ID

Lens

*QTY Models

Opportunity: Developing a model for assessing and managing risks that ...

1

Risk

2

(i) identify both the negative and positive impacts of risk, making these impacts a strategic factor for success; and

(ii) allow for the creation of response plans and strategies to transform the risk into competitive advantages in the market.

2

Risk management

7

address strategic, tactical, and operational issues; consider the company, enterprise, and market; and consider the values and preferences of those who are responsible for decisions.

3

Approach

7

adopt a constructivist perspective, develop this perspective, and apply the perspective to the same context to properly reflect the values and preferences of the decision maker and the context itself, which will be modified by the decisions taken.

4

Singularity

7

ensure that the decision maker considers the support tools for risk management to be representative of their values and preferences, creating alignment, consistency, and assertiveness in decisions.

5

Method for identifying risks

7

have the criteria identified according to the vision of the decision maker (values and preferences) regarding the decision context.

6

Independence

6

have an approach to the identification of criteria and the mapping of cause and effect that identify its dependent relationships or ensure its independence.

7

Axes of measurement

2

have axes of measurement that can simplify or facilitate the operation of the model.

8

Mensuration

-

have processes to transform ordinal scales into cardinal scales that consider reference levels and are conducted in accordance with the value judgments of the decision maker.

9

Integration

-

(i) establish an understanding of the contribution of each criterion to the overall assessment; (ii) recognize the need to measure the goals pursued by the decision maker and not the alternatives that are available to him; and (iii) recognize the need for reference levels for the decision maker to compare criteria.

10

Improvement

4

implement the proposed improvement actions with continuous monitoring of the consequences of these actions, creating the necessary foundations for the model to be used as a tool for risk management.