Risk Analysis

Handle Uncertainty | Identify Sensitivities | Determine Thresholds

Anticipate the risks associated with potential decisions and current situations to proactively build resilience and avoid reaching your business thresholds

Quantify Risk

Create thousands or even millions of scenarios using Monte Carlo simulation to explore the likelihood of all potential outcome under different variations of assumptions.

  • Run risk simulations to automatically calculate confidence intervals for uncertain outcomes
  • Calculate and compare the degree of risk in alternative scenarios
  • Easily compute advanced risk indicators like Value at Risk
  • Quantify the reliability and robustness of your strategic forecasts

Compare Scenarios

Use hierarchical scenarios to evaluate and compare the outcome of compound or sequential decisions and events.

  • Analyze risk in different developments of the situation
  • Model sequential risk events and responses
  • Divide risk exposure by short term and long term
  • Cary stress testing with increasing levels of severity

Discover Sensitivities

Reveal all the factors that your target outcome depends on and evaluate the degree to which it is sensitive to changes with automated sensitivity analysis.

  • Automatically identify the key risk drivers for a target outcome
  • Uncover where risk mitigation investments is most needed
  • Assess the potential cost of different risk factors
  • Identify areas of high sensitivity to uncertainty in your strategic plan

Assess Impact

Identify, assess, and manage the risks associated with a given activity or event with probability/impact analysis.

  • Categorize risk by probability and severity of impact
  • Include time and other dimensions in risk matrices analysis
  • Prioritize changes that concurrently address multiple risks
  • Track risk changes over time or as the result of new decisions

Risk analysis is fully integrated with other powerful capabilities for a holistic approach to future-proofing your decisions

Calculate the Odds of Success

When assessing the outcome of any decision, it is important to consider not only the potential benefits and costs that may arise from it, but also the probability of it succeeding in light of different internal and external forces. It is critical to have an understanding of the effect of its failure on the overall business. Strategic failures are critical because they could lead the business beyond its pain tolerance threshold, resulting in long-term setbacks and even permanent damage.

This makes quantitative risk measures like confidence intervals and value at risk (VaR) an important part of a comprehensive strategic plan, as it allows you to accurately assess the potential risks associated with your decisions, calculate the chances of success, and determine what will failure entail. This will enable you to properly weigh the risk of any given decision against its potential reward before commit to an action. In addition, you will be in a better position to anticipate potential problems that may arise, allowing you to prepare for them in advance and increase the chances of success.

Using Vireton Foresight’s Strategic Risk Management capabilities, you will be in a better position to pinpoint the exact areas of the plan that could be optimized in order to ensure greater success. You will also be able to reveal any gaps in the plan, and allow for corrective measures to be taken to fill those gaps or limit the severity of an undesirable outcome.

Vireton Foresight is a collaborative, infinitely flexible, and powerful

Decision Analysis Software