Computer Risk Evaluation System for Strategic Planning Uncertainty
Find Innovative SolutionsGenerate Solutions
Solution Overview
Problem
Existing methods for strategic planning and risk evaluation in enterprises lack effective tools to quantify and manage uncertainties and risks impacting key performance indicators, leading to potential financial and operational challenges.
Innovation Solution
A computer-implemented system and method for risk evaluation that assigns risks to objects with estimation-values, receives risk estimation-values, and recalculates the object estimation-values using these inputs, allowing for the consideration of uncertainties in strategic planning and other applications.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If traditional strategic planning methods are used, then planning processes are simple and easy to implement, but they cannot effectively quantify and manage uncertainties and risks impacting key performance indicators
Solution Approach 1:
The system segments risk evaluation into distinct components: risk identification module, risk assessment module, and integration module. Each module handles specific aspects of risk analysis, allowing complex risk evaluation to be broken down into manageable segments that can be processed systematically while maintaining overall system reliability
Solution Approach 2:
The patent introduces an intermediary risk assessment layer between traditional strategic planning and key performance indicators. This intermediary layer quantifies uncertainties and translates them into actionable risk metrics, enabling effective risk management without directly complicating the core planning processes
2Measurement precision
If risk evaluation is integrated into strategic planning, then decision-making quality improves, but the complexity of the planning process increases
Solution Approach 1:
The system performs preliminary risk identification and assessment before final strategic decisions are made. By evaluating risks in advance and integrating them into the planning process early, the system enables more precise risk quantification without adding complexity to the final decision-making stage
Solution Approach 2:
The patent implements feedback mechanisms where risk assessment results are continuously integrated into strategic planning outcomes. This feedback loop allows decision-makers to adjust plans based on quantified risk metrics, improving measurement precision while managing process complexity through iterative refinement
Data Source
AI summary
Methods, systems and computer products are provided for risk evaluation. A computer may assign a risk to an object which has an object estimation-value. The computer may also receive a risk estimation-value for the risk. The computer may re-calculate the object estimation-value based on the risk estimation-value.