Dependency modelling is an important component in managing operational risk. Well-designed models allow you to understand inter-dependencies and set priorities and the points at which risk moves from low, to medium to high, so managers know instantly where there are areas to address and how critical they are.
We have a range of standard models, for example in a wide range of compliance areas, and the ISO quality standards.
We also design bespoke models for organisations. The process starts with a comprehensive analysis of the origination, or specific area/facility, running workshops with all those involved to fully understand the systems and processes involved, hard and soft.
We recommend to clients that they use our specialist dependency modelling software Riskenomics, which can manage multiple models for an organisation, simultaneously across a number of different areas of operational risk and in multiple sites across different regions.
– See more at: http://www.bscman.com/dependency-modelling#sthash.KXVV9CIn.dpuf