Ø CASE France Ø Services & consulting Ø Events & Press Ø Information request Ø Contact Ø Search

 

Solution: Envision Risks for Business

Analyze, manage, develop and capitalize on your risk analysis

Operational and financial risks

Risks on the processes and activities of organizations: Financial - Real Estate - Health ...

The method is based on the mapping of process and activities of organizations whose failures can cause risks with financial consequences, delays, deterioration in quality, image and so on.
Operational risk means the risk that the organization, its players and the external environment pose to the organization (bank, real estate etc.)

See: Operational and financial risks models

Risk analysis: an issue beyond the banking sector
Standardization work carried out in the banking sector have brought up to date the concept of operational risk. If this risk by itself is not new, changes in banking regulations replace it as a primary concern through the standards commonly known as "Basel II".

Click on image to enlarge the operational and financial risks models

The Basel II Committee conducted a quantitative analysis of these risks on a hundred of schools: the results indicate the frequency and cost of high operational incidents. They generate an average of nearly 90 million euro loss. A more detailed analysis shows that if the higher claims are also better covered (fire, water damage), it is finally the diversity of risks not covered that explains the importance of the final cost

Under the circumstances, the risk analysis can be done independently of any prior mapping or integrated with the mapping of business processes with Envision Process.

Documentation and prices

see also

puce General and technical risks analysis
puce IT risks analysis

Solution key points

  • Original methodology, validated and taught in High School
    Since many decades the method was tested in critical projects: Especially in the nuclear power and military industries
     
  • Generation of risk scenarios
    To identify new risks and to determine their genesis
     
  • Allows reduction of the effects of Unwanted Events (U.W.E.)
    Qualification and quantification of barriers, actions to be implemented, in order to minimize or remove the consequences of unwanted events
     
  • Evolution and historic management
    Automatic and hierarchical recalculations of numerical data after each modification: probabilities, costs, covering rate etc.
     
  • Increase analysts added value
    Automatic generation of the risks management documentation plan, with company standard formats (Word/Excel/HTML)
     
  • Hoarding, valorization and traceability
    Creation of a centralized risks data base with multi users access, capitalizes the effort and allows to re-use risks analysis and to share a unique definition
     

  • Evolution and flexibility
    At any moment you can completely reconfigure the tool to add new sights, new diagrams or to integrate new external tools

Information leveraging solutions
tailored to each enterprise and its projects.
In France since 1989

Pages trouvées

IT Risks analysis model

Envision Risks IT includes two phases:

  • The mapping of IT applications and systems (possibility of recovery if already done)
    This is the starting point of the risks analysis. It is a graphical representation of IT applications, systems and networks.
     

  • Risk analysis on the IT applications, systems and networks

    • Search for sources of hazard on the IT applications and technical systems diagrams by crossing with the typology list of risks

    • Qualitative and quantitative definition of risk. Risk = Hazard * Frequency (probability) * * Acceptability Severity (consequences)

    • Establishment of technical barriers and procedures on events, with qualification and quantification (coverage, cost, cost of the target) to make the risks acceptable. Monitoring the impact of barriers on the criticality of risk G * P (* Gravity Probability). Analysis of new risks possibly caused by the barriers themself, to get the residual risk.

    •  Barriers performance management: cost of the barrier / Performance (coverage) / Cost of the target.

    • Negotiating levels of criticality and ranking risks. Monitoring the evolution of criticality in relation to a target.

    • Archiving incidents and corrections made in the process - activities - barriers. Continuous reclassification of risks criticality following the recorded incidents analysis (management feedback integrated).

    • Automatic generation and real-time up to date actions plan (barriers), dashboards and so on. Depending on your format: HTML / Word / Excel or  Internet / Intranet publication

Click on image to enlarge

Business domains of the enterprise
Domain's IT applications and hazards (risks)
Entity's technical systems and hazards
Hazard's failure tree of an IT application or a technical system
Close

CASE France copyright - 05/01/2016