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HESPA "HERMN" SIG Meeting
3rd April 2025
MS Teams, 14:00 - 15:00
Simple decision trees and Monte Carlo simulations in risk assessment, and roundtable event
The first part of the session will focus on two tools with simple examples of use in assessing risk:
decision trees used to calculate expected values for strategic and operational choices, and
Monte Carlo simulations for income projections.
The second part of the session will be a semi-facilitated opportunity to network with peers (other attendees) involved in risk, considering your biggest challenges, risks and general issues with a view to producing some survey data for everyone. Breakout rooms may be used for this element of the meeting.
Speaker
Russ Grant is the Risk Manager for the University of York and is the current Chair of the Higher Education Risk Management Network (HERMN).
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