Patent Document ID: 8224690
Application ID: 11956126
Patent Flag: 1

Claim One:
1. A computer-implemented method for computing the risk of pre- and post-project incidents embodied in a non-transitory computer usable medium having computer readable program code stored therein, that when processed by a computer processor causes the processor to execute the method comprising the steps of: collecting incident data; collecting comparative industry performance data; computing total loss for pre- and post-project incidents; computing a frequency of the pre- and post-project incidents; computing a severity of the pre- and post-project incidents; computing a risk of the pre- and post-project incidents using the frequency and severity of the pre- and post-project incidents; and generating of a frequency-severity framework with iso-risk curves, wherein generating a frequency-severity framework with iso-risk curves comprises generating industry performance iso-risk curves based on comparative industry performance data.