Preference Business Risk Library (PBRL)

The Preference Business Risk Library (PBRL) for operational risk analysis, risk quantification, and evaluation of mitigation strategies:

• Project risk evaluation
• Opportunity risk evaluation
• Assess risk costs in relation to existing business KPIs
• Identify most efficient mitigation plans
• Identify critical risk factors
• Frame the risk by thresholds
• Calculates a “Risk Cost” as can be aggregated at selected levels; Project, Customer, Area, Country, etc.

• PBRL allows interval valued estimates of probabilities, risks, and consequence values
• PBRL allows rankings of likelihoods, consequences, and objective importance as well as identifying the best option
• PBRL Contains state-of-the-art algorithms for aggregating and evaluating a large number of risks

Features of PBRL

• Risks associate with mitigations
• Identify efficient mitigations based on their cost and effect
• Identify Risks that contribute the most to the overall risk
• Mitigations can have an impact on the risk cost, risk probability, or both
• Risks associated with different organizational or business units
• Aggregate a large number (thousands) of risks and mitigations
• Well-defined probabilistic risk thresholds can be used to frame overall risk

Preference Risk Preference Library is an object-oriented library .NET modern computer-based risk analysis designed as a server-side package able to handle large volumes of transaction