Risk Analysis
The BWise Governance,Risk and Compliance (GRC) platform holds a lot of valuable information. The BWise Risk Analysis component helps make this information more quantitative and more actionable. It helps business managers develop the business case behind their complex business decisions.
Risk analysis
Based on the losses and incidents recorded in BWise, BWise Risk Analysis is capable of deriving statistically correct Loss Distributions. These can be used in the analyses of future events. Additionally, BWise Risk Analysis helps companies to conduct Scenario Analyses, looking into best, expected and worst case scenarios. The results of these scenario analyses may also be used to analyze future strategy in conjunction with the information from the past.
VAR
Knowing what the Value at Risk (VaR) is for a corporation, or a part of that organization, is of high value. It helps senior management to make decisions, set priorities and drive business value. BWise Risk Analysis helps companies by combining a Loss Distribution approach together with Scenario Analyses to run Monte Carlo simulations. The results of these simulations are an accurate calculation of the Value at Risk (VaR) for that corporation, or that part of the organization. By changing the scenarios, senior management can determine which strategy will work best for them.
