This video provides an overview of the Resource Allocation section of the ManageXValue Risk Quantification solution. The ultimate goal for any business decision support, such as a Risk Quantification solution, is to enable users to allocate available, limited resources effectively. In the risk management context this means to maximize the risk mitigation benefit of the resources (e.g., budget, technical team hours, etc.) that can be allocated to investment alternatives. Investments may be funded in various years, they have different resource requirements, useful lives, and target various parts of an organization's risk landscape. This makes it more complicated to measure the overall Risk Mitigation over time and ultimately to get measures that focus on the return on the allocated resources.
Another important support for decision makers is to provides insights into not just the level of risk mitigation, but also illustrate how it is achieved, so more informed decisions can be made through increasing the confidence level of the decision makers around the results.