Specialized Techniques for Risk Analysis

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Risk analysis is a form of risk assessment that is used in the context of Governance, Risk and Compliance (GRC). It is a process that involves assessing and identifying the risks associated with an organization’s activities and operations, along with identifying the potential consequences of these risks. Risk analysis is a key component of GRC, as it helps organizations to identify and address potential risks before they can cause damage.


Risk analysis can be performed using various specialised techniques. This video explains the advantage of adopting a particular risk assessment framework or technique. It also briefly goes over different risk assessment techniques, such as Monte Carlo, root cause analysis, and decision trees. These techniques can be used to identify, assess and manage potential risks, helping to ensure organizational compliance and reduce potential losses.