BNET Business Dictionary
Business Definition for: Risk Analysis
- the identification of risks to which an organization is exposed and the assessment of the potential impact of those risks on the organization. The goal of risk analysis is to identify and measure the risks associated with different courses of action in order to inform the decision making process. In the context of business decision making, risk analysis is especially used in investment decisions and capital investment appraisal. Techniques used in risk analysis include sensitivity analysis, probability analysis, simulation, and modeling. Risk analysis may be used to develop an organizational risk profile, and also may be the first stage in a risk management program.
Additional Resources
- Benchmarking Risk Analysis Practice In The International Water Sector
- Risk analysis in the water utility sector is fast becoming explicit. This paper describes application of a capability model to benchmark the risk analysis maturity of a sub-sample of eight water utilities from the USA, the UK and Australia. Our analysis codifies risk analysis practice and offers practical guidance as...
- White papers 2006-09-12
- Project Cost Risk Analysis Using Crystal Ball-1
- The typical project often overruns its cost estimate. Overruns are common on government and commercial projects, even when changes in the design are taken into account. One reason this happens is because cost estimating traditionally fails to take into account the risk that the work will actually cost more (or...
- White papers 2003-01-01
- Portfolio Credit Risk Analysis Involving CDO Tranches
- Credit risk analysis for portfolios containing CDO tranches is a challenging task for risk managers. The paper proposes here a basis function approach for CDO tranche valuation and portfolio risk analysis at horizon, based on a multi-step Monte Carlo simulation model. The idea is to approximate the expected value of...
- White papers 2004-11-11
- Risk Analysis And Control: Vital To Records Protection: Identifying And Preventing Risk
- Risk analysis determines and evaluates the exposure of vital records to specific risks. Its outcome provides the basis for protection planning and other records management decisions. A thorough risk analysis begins with the identification of threats and vulnerabilities to which vital records are exposed. Once identified, threats and vulnerabilities can...
- White papers 2005-09-01
- The Use of Risk Analysis by the U.S. Army Corps of Engineers
- The Corps of Engineers has used risk analysis techniques and ideas for many years. It has only been in the last decade, however, that risk analysis methods have been explicitly integrated into decision making. This integration has provided the risk-cost and risk-net benefit tradeoffs, and distributions of net benefits. These...
- White papers 2001-10-30
- Comparative risk analysis: limitations and opportunities
- Comparative Risk AnalysisComparative risk analysis CRA is a policy application of risk analysis designed to provide a framework for systematically evaluating risk reduction programs and budgets for the purpose of ascertaining whether different approaches or different priorities might go further or faster to produce environmental improvements. In short, CRA attempts...
- Research articles 1996-06-01
- Risk Analysis
- From the executive summary: ‘Most organizations have faced many challenges in dealing with safety, health, and environmental risks. The recent terrorist activities have only made the matters worse for organizations. Experts suggest that risk analysis requires scientists and engineers to undertake assessments to characterize the nature and uncertainties surrounding a...
- White papers 2003-01-01
- Quantitative Risk Analysis for Project Management: A Critical Review
- This paper is the final report of the RAND Internal Research and Development (IR&D) project "Risk Management and Risk Analysis for Complex Projects: Developing a Research Agenda." The aim of the project was to survey how quantitative risk management and risk analysis methods were applied to the planning and execution...
- White papers 2004-02-01
- Risk Analysis
- Risk analysis is an important discipline for assuring the safety, reliability and quality of products and processes. It is also an area subject to increasing regulatory pressures. This article discusses and compares the two most widely used tools for risk analysis. It talks about "desktop" or "blackboard" structured methods that...
- White papers 1998-10-01
- Whether to Strengthen?: Risk Analysis for Strengthening Decision-Making
- Based on recent practical experiences, this paper suggests that a relatively simple risk analysis combined with an equally straightforward structural failure analysis can be used to identify whether such structures are unsafe and constitute a risk to life; such an analysis can also identify both priorities for strengthening among a...
- White papers 2005-03-17
- Risk Analysis & Risk Management: Evaluating And Managing The Risks You Face
- Almost everything we do in nowadays' business world involves a risk of some kind: customer habits change, new competitors appear, and factors outside your control could delay your project. But formal risk analysis and risk management can help you to assess these risks and decide what actions to take to...
- White papers 2008-01-01
- Schedule Risk Analysis Simplified
- The critical path method CPM of scheduling a project is a key tool for project management. A schedule "network" represents the project strategy. CPM computes the shortest project completion duration and or completion date from the longest path through the network. Three steps to a successful schedule risk analysis are...
- White papers 2003-01-01
- Oil-Spill Risk Analysis: Cook Inlet Planning Area, OCS Lease Sales 191 and 199
- Because oil spills may occur from activities associated with offshore oil exploration, production, and transportation resulting from these lease sales, the Minerals Management Service MMS conducted, a formal oil-spill risk analysis OSRA to support the environmental impact statement EIS completed prior to conducting the proposed leasing of this area. This...
- White papers 2003-10-29
- International Conference and Workshop on Risk Analysis in Process Safety Proceedings
- FROM THE AIChE BOOK`SHELF International Conference and Workshop on Risk Analysis in Process Safety Proceedings - Center for Chemical Process Safety - 808 pages, hardbound - AIChE Pub P-86, ISBN 0-81690737-4 - $80 for members in North America; $112 for other members AIChE's Center for...
- Research articles 1998-01-01
- BARRA Releases Real-Time Risk Analysis Tool
- BERKELEY, Calif.--BUSINESS WIRE--Feb. 6, 1996--BARRA Inc. (NASDAQ:BARZ) today announced the release of a real-time equity portfolio risk analysis tool, RiskcasterTM Real-Time 3.0.Riskcaster Real-Time 3.0 works with BARRA's US Short Term Risk Model, providing an interface to a real-time feed, allowing prices and portfolio risk characterization to be updated on demand...
- Research articles 1996-02-06
- BARRA beta tests Windows portfolio risk analysis software
- BERKELEY, Calif.--BUSINESS WIRE--Dec. 14, 1994--BARRA Inc. (NASDAQ: BARZ) Wednesday announced that its new Windows-based equity portfolio risk characterization and optimization software, The Aegis System, is in beta testing. The Aegis System is scheduled to be released next year. "Aegis is a powerful integrated software...
- Research articles 1994-12-14
- BARRA Releases Portfolio Risk Analysis Software in Windows
- BERKELEY, Calif.--BUSINESS WIRE--July 17, 1995--BARRA Inc. (NASDAQ:BARZ) today released its new Windows-based equity portfolio risk characterization and optimization software. The BARRA Aegis System.The BARRA Aegis System is an interactive, Windows-based set of tools that helps equity money managers and plan sponsors to assess risk/return tradeoffs and to fully utilize...
- Research articles 1995-07-17
- Sunk Cost and Free Riding Justifications - A Risk Analysis Approach
- This paper, through risk analysis methodology, addresses two popular arguments against extending the scope of exception to copyright in digital environment: the sunk cost argument and the free riding argument. It concludes that while both arguments are legitimate, they were built upon many doubtful assumptioscial vrants). Even when free riding...
- White papers 2003-06-03
- Fuzzy Based Decision Support System For e-Tourism Investment Risk Analysis
- This paper presents a Fuzzy based Decision Support System DSS for E-tourism investment risk analysis. In general term, E-tourism is the use of Information And Communication Technology ICT in tourism which may allow operating tourism in least variable cost, least time and increasing work efficiency. It is worth noting that...
- White papers 2006-10-29
- U.S. Army Combat Readiness Center to Enhance Risk Analysis with SPSS
- CHICAGO -- SPSS Inc. (NASDAQ:SPSS), a leading worldwide provider of analytics software, today announced that the U.S. Army Combat Readiness Center CRC, has purchased SPSS predictive analytics software to enhance risk analysis. By implementing SPSS technology, the CRC will be able to identify trends within risk-related data, improving the Center's...
- Research articles 2005-10-03
