Evolve Your Approach to Risk Management

From management-by-colours to hard numbers

Seven key weaknesses of a qualitative approach to Enterprise, Operational, Cyber and Third-Party Risk.

    • Risk ratings reflect personal judgement, not evidence.

    • Different teams rate the same risk differently.

    • Biases (optimism, politics, recency) distort results.

      #Enterprise Risk, #Operational Risk, #Cyber Risk, #Third-Party Risk

    • Description text“High” doesn’t reveal whether loss is £100k or £10m.

    • Boards, regulators, and insurers need quantified exposure.

    • Hard to link to revenue, cost, or service outcomes. goes here

      #Enterprise Risk, #Operational Risk, #Cyber Risk, #Third-Party Risk

    • Description text goes hereWithout numbers, it’s impossible to rank risks.

    • Budgets get spread thinly instead of targeted.

    • Critical risks may be underfunded while minor risks get attention.

      #Enterprise Risk, #Operational Risk, #CyberRisk, #Third-Party Risk

    • Item descriptionYou can’t roll up “reds/ambers/greens” into enterprise exposure.

    • Concentration risk and interdependencies remain hidden.

    • No ability to model systemic or cascading effects.

      #Enterprise Risk, #Operational Risk, #Third-Party Risk

    • Item descriptionMost assessments are workshop-based snapshots.

    • They fail to keep pace with fast-changing risks (cyber threats, supplier health, operational disruptions).

    • Early warning indicators get ignored.

      #Operational Risk, #Cyber Risk, #Third-Party Risk

    • Item descriptionRegulators (Basel, Solvency II, DORA, NIS2) expect quantification.

    • Auditors and investors see qualitative-only frameworks as immature.

    • Perception of “box-ticking” undermines credibility.

      #Enterprise Risk, #Operational Risk, #Cyber Risk, #Third-Party Risk

    • Can’t feed into stress testing or scenario modelling.

    • No basis for capital allocation, M&A risk due diligence, or crisis planning.

    • Limits the role of risk management in strategy execution.

      #Enterprise Risk, #Operational Risk, #Cyber Risk, #Third-Party Risk

Quantitative Risk Analysis (QRA) Playbook

From Heatmaps to Hard Numbers

Transform your qualitative risk assessments into quantitative analysis using Monte Carlo simulation. Get the insights that drive real strategic decisions.

  1. QRA Discovery (5 days)

  2. QRA Pilot (30 - 45 days)

  3. QRA Roll-Out (90 days +)

  • Evolve your current risk management approach

  • Validate that a quantitative risk approach is right for your business before moving to the next step

  • Build internal capability as you go.

Quantitative Risk Analysis (QRA) Playbook

QRA Playbook

From Heatmaps to Hard Numbers

Transform your qualitative risk assessments into quantitative analysis using Monte Carlo simulation. Get the insights that drive real strategic decisions.

Benefits

  • Quantify risk exposure in financial terms (Loss ranges, Probability, VaR, Cost of downtime)

  • Deliver Data-driven risk insights

  • Determine Cost of Controls and ROI on Risk Migrations

    • Provide us with your existing risk assessment data.

    • We will process via our Quantitative Risk Engine.

    • Within 5 days, we will deliver back to you a data-driven risk dashboard with supporting detailed quantitative data.

    • Select one area of the business to pilot a quantitative risk management approach

    • Conduct the pilot and review results

    • Gather stakeholder feedback

    • Roll-out a quantitative risk approach across the business.

Transform Risk Management

From management-by-colours to hard numbers

QRA Playbook - From Heatmaps to Hard Numbers

CSRD Playbook - From Compliance Burden to Strategic Asset

About DecideWright

DecideWright a specialist consultancy transforming how Financial Services firms approach risk management. We help forward-thinking Chief Risk Officers evolve from traditional, qualitative risk approaches to data-driven, quantitative methodologies that deliver strategic value.

Our expertise lies in bridging the gap between conventional risk management practices and modern decision intelligence. We understand the frustrations of CROs who see the untapped potential in their risk function but struggle with manual processes, qualitative assessments, and limited C-suite engagement.

Working with leading financial institutions across the US and UK, we implement proven methodologies that transform risk management from a compliance exercise into a strategic decision-making engine. Our approach combines robust methodology, advanced analytics, AI agentic-based automation, and strategic insights to help organizations make better-informed decisions and navigate uncertainty with confidence.