Business Risk Library
Business Risk Library
The Preference Business Risk Library (PBRL) for operational risk analysis, risk quantification, and evaluation of mitigation strategies:
- Project risk evaluation
- Opportunity risk evaluation
- Assess risk costs in relation to existing business KPIs
- Identify most efficient mitigation plans
- Identify critical risk factors
- Frame the risk by thresholds
- Calculates a “Risk Cost” as can be aggregated at selected levels; Project, Customer, Area, Country, etc.
- PBRL allows interval valued estimates of probabilities, risks, and consequence values
- PBRL allows rankings of likelihoods, consequences, and objective importance as well as identifying the best option
- PBRL Contains state-of-the-art algorithms for aggregating and evaluating a large number of risks
Features of PBRL
- Risks associate with mitigations
- Identify efficient mitigations based on their cost and effect
- Identify Risks that contribute the most to the overall risk
- Mitigations can have an impact on the risk cost, risk probability, or both
- Risks associated with different organizational or business units
- Aggregate a large number (thousands) of risks and mitigations
- Well-defined probabilistic risk thresholds can be used to frame overall risk
Preference Risk Preference Library is an object-oriented library .NET modern computer-based risk analysis designed as a server-side package able to handle large volumes of transaction
