What is Risk insights?
Risk Insights Explorer provides you with a clear view of your risk landscape, an interactive map of the connections between risks, the potential timing of risks, and how outside trends could impact your risk profile.
Put simply, Risk Insights Explorer asks the right questions and presents back in an engaging and insightful way. All the insight comes from your team, using your risk taxonomy. So now instead of seeing your risks in isolation, you get to see the big picture.
Risk Insights Explorer is built on the following concepts and values:
Simple: Simplicity is a key design principle, which means you can produce a complete risk model in under 60 minutes. We take a simple scenario approach to estimating that enables everyone to model their risks by answering simply structured questions. This simple approach to modelling directly links risks with objectives, so enabling informed decision-making.
Informed Decisions: Explorer embraces uncertainty, hugs ambiguity and tweaks the nose of variability! Explorer identifies and focuses on the risk factors that matter Calculations are transparent with result presented as a statement of plausible expected value within within a range of upper and lower limits.
4D analytics uses ranges to obtain impact estimates in terms of cost or time which is simple, plausible, and free of bias. Explorers iterative approach facilitates learning and insight, while constructive complexity is achieved through the use of composite risks.
Visual: Present your data as visually-stunning interactive graphs and maps. Explorer is a unique tool which identifies and assesses the connections between risks. You can explore significant risk interrelations, identify influential risk events, and appreciate the ripple effects of decisions. Our focus on risk visualisation means you have a choice of graph options which are powerful and insightful.
Practical: Explorer users need no technical skills nor a background in risk theory to be able to model risks quickly and transparently. Explorer’s simple approach can be used to estimate and evaluate uncertainty against business goals whether for strategy development, horizon planning, or project estimates.
Connected: At Risk Insights we take a Holistic view, seeing complex systems like economies, organisations, or major programmes of work, as a series of interconnected sources of uncertainty. Using advanced graph algorithms and 4D analytics, Explorer makes it possible to see and make sense of the connections between risks within even the most complex project or organisation.
Explorer is very user-friendly: easy to understand and to use. Everything is built for ease of use from the user perspective. The results are immediate supported by visuals which are highly innovative yet intuitive.
It’s simply a more joined up view of your risk world.