Probability assessment

Quantitative risk assessment software

Quantitative risk assessment (QRA) software and methodologies give quantitative estimates of risks, given the parameters defining them. They are used in the financial sector, the chemical process industry, and other areas. In financial terms, quantitative risk assessments include a calculation of the single loss expectancy of monetary value of an asset. In the chemical process and petrochemical industries a QRA is primarily concerned with determining the potential loss of life (PLL) caused by undesired events. Specialist software can be used to model the effects of such an event, and to help calculate the potential loss of life. Some organisations use the risk outputs to assess the implied cost to avert a fatality (ICAF) which can be used to set quantified criteria for what is an unacceptable risk and what is tolerable. For the explosives industry, QRA can be used for many explosive risk applications. It is especially useful for site risk analysis when reliance on quantity distance (QD) tables is not feasible. (Wikipedia).

Video thumbnail

QRM L1-1: The Definition of Risk

Welcome to Quantitative Risk Management (QRM). In this first class, we define what risk if for us. We will discuss the basic characteristics of risk, underlining some important facts, like its subjectivity, and the impossibility of separating payoffs and probabilities. Understanding the d

From playlist Quantitative Risk Management

Video thumbnail

QRM L2-1: Risk Measures

Welcome to Quantitative Risk Management (QRM). In this lesson we introduce the axiomatic approach to risk measures. We give the definition of risk measure and we discuss what its uses for us are in terms of reserve capital quantification. We then define coherent and convex measures. The p

From playlist Quantitative Risk Management

Video thumbnail

What is Plan Risk Response ? | Perform Quantitative Risk Analysis Tutorial

This video talks about: Agenda→Purpose and objectives of the perform quantitative Risk analysis process, Critical Success factors for the perform Quantitative Risk Analysis Process, Tools & techniques for the perform quantitative risk analysis process, Documenting the results of perform

From playlist PMI-RMP® Training Videos [2022 Updated]

Video thumbnail

QRM L1-2: The dimensions of risk and friends

Welcome to Quantitative Risk Management (QRM). In this second video, we analyse the dimensions of risk. Risk is in fact an object that we need to consider from different points of view, and that sometimes we cannot even quantify. We will also discuss the importance of statistical thinking

From playlist Quantitative Risk Management

Video thumbnail

Perform Quantitative Risk Analysis | PMI RMP® Training | PMI RMP®

PMI-RMP Training video This video describes : - The purpose and objectives of the perform quantitative risk analysis - Critical success factors for the perform quantitative risj analysis process - Tools and techniques for the perform quantitative risk analysis process - Documenting the re

From playlist PMI-RMP® Training Videos [2022 Updated]

Video thumbnail

Quantitative Risk Analysis | What Is Quantitative Risk Analysis? | PMI-RMP Course | Simplilearn

This video on Quantitative Risk Analysis will help you understand how to perform Quantitative RIsk Analysis, List the tools and Techniques required for the analysis.This Video will also help you in EMV analysis and Probability Distribution. #QuantitativeRiskAnalysis #WhatIsQuantitativeRis

From playlist PMI-RMP® Training Videos [2022 Updated]

Video thumbnail

Quantitative Risk Analysis | What Is Quantitative Risk Analysis? | PMI-RMP Course | Simplilearn

This video on Quantitative Risk Analysis will help you understand how to perform Quantitative RIsk Analysis, List the tools and Techniques required for the analysis.This Video will also help you in EMV analysis and Probability Distribution. #QuantitativeRiskAnalysis #WhatIsQuantitativeRis

From playlist PMI-RMP® Training Videos [2022 Updated]

Video thumbnail

Quantitative Risk Analysis | What Is Quantitative Risk Analysis? | PMI-RMP Course | Simplilearn

This video on Quantitative Risk Analysis will help you understand how to perform Quantitative RIsk Analysis, List the tools and Techniques required for the analysis. This Video will also help you in EMV analysis and Probability Distribution. 🔥Free Project Management Course: https://www.sim

From playlist PMI-RMP® Training Videos [2022 Updated]

Video thumbnail

Qualitative And Quantitative Risk Analysis Explained | Risk Analysis Techniques | Simplilearn

In this video on Qualitative and Quantitative Risk Analysis, we'll go into detail about how each of them work, how it's performed and the tools and techniques required to document it. 🔥Explore Our Free Courses With Completion Certificate by SkillUp: https://www.simplilearn.com/skillup-free

From playlist PMI-RMP® Training Videos [2022 Updated]

Video thumbnail

QRM L2-3: VaR and ES in R

Welcome to Quantitative Risk Management (QRM). In this lesson, we play with R to deal with VaR and ES. We show how to compute them empirically, but also in the case of normality. We then show that normality tends to underestimate tail risk, as observable in actual financial data. The pdf

From playlist Quantitative Risk Management

Video thumbnail

CISSP Security And Risk Management | CISSP Domain 1: Security And Risk Management | Simplilearn

🔥 Enroll for FREE CISSP Course & Get your Completion Certificate: https://www.simplilearn.com/learn-cloud-security-basics-skillup?utm_campaign=CCSP&utm_medium=DescriptionFirstFold&utm_source=youtube In this Simplilearn video on CISSP Security And Risk Management, we will be briefing you a

From playlist Cyber Security Playlist [2023 Updated]🔥

Video thumbnail

CISA Certification Training By Simplilearn | Live Virtual Class

Simplilearn’s CISA certification training is aligned to ISACA and ensures that you ace the exam in your first attempt. The training will enhance your understanding of IS audit processes and also help you understand how to protect information systems. 🔥Free CISA Course: https://www.simplile

From playlist CISA Training Videos

Video thumbnail

CISSP Full Training Masterclass In 3 Hours | CISSP Training Video 2022 | CISSP Tutorial |Simplilearn

🔥Advanced Executive Program In Cybersecurity: https://www.simplilearn.com/pgp-advanced-executive-program-in-cyber-security?utm_campaign=CISSP-i6vKjSa20iw&utm_medium=Descriptionff&utm_source=youtube 🔥Caltech Cybersecurity Bootcamp(US Only): https://www.simplilearn.com/cybersecurity-bootcamp

From playlist Cyber Security Playlist [2023 Updated]🔥

Video thumbnail

Free CISSP Training Video | CISSP Tutorial Online Part 1

🔥Advanced Executive Program In Cybersecurity: https://www.simplilearn.com/pgp-advanced-executive-program-in-cyber-security?utm_campaign=CCSP-JWqd_qaR81g&utm_medium=Descriptionff&utm_source=youtube 🔥Caltech Cybersecurity Bootcamp(US Only): https://www.simplilearn.com/cybersecurity-bootcamp?

From playlist Cyber Security Playlist [2023 Updated]🔥

Video thumbnail

CERIAS Security: Quantitative Risk Assessment of Software Security and Privacy 1/6

Clip 1/6 Speaker: Mehmet Sahinoglu · Auburn University at Montgomery, AL The need for information security is undeniable and self-evident. The pervasiveness of this critical topic requires primarily risk assessment and management through quantitative means. To conduct an assessment; repea

From playlist The CERIAS Security Seminars 2009

Video thumbnail

What is Value at Risk? VaR and Risk Management

In todays video we learn about Value at Risk (VaR) and how is it calculated? Buy The Book Here: https://amzn.to/37HIdEB Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle What Is Value at Risk (VaR)? Value at risk (VaR) is a calculation that aims to quantify the level of

From playlist Risk Management

Video thumbnail

PMI-RMP® Training Videos: Lesson 1 | Simplilearn

The Risk Management Course empowers you to develop knowledge and skills required to clear your PMI-RMP® exam in first attempt. Risk Management Professional certification demonstrates a professional’s specialization in assessing, identifying and controlling risks. This course will enable yo

From playlist PMI-RMP® Training Videos [2022 Updated]

Related pages

Machine ethics | Big data