S3 Ep4 | Decision Intelligence with Deepak Mistry

This is the Closing Monologue for our third season of riskologists. Our hosts, Patrick Bradshaw and Nicola Boyle, will be rounding off the season and reflecting back on the key takeaways and theme. As well as offering their own piece of advice!Enjoy!Please find our hosts on LinkedIn:https://www.linkedin.com/in/patrick-bradshaw-89995314a/https://www.linkedin.com/in/nicola-boyle-506537209/Please find the riskologists podcast on LinkedIn and through our website:https://www.linkedin.com/company/riskologistshttps://www.optimise-risk.co.uk/riskologists/

For the 12th and final time for Season 3, Nic and Pat are joined by the brilliant Chiara Simonetti to discuss AI's interface with Risk Management in the construction industry. Successes, challenges, technology, and implementation are key themes throughout. We’ll also explore Chiara’s journey in the construction industry, examining how she has tackled its unique challenges while assessing the effectiveness of AI in this sector across the Middle East, where she lives and works.Key themes explored are:➡ Chiara's journey to date➡ How is AI currently being used in Construction➡ How is AI enabling us to become more efficient➡ Implementation in large vs smaller organisations ➡ The role of P3 professionals in its success➡ Preparing for implementation➡ Ethical concerns ➡ Influence of AI in construction and tangible ROI➡ Future innovations and their potential impacts➡ Successes and challenges in its implementation ➡ Embracing AIEnjoy!Please find our hosts on LinkedIn:https://www.linkedin.com/in/patrick-bradshaw-89995314a/https://www.linkedin.com/in/nicola-boyle-506537209/Please find Chiara on LinkedIn:https://www.linkedin.com/in/chiara-simonetti/Please find the riskologists podcast on LinkedIn and through our website:https://www.linkedin.com/company/riskologistshttps://www.optimise-risk.co.uk/riskologists/

After a 3 year hiatus, Donna Festorazzi is back on the riskologists podcast for the penultimate episode of season 3! She joined Pat and Nic via Zoom, tuning in from the Middle-East to discuss the role of the risk manager, yesterday, today and tomorrow.They take a trip down memory lane to reminisce on Donna's first few years in the profession as a graduate vs her role now as a strategic leader and if the skills, behaviours and characteristics required to be successful then, still stood true today.Key themes explored are:➡ Donna's journey to date➡ The role of the risk professional and perception 20 years ago➡ Key skillset sought ➡ Training, development & KPI's for success➡ How has the role changed?➡ KPI's for success for the modern risk professional➡ How to become more valuable➡ Soft skills vs technology➡ The future of the professionEnjoy!Please find our hosts on LinkedIn:https://www.linkedin.com/in/patrick-bradshaw-89995314a/https://www.linkedin.com/in/nicola-boyle-506537209/Please find Donna on LinkedIn:https://www.linkedin.com/in/donna-festorazzi-msc-risk-management-cfirm-mapm-msp-46b6b45b/Please find the riskologists podcast on LinkedIn and through our website:https://www.linkedin.com/company/riskologistshttps://www.optimise-risk.co.uk/riskologists/

In Episode 10 of the riskologists podcast, the riskologists team recently travelled over the Pennines for this double header with the brilliant Andrew & Tim.In the age of AI, we dive into why automation is as important to the risk practitioner as ever. Tools, techniques, and tips on how to continually 'sharpen your axe' are constant throughout, and we discuss how automating more of your role can free up your time to really add value.Key themes explored are:➡ Andrew and Tim's journey to date➡ Automation vs AI - a balance➡ Automation vs manual - sharpening your axe➡ Experiences of automating with current available products➡ Biggest value propositions➡ Low hanging fruit for automating your role➡ How to best spend the time savedEnjoy!Please find our hosts on LinkedIn:https://www.linkedin.com/in/patrick-bradshaw-89995314a/https://www.linkedin.com/in/nicola-boyle-506537209/Please find Andrew & Tim on LinkedIn:https://www.linkedin.com/in/dr-andrew-watts-33151415/https://www.linkedin.com/in/tim-hess-7813219/Please find the riskologists podcast on LinkedIn and through our website:https://www.linkedin.com/company/riskologistshttps://www.optimise-risk.co.uk/riskologists/

