RiskStudio Episode 1 - Expert Speaker - Methodology for calculating cost of risk management

This is the expert speaker section of the first episode of the RiskStudio podcast. In this episode Gary Bierc shares details and benefits of his patented methodology which covers how to calculate cost of risk management and how cost of risk management may influence achievement of business objectives. This methodology aligns with the first principle of ISO 31000 standard - "Risk management creates and protects value". The principle states that risk management contributes to the demonstrable achievement of objectives and improvement of performance. While the principle is very simple in its context, most organisations still struggle to demonstrate this principle with real financial facts. The methodology covered in this video can become a valuable tool for organisations to demonstrate this key ISO 31000 principle.