Developed by Business Risk Strategies Group Leader Dr Adrian Bowden, the RISQUE method calculates risk in financial terms. Complex data is translated into expressions of financial impact, so that you can formulate strategies for risk minimisation and off-sets, make sound business decisions and so guard against risk.

Using a systematic procedure that deliberately focuses on uncertainty in the calculations, the strategic risk team gathers information about your situation from your most knowledgeable employees and advisors. This panel considers all the risk issues, from the probabilities of occurrence to the potential cost outcomes. Using this information, risk and exposure profiles are then developed from which you can produce a prioritised strategy of risk management.

Using the RISQUE method of assessment will help you:

• Gain a clear understanding of strategic and business risk
• Clearly demonstrate due diligence
• Defend risk management actions and plans
• Carry out cost effective risk management actions
• Translate complex risk information into financial terms
• Develop a sound basis for financial and regulatory negotiation
• Demonstrate an auditable and transparent risk management process
• Perform a rational assessment of options whether project, divestment or purchase