In Episode 9 of the riskologists podcast, Hannah recently joined Pat and Nic for garbed in their Xmas jumpers for a festive special; however, it wasn't Christmas dinner on the menu, it was risk.Risk appetite, tolerance, and capacity remain critical themes in today's business landscape. In this episode, we dive into the challenges of defining them, the strategies for effectively cascading them from the strategic level into the P3 environment, and how organizations can future-proof their approach.We explore keeping risk appetite dynamic and actionable—aligning strategic vision with operational execution while building resilience in an ever-evolving risk landscape.Key themes explored are:➡ Hannah's journey to date➡ Introduction of the nuances between TAC➡ Resilience vs risk management maturity ➡ Challenges defining these statements at a strategic level➡ Evolution of the concept of risk appetite over Hannah's career➡ Cascading the defined appetite statement into the P3 environment➡ The role of advancing technology in the definition, development and monitoring of appetite➡ Future-proofing appetiteEnjoy!Please find our hosts on LinkedIn:https://www.linkedin.com/in/patrick-bradshaw-89995314a/https://www.linkedin.com/in/nicola-boyle-506537209/Please find Hannah on LinkedIn:https://www.linkedin.com/in/hannah-wynne-24702723/Please find the riskologists podcast on LinkedIn and through our website:https://www.linkedin.com/company/riskologistshttps://www.optimise-risk.co.uk/riskologists/

In Episode 8 of the riskologists podcast, optimise Partner, Matt recently sat down with Pat & Nic to unpack the practical applications for the risk practitioner. Conscious of all the noise in the industry at the moment, Matt breaks down some common misconceptions, discusses potential resistance and explores opportunities for implementation for risk professionals.Key themes explored are:➡ Matt's journey to date➡ Timeline and application of AI across Matt's career➡ AI is going to take our jobs?!➡ Reasons for reluctance towards AI➡ Current applications of AI in RM & P3M➡ Barriers to effective implementation of AI ➡ Advice to start implementing AI into your day-to-day➡ AI - friend or foe?Enjoy!Please find our hosts on LinkedIn:https://www.linkedin.com/in/patrick-bradshaw-89995314a/https://www.linkedin.com/in/nicola-boyle-506537209/Please find Matt on LinkedIn:https://www.linkedin.com/in/mattatoptimise/Please find the riskologists podcast on LinkedIn and through our website:https://www.linkedin.com/company/riskologistshttps://www.optimise-risk.co.uk/riskologists/

In Episode 7 of the riskologists podcast, Mark recently travelled to the optimise office in Warrington, to discuss lessons learned and resilience and how he has seen it develop over his career. Are we truly embracing the lessons from our past experiences and embedding them into our actions, or are we merely paying lip service to the concept of continuous improvement?Key themes explored are:➡ Mark's journey to date➡ What does it mean to embed resilience ➡ Real-life examples of using LL effectively➡ How to ensure LL are embedded into business practice ➡ The role of leadership➡ Barriers to embedding resilience effectively ➡ Integration of technology - how to enhance rather than complicate➡ LL as actionable insights rather than post-event reflections➡ Key indicators for successful integration of resilience]➡ Looking forward to the future of lessons learnt and resilience - how can we improve? Enjoy! Please find our hosts on LinkedIn:https://www.linkedin.com/in/patrick-bradshaw-89995314a/https://www.linkedin.com/in/nicola-boyle-506537209/Please find Mark on LinkedIn:https://www.linkedin.com/in/mark-baybutt/Please find the riskologists podcast on LinkedIn and through our website:https://www.linkedin.com/company/riskologistshttps://www.optimise-risk.co.uk/riskologists/

