year. 20,000+ professionals from 120+ countries have attended since 2020.

Question 2

When is Risk Awareness Week 2026?

Accepted Answer

RAW 2026 runs 12–16 October 2026, five days, fully virtual. Phase 1 — The Hard Reset — runs 12–13 October, free fast-paced 30-minute sessions. Phase 2 — Implementation Sprints — runs 14–16 October, paid 3-hour interactive workshops.

Question 3

Is Risk Awareness Week free?

Accepted Answer

Phase 1 (12–13 October) is FREE — full access to all 5 days of sessions live and replays, plus CPD certified certificate of attendance and free access to all RAW2025 replays. Phase 2 (14–16 October) requires a paid pass: $550 USD individual, or $2,000 USD Corporate Pass for up to 50 participants.

Question 4

How much does a Phase 2 ticket to RAW 2026 cost?

Accepted Answer

Phase 2 — Implementation Sprints — is $550 USD per individual at current early-bird pricing. Corporate Pass is $2,000 USD for up to 50 participants and includes 2 hours of consultation; this rises to $2,500 USD after 30 June 2026. Prices increase at the end of each month.

Question 5

Who organises Risk Awareness Week?

Accepted Answer

RISK-ACADEMY (riskacademy.ai), founded by Alex Sidorenko in 2012. Sidorenko is FERMA Risk Manager of the Year 2021 and RIMS Risk Management Implementation 2021 awardee. RAW has been held annually since 2019.

Question 6

Does RAW 2026 give CPD credits?

Accepted Answer

Yes — both Phase 1 and Phase 2 grant a CPD certified certificate of attendance. Phase 2 includes 15+ practical workshops with downloadable training materials and 12-month replay access. A CFO-approved justification letter is also available to help secure corporate budget approval.

Question 7

Who are the headline speakers at RAW 2026?

Accepted Answer

RAW 2026 features 36 speakers including Douglas Hubbard (Hubbard Decision Research, author of 'How to Measure Anything'), Sam Savage (ProbabilityManagement.org, author of 'The Flaw of Averages'), Leo Tilman (Agilion Systems CEO), Norman Marks (author of 'World-Class Risk Management'), Hernan Huwyler (IE Business School / Capgemini), Alex Sidorenko (Serra Verde), David T. Hulett, Reidar Bratvold (University of Stavanger), Steve Begg (University of Adelaide) and Mike Benefiel (GM Decision Analysis, Chevron).

Question 8

How is Risk Awareness Week different from RIMS RiskWorld or FAIRCON?

Accepted Answer

RAW is fully virtual, decision-centric and quantification-first, and significantly more affordable than RIMS RiskWorld (in-person) or FAIRCON (FAIR-methodology focused). RAW teaches RM2 — quantifying uncertainty before decisions, not documenting it afterward. Featuring practitioners from Chevron, Microsoft, Lockheed Martin, Allianz and others. FERMA 2024 award winner.

Question 9

How often should we conduct risk assessments?

Accepted Answer

Risk analysis should happen before every significant decision, not on a calendar schedule. Instead of annual risk workshops, integrate uncertainty analysis into your existing processes: budget planning (Monte Carlo simulation of cost ranges), capital allocation (decision trees comparing investment options), vendor selection (quantified risk scoring), and project approvals (probabilistic schedule analysis).

Question 10

How do we identify emerging risks?

Accepted Answer

The RM2 reframe: What new uncertainties could materially change the outcomes of our pending decisions? Model these uncertainties in your decision analysis, don't just list them in a register. Focus on specific uncertainties affecting your decision rather than abstract threats to catalog.

Question 11

What's the difference between inherent and residual risk?

Accepted Answer

The RM2 question is: How do different mitigation options change the probability distribution of outcomes for this specific decision? The decision isn't about calculating residual risk scores—it's comparing expected value and risk exposure across options using decision trees or Monte Carlo simulation.

Question 12

How should we prioritize our top risks?

Accepted Answer

Prioritize decisions by their importance and uncertainty, not risks by subjective scores. Don't ask 'Which risk is #1 on our register?' Ask 'Which pending decisions have the highest stakes and greatest uncertainty?' Focus analytical resources where decision quality matters most.

Question 13

How do we define our risk appetite?

Accepted Answer

What probability of adverse outcomes are we willing to accept for different decision types, and at what magnitude? For example: 'For capital projects, we accept 10% probability of exceeding budget by more than 20%, but only 2% probability of exceeding by more than 40%.' These quantified thresholds actually guide decisions.

Question 14

Should we use a 3×3 or 5×5 risk matrix?

Accepted Answer

Neither. Risk matrices introduce systematic mathematical errors and cognitive biases. Use quantitative methods proportional to the decision's importance: Simple scenario analysis for routine decisions, decision trees for medium-stakes decisions, and Monte Carlo simulation for complex, high-value decisions.

Question 15

How do we connect risk management to strategy?

Accepted Answer

In RM2, risk analysis IS strategic decision-making. Strategic planning without uncertainty analysis is just wishful thinking. When evaluating market entry, model the decision: What's the probability distribution of market size? Customer acquisition costs? Competitive response? The risk analysis and strategic analysis are the same activity.

Question 16

How do we get executive buy-in for risk management?

Accepted Answer

Show executives how quantitative risk analysis improves their specific pending decisions. Don't present risk registers or heat maps in board meetings. Instead show: 'Here's our capital allocation decision modeled three ways, showing probability of achieving target returns under different uncertainty scenarios.' Executives buy in when risk analysis demonstrates clear ROI.

Michele Wucker

Biography

Areas of expertise

Michele Wucker at Risk Awareness Week