IREX 1.0
Implementation Process
The full power of IREX is achieved through a customised risk model for your company. This encapsulates intelligent risk models that will help you leverage off unified corporate knowledge when identifying and analysing risks.
IREX intelligent risk models can be optimised to incorporate your specific risk management policies and meet your evolving business requirements. In addition, these models capture the interdependencies between risk types and allow you to propagate the effects of residual risks using Bayesian Belief Network (BBN) and Analytic Hierarchy Process (AHP) methodologies. IREX uses the BBN and AHP models to derive likelihood and consequence values of risks respectively.
The next steps
Our consultants will work with your risk and project managers to ascertain your organisation's relevant risk profiles and policies and they will prepare a brief report that outlines the work involved in creating a customised risk model to suit the activities of your organisation.
The assessment takes approximately 5 working days and a fee applies for this service. For more information please send us an email .