In Episode 6 of the riskologists podcast, Mark recently travelled up to the optimise office in Warrington, to discuss 'the iron triangle', and more specifically, whether any components of this omnipresent trifecta of P3 management may be replaced in a world where ESG is becoming increasingly important. For those of you familiar with Mark's excellent research, I'm sure you won't be surprised we get on to the topic of opportunity management... Key themes explored are: ➡ Mark's journey to date➡ What is 'The Iron Triangle' and its limitations ➡ Breaking 'The Iron Triangle'➡ How to measure P3 success in place of it➡ Opportunity Management as a tool to go beyond the traditional constraints of 'The Iron Triangle'➡ Is it a waste of time?➡ Opportunity Management into P3 Strategy➡ How to get the most from Opportunity Management Enjoy! Please find our hosts on LinkedIn: https://www.linkedin.com/in/patrick-bradshaw-89995314a/ https://www.linkedin.com/in/nicola-boyle-506537209/ Please find Mark on LinkedIn: https://www.linkedin.com/in/mark-turner-msc-bsc-hons-cfirm-9399a71/ Please find Mark's FREE 200+ Opportunity Management Handout: https://emsity.com/subscribeoi Please find the riskologists podcast on LinkedIn and through our website: https://www.linkedin.com/company/riskologists https://www.optimise-risk.co.uk/riskologists/

In Episode 5 of the riskologists podcast, the team recently collaborated with Alex via Zoom, where they dove into an insightful conversation with Alex, exploring his inspiring journey and tackling the big questions around Net Zero. Are organisations truly onboard and empowered to behave ethically and in keeping with the UK's 2050 Net Zero pledge, or are they just having their arms twisted by societal pressures and legislation? How will this shape our roles in the future? Key themes explored are: ➡ Alex's journey to date➡ What Net Zero means➡ How are organisations/projects already demonstrating good behaviours➡ Empowerment vs social pressures/legal requirements➡ Plausibility of the UK's Net Zero pledge➡ Greatest challenges and emerging risks as a result of Net Zero➡ Evolution of risk management amid this pledge Enjoy! Please find our hosts on LinkedIn: https://www.linkedin.com/in/patrick-bradshaw-89995314a/ https://www.linkedin.com/in/nicola-boyle-506537209/ Please find Alex on LinkedIn: https://www.linkedin.com/in/budzier/ Please find the riskologists podcast on LinkedIn and through our website: https://www.linkedin.com/company/riskologists https://www.optimise-risk.co.uk/riskologists/ Please find optimise on LinkedIn or through our website: https://www.linkedin.com/company/optimise-risk https://www.optimise-risk.co.uk/

In Episode 4 of the riskologists podcast, the team recently collaborated with Deepak via Zoom, to unpack all things, 'decisions'.They delve into how decision-making has evolved alongside risk management, highlighting the shift from reactive approaches to proactive strategies. Deepak also shares insights into overcoming challenges, integrating risk into decisions, and using modern frameworks to navigate complexity and uncertaintyThis includes (please see timestamps below):➡ Deepak's journey to date: 01:54➡ Redefinition of the risk professionals' role: 15:03➡ Decisions vs Outcomes and their Relationship: 27:30➡ Challenges of effective decision making: 31:30➡ Is risk divorced from decision-making?: 47:46➡ Are we ever taught how to make decisions well? 1:02:23➡ The OODA Loop & Cynefin Framework: 1:06:42➡ Evolution of decision-making in risk management: 1:24:35Enjoy!Please find our hosts on LinkedIn:https://www.linkedin.com/in/patrick-bradshaw-89995314a/https://www.linkedin.com/in/nicola-boyle-506537209/Please find Deepak on LinkedIn:https://www.linkedin.com/in/deepak-mistry-74004989/Please find the riskologists podcast on LinkedIn and through our website:https://www.linkedin.com/company/riskologistshttps://www.optimise-risk.co.uk/riskologists/Please find optimise on LinkedIn or through our website:https://www.linkedin.com/company/optimise-riskhttps://www.optimise-risk.co.uk/