The Cambridge Centre for Risk Studies provides a quantitative risk management framework to identify, assess, and manage the most critical risks facing an organization. Our approach embeds over a decade of influential academic research and is used today by a range of global corporations to inform their risk management strategies.
At the heart of our approach are scenarios identified from the Centre’s taxonomy of business risks. Each scenario is a well-researched projection of how a future event might play out, from a ransomware cyber attack to a new wave of pandemic. These scenarios are selected from the six categories of risks in the Cambridge Taxonomy of Business Risk:
Each scenario is mapped to a business’ digital twin – a digital representation of an organization’s commercial and physical footprint. This enables the impact to a corporate’s balance sheet to be accurately calculated. Outputs include EarningsValue@Risk for a business providing an objective method for benchmarking principle and emerging risks and guiding risk management decisions.
- Define a corporate risk register
- Inform risk mitigation strategy planning
- Track exposure to critical risks over time
- Inform key internal and external stakeholders (incl. investors)
For more information including the full list of business risks please log into the Cambridge Business Risk Hub for more details.