Risk and uncertainty management

Decoding Decision Modeling

Tiago Brasil

Lead Data Engineer

Managing risks and uncertainties

Risk and uncertainty management enhance decision models by anticipating problems, minimizing impacts, and increasing the likelihood of achieving desired outcomes.

A diagram centered around a target symbol, representing decision-making. Four arrows point outward from the target in four different directions. Each arrow leads to a label and an icon of Objectives,Alternatives, Constraints and Uncertainties

Decoding Decision Modeling

Managing risks and uncertainties

Risk and uncertainty management enhance decision models by anticipating problems, minimizing impacts, and increasing the likelihood of achieving desired outcomes.

A diagram centered around a target symbol, representing decision-making. Four arrows point outward from the target in four different directions. The arrow leading to a label and an icon of Uncertainties is highlighted and an icon of a yellow ruler with a probabilities label points to the uncertainties label

Decoding Decision Modeling

Managing risks and uncertainties

Risk and uncertainty management enhance decision models by anticipating problems, minimizing impacts, and increasing the likelihood of achieving desired outcomes.

An icon of a gauge with a exclamation point in front of it and the label risks

Decoding Decision Modeling

Managing risks and uncertainties

Risk and uncertainty management enhance decision models by anticipating problems, minimizing impacts, and increasing the likelihood of achieving desired outcomes.

Three icons of a fire flame with different sizes, small, medium and large and the label severity

Decoding Decision Modeling

Managing risks and uncertainties

Risk and uncertainty management enhance decision models by anticipating problems, minimizing impacts, and increasing the likelihood of achieving desired outcomes.

Four icons representing the risk strategies avoid (curve around obstacle), reduce (downward arrow), transfer(Two-way arrow) and accept(green check mark)

Decoding Decision Modeling

Risk assessment matrix

A risk assessment matrix is a tool for evaluating and prioritizing risks based on their likelihood of occurring and the severity of their impact.

An icon of a magnifying glass with a warning triangle in it and the label Identify Risks

Decoding Decision Modeling

Risk assessment matrix

A risk assessment matrix is a tool for evaluating and prioritizing risks based on their likelihood of occurring and the severity of their impact.

An icon of a magnifying glass on top a report and the label evaluate likelihood

Decoding Decision Modeling

Risk assessment matrix

A risk assessment matrix is a tool for evaluating and prioritizing risks based on their likelihood of occurring and the severity of their impact.

An icon of a gauge and the label Evaluate Impact

Decoding Decision Modeling

Risk assessment matrix

A risk assessment matrix is a tool for evaluating and prioritizing risks based on their likelihood of occurring and the severity of their impact.

An icon of a risk matrix and the label build a matrix

Decoding Decision Modeling

Risk assessment matrix

A risk assessment matrix is a tool for evaluating and prioritizing risks based on their likelihood of occurring and the severity of their impact.

An icon of a target arrow on top a report and the label Develop a Strategy

Decoding Decision Modeling

Assessing risks in a product launch

Toothpaste+, a company primarily known for oral care products, decided to expand into the frozen food market by launching a beef lasagna product. Box of frozen lasagna named Toothpaste + Beef Lasagna

Decoding Decision Modeling

Assessing risks in a product launch

Toothpaste+, a company primarily known for oral care products, decided to expand into the frozen food market by launching a beef lasagna product. Box of frozen lasagna named Toothpaste + Beef Lasagna

Decoding Decision Modeling

Assessing risks in a product launch

Toothpaste+, a company primarily known for oral care products, decided to expand into the frozen food market by launching a beef lasagna product. Box of frozen lasagna named Toothpaste + Beef Lasagna

Decoding Decision Modeling

Assessing risks in a product launch

Toothpaste+, a company primarily known for oral care products, decided to expand into the frozen food market by launching a beef lasagna product. Box of frozen lasagna named Toothpaste + Beef Lasagna

Decoding Decision Modeling

Assessing risks in a product launch

Toothpaste+, a company primarily known for oral care products, decided to expand into the frozen food market by launching a beef lasagna product. Box of frozen lasagna named Toothpaste + Beef Lasagna

Decoding Decision Modeling

Assessing risks in a product launch

Image of a risk assessment matrix with the likelihood column Very likely, Likely and Unlikely highlighted in yellow

Decoding Decision Modeling

Assessing risks in a product launch

Image of a risk matrix with the impact line low, medium and high highlighted in yellow

Decoding Decision Modeling

Assessing risks in a product launch

A risk matrix with each risk positioned according to its likelihood and Impact.

Decoding Decision Modeling

Assessing risks in a product launch

A table and its headers Priority, Risk, Strategy and Mitigating action

Decoding Decision Modeling

Assessing risks in a product launch

A table and its headers Priority, Risk, Strategy and Mitigating action

Decoding Decision Modeling

Assessing risks in a product launch

A table and its headers Priority, Risk, Strategy and Mitigating action

Decoding Decision Modeling

Assessing risks in a product launch

A table and its headers Priority, Risk, Strategy and Mitigating action

Decoding Decision Modeling

Let's practice!

Decoding Decision Modeling

Preparing Video For Download...