Management Products, Training & Facilitation Services: Innovation at Work
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Help: Risk Network Analysis
Risk Managenable® Spreadsheet Software Tools Help for the tool Risk Network Analysis

     

 

Enterprise Risk Management software solutions tools, training courses, facilitation, help

Overview

Explanations

Next Step

Enterprise Risk Management software solutions tools, training courses, facilitation, help

Educational Risk Management, Risk Assessments and Risk Analysis software solution tools as Microsoft Excel® add-in for training beginners and experienced practitioners, and improve their skills

Enterprise Risk Management software solutions tools, training courses, facilitation, help

 

****   This Risk Management software solution is intended
to support your learning experience,
to get you started, explore & experiment,
     to help you improve your ongoing practice   ****

 

Download

 

 

 

 

Overview of this Enterprise Risk Management Software Tool
in Risk Managenable® Spreadsheet Software Solutions

 

Editions
where available

Risk Management Software Professional Edition box Risk Management Software Basic Edition box Risk Management Software Free Edition box

Compare Editions

Module
where found

Risk Management Software Module Focus on Risk

Module Overview

Module Tools Help

Capacity

100 risks in the Professional and Basic editions
10 risks in the Free edition

Prerequisites

Mandatory:

Optional:

  • None

Goal

Analyze risk interconnections or risk networks

 

 

 

Explanations for this Enterprise Risk Management Tool
in Risk Managenable® Spreadsheet Software Solutions

 

Why this tool exists

This tab exists primarily to analyze risk interconnections or risk networks.

Risk interconnections can be analized from many point of views. For instance, you can analyze the number of risk connections a risk may have coming in and going out, you can analyze the influences a risk receives in and gives out, you can analyze how a risk contributes to the risk network, you can analyze the dynamics at play for a specific risk, and so on.

This tab aims to provide all the risk interconnections analysis or risk networks analysis you may need.

 

Download the latest risk software that includes the tab with this tool:

Download

 

 

What data you have to input

There is no data input requirements in this tab. All data input is done in the Risk Network Settings tab.

 

What you must pay attention to

This tab contains tens of meaningful automated outputs for each Risk ID, which can greatly help you analyze your network of risks.

Several distinct sections are available, each focused on a specific facet of risk interconnections or risk network analysis:

  • Risk Network Connections

    This is an analysis of the count of risk connections coming in and going out of the ID of Risk for each row. The status of connections provides a useful overall summary.

     

    Example of Risk Network
    Connections Analysis
    in risk management software solutions

    Risk Management software solutions: Example of Risk Network Connections analysis

    Click to enlarge

     

  • Risk Network Influences

    This is an analysis of the sum of risk levels coming in and going out of the ID of Risk for each row. The levels taken into account are the risk levels after relative correction to adjust the influence to the risk tolerance of the objective threatened by the Risk ID of the row (for more information, please refer to the help page for the Risk Network Settings tab). This analysis is automatically performed for likelihoods and impacts of inherent, acceptable and residual risk states.

     

    Example of Risk Network
    Influences Analysis
    in risk management software solutions

    Risk Management software solutions: Example of Risk Network Influences analysis

    Click to enlarge

     

  • Risk Network Contributions

    This is an analysis of the combination of the count of risk connections and the sum of risk influences for the ID of Risk for each row. The combination of risk connections and risk influences leads to 11 possible risk profiles, with only one applicable at any time to a Risk ID.

    These risk profiles are meant to summarize the contribution of the risk to the network. This is a great way to quickly estimate what a Risk ID is all about within a risk network with regard to other risks. This risk analysis is automatically performed for likelihoods and impacts of inherent, acceptable and residual risk states.

     

    Example of Risk Network
    Contributions Analysis
    in risk management software solutions

    Risk Management software solutions: Example of Risk Network Contributions analysis

    Click to enlarge

     

  • Risk Network Dynamics

    This is an analysis of risk gaps for the ID of Risk for each row, within the context of a risk interconnections or risk networks (for more information on risk gaps, please refer to the help page for the Risk Register tab).

    The risk analysis aims to help ascertain the implicit effectiveness of controls in the context of risk networking. It can also be used to ascertain how the influence of a risk within a risk network changes depending on his state (i.e. inherent, acceptable or residual), and therefore review or preview how the controls on such a risk actually leads or would lead to change the influence of the risk within the risk network.

    In essence, this is a simple yet powerful risk analysis that shows how the risk network profile changes depending on controls (i.e. lack thereof, intended and applied).

     

    Example of Risk Network
    Dynamics Analysis
    in risk management software solutions

    Risk Management software solutions: Example of Risk Network Dynamics analysis

    Click to enlarge

     

 

 

Further risk management explanations

Further in-depth explanations on the mechanics at play, their rationale and what their meaning are for your enterprise risk management practice will be available very soon in our upcoming:

  • Risk Management training guide books
  • Risk Management training courses online

They will provide further details on the copyrighted training methodology developed by Jacques Bernizan and upon which our risk management software tools and risk management training courses are built-up. We can inform you when they are available:

Be Informed

 

 

 

37 Tools Risk Help Risk Management Software Solutions logo for Risk Managenable® Spreadsheet Softwares Awards and Certificates given to our Enterprise Risk Management Assessment software solutions, Risk Analysis and Risk Tools

 

Transition

 

 

Next Risk Management Step
in Risk Managenable® Spreadsheet Software Solution Tools

 

Your next step will vary depending on the reason why you ended up on this tab, and depending on the risk management maturity of the organization. Here are some suggestions:

 

 

Risk Tools & Modules Help

 

 

 

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Modules Fact Sheet Download  
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Risk Management Software Solutions logo for Risk Managenable® Spreadsheet Softwares    Awards and Certificates given to our Enterprise Risk Management Assessment software solutions, Risk Analysis and Risk Tools