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Risk Assessment Competencies of Risk Management Professionals (in Germany)

This paper deals with the competencies of risk management professionals for assessing risk. Often such risk experts (“analysts”) are being consulted or asked to conduct these tasks together with the respective personnel in a company. Therefore, from a management perspective it is important to know the risk assessment competencies of these professionals and to know how these could be biased. Or research focuses on the competencies of these risk management professionals and how they could be influenced in their decisions. We could show that problems arise when having to analyze a risk quantitatively. Risk management professionals are generally able to understand such risk information, but can also be biased by the context and the way information is presented.