Return on Investment Calculations

Using the unique integration of a statistical risk analysis tool into an end to end system, IRISIntelligence is able to demonstrate the Return on Investment generated by risk mitigating activity.

The Monte Carlo engine is combined with an assessment of the costs associated with risk mitigation in order to understand the "bang per buck" generated by each mitigation, either in terms of financial cost or days saved.

This unique feature enables users to prioritise their activity and provides ideal management information by demonstrating the benefits of risk management in the past, or the additional value that can be created by releasing additional funds!

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The Return on Investment Calculations include:

• Prioritise risk management activity based on robust statistical analysis of the most significant risk or the actions that will generate the most "bang per buck"
• Return on Investment calculated based on cost and days saved in a project schedule
• View historic performance to demonstrate the value of risk management in the past and evaluate previous estimates
• ROI calculations at project, program, department, division or organisational level
• Communicate the value of risk management in terms that the entire organisation can understand
• More effective budgeting meetings due to clear and concise Management Information
• Identify risks that merit additional review or assessment
• No wasted time on elements of the model that do not have a material impact on the organisation, project or department
• Instant export of analysis to Excel or PowerPoint for communication with Senior Management

Featured in Versions

• IRIS Expert