Patent ID: 7769684

Claim:
A computer-implemented project risk assessment method comprising: a computer receiving and storing project data, wherein said project data defines the net present value (NPV) of a project over a time period; said computer identifying a plurality of project risks using said project data; said computer, for each of the project risks, defining an impact to the NPV and a probability of occurrence; said computer continuously prioritizing each of the project risks in real-time according to the risks' respective impacts to NPV and probability of occurrence; said computer continuously selecting the project risk with the greatest priority in real-time; said computer planning a response to the selected project risks; said computer monitoring said project and said response in real time; said computer generating: an avoided risks total impact figure based on the risks avoided by adopting the response; an expected risks total impact figure based on the risks expected by adopting the response; and a total benefit for the project, the total benefit being calculated by subtracting the avoided risks total impact figure from the expected risks total impact figure; and said computer generating a risk prioritization matrix and categorizing the risk within a region of the risk prioritization matrix based on the NPV and the probability of occurrence, wherein the response is based on the region where the risk is categorized.