SYSTEM AND METHOD FOR OPERATIONAL
RISK ASSESSMENT AND CONTROL

Patent # 7,593,859
Patent Filed: Oct. 8, 2003Date of Patent: Sep. 22, 2009


SUMMARY OF INVENTION

This invention provides tools and systems to facilitate operational risk assessment, prioritization, mitigation and control activities, and the tracking of all of the above, in an organization or enterprise. In some embodiments, risk assessment activities can be used to create a risk meta-model, which characterizes various risks in a consistent way across an organization. In some embodiments, the invention may be attractive to organizations where operational risk assessment, prioritization, and mitigation activities are monitored across a large enterprise through a central governance process. However, the principles of the invention can be applied to small businesses, non-profit organizations, volunteer and educational organizations, partnerships, and any other organization of any size.

INVENTORS
Jennifer B. Owens, Charlotte, NC (US);
Jacob Firestone, Martinez, CA (US);
Edward T. Hawthorne, Fairfield, CA(US);
Joseph L Valasquez, Charlotte, NC (US);
David Hadd, Charlotte, NC(US);
Bradley A. Yee, South San Francisco, CA (US