Risk simulation and assessment tool

US10592838B2 · kind B2 · utility

Assignee

• KPMG LLP · US

Inventors

• Andrea Urban · Stuttgart, DE
• Pradeep Pai · New York, US
• Lawrence Raff · New York, US
• James P. Schneider · Raleigh, US

Key dates

• Filing date: Oct 18, 2018
• Grant date: Mar 17, 2020
• Expiry date: Oct 18, 2038

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q10/0875
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A risk simulation and assessment tool may enable a user to select scenarios and risk factors associated with a selected scenario. The risk factors may be defined by risk factor characteristics along with links that define connectivity or interconnectedness to other risk factors. The risk factor characteristics may also include impact, velocity, and likelihood. The tool may provide for a simplified way to create a computerized network map that includes the nodes of risk factors associated with each of the scenarios. The computerized network map may be displayed and dynamic adjustment may be available to the user. A simulation using the computerized network map may also be executed as defined by the risk factor characteristics, thereby enabling a user to determine how operations of an organization may be impacted by changing events that may occur in regions in which physical operations of an organization of the user exist.