Risk Assessment and Expected Loss Ranking Models

Our model-based approach supports both top-down and bottom-up modeling processes, thus enabling lower-level models to be informed and guided by higher-level models for identifying and capturing risks in a causal risk model.

The risk assessment platform provides computer-assisted workbench that enables users to create models to capture events, risk factors and risks, measures, likelihood of occurrence, and probability-weighted impact data such as illustrated in the Figure below.

Modeling Expected Loss and Level of Risk Model

The workbench supports provides computer generated visualization of risk models through the Enterprise Risk Explorer® that allows users to drill down into certain aspects of the organization such as strategic objectives, products, and organization unit impacted areas. > Learn more  ... 

 

Risk Impact Analysis

Risk analysis involves identifying the most probable threats to the organization, analyzing the organization's vulnerabilities exposed to these threats, and defining controls and/or mitigation strategies for this risk exposure.

The model-driven approach allows both top-down and bottom-up modeling to capture disruptive events and factors, classification of the event into risk categories, and assessment of the impact on the organization.

This allows the risk identification and measurement efforts to easily scale enterprise-wide, by enabling decomposition of the analysis problem to be driven from the business value proposition and objectives as expressed in the goal-oriented risk model.

 

Related Links
+ ERMSIM SLM Data Sheet
+ ERMSIM SLM Strategy Visualization Workbench

 

 

 

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