Different methods for analyzing risk

A company can choose between various methods for analyzing risk. These are categorized into five different groups.

There are numerous methods for evaluating risks, which are categorized into five groups:

  • Techniques for creativity: brainstorming, Delphi method, morphological matrix
  • Analyzing scenarios: root cause analysis, failure and mistake analysis, worst-case scenario analysis
  • Indicator analysis: Critical Incident Reporting Systems, Change-Based Risk Management
  • Hazard analysis: FMEA, hazard analysis, HAZOP, HACCP
  • Statistical analysis: standard deviation, confidence interval, Monte Carlo simulation

Last modification 27.02.2020

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