Quantitative / Statistical Analysis of Risk Exposure

IRISIntelligence incorporates the industry standard statistical analysis tool, @RISK.  This tool allows you move beyond single point estimates of likelihood and probability towards a robust assessment of your risk exposure to a pre-determined level of statistical confidence.

The limitation of such statistical analysis in the past has been that these systems have been too complex for many in the organisation to understand.  However, the unique way in which IRISIntelligence combines qualitative assessments and statistical analysis ensures that organisations can benefit from a widely accepted and understood risk management tool together with a leading edge risk analysis tool for an accurate assessment of risk exposure. 

This leads to more effective budgeting, the ability to communicate the value of risk management and the ability to determine your return on investment from risk mitigating activity.  Contact us for a demonstration or attend one of our regular webinar series for more information.

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The Quantitative Analysis includes:

• Full integration of the industry leading Monte Carlo Engine, @RISK
• Robust assessments of your risk exposure in terms of cost or days lost, rather than a qualitative assessment
• Understand your risk exposure for the organisation, a department or an individual project
• Determine the Return on Investment of your risk mitigating actions 
• Integrate risk analysis with an end to end risk management system used by all
• Gain the best of both worlds through an easy to understand system for the extended user base combined with robust analysis for the statisticians
• Integration with qualitative assessment reduces time spent on data collection
• Three point estimates of impact and at least 1000 iterations of each scenario as standard
• Select from over 30 statistical distribution models
• Significantly enhance the risk maturity of extended resources within the organisation

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• IRIS Expert