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Risk Assessments? You Bet!

by Jerry Peterson

In prediction markets, such as Intrade, TradeSports, and the Iowa Electronic Markets, a broad range of people express their opinions about future events in politics, economics, or sports by backing them with small bets. The results are reliable predictions of the probabilities of these future events. Program managers can use the same approach, outlined in this Executive Update, to help assess the risks they face.

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Risk Assessments? You Bet!1 April 2008

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Cutter Consortium, founded in 1986, is a global IT advisory firm helping organizations forge solutions to the business technology challenges they face. Through its research, consulting, and training, Cutter assists enterprises as they create, implement, and maintain IT systems and organizations that support business objectives and encourage innovation. Cutter pushes the thinking in the field by fostering debate and collaboration between thought leaders from different domains, countries, and disciplines. As a completely independent entity that has no special ties to vendors, Cutter Consortium is beholden to no one and dedicated to providing completely objective, unbiased information to its clients. Cutter Consortium gives you access to the top thinkers in IT.

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Risk Assessments? You Bet!