The concept of risk is essential to many problems in economics and business. Risk measurements play a pervasive role in economic, political, social, and technological issues. Risk preference refers to the preferability of an alternative under conditions of risk. Typically, it is a matter of perception or estimation.
Despite the commonly accepted importance of risk, there is little consensus on its definition. Risk is usually perceived as the possibility of injury or loss attached to the choice of a given alternative of an action. Risk measure is a real-valued function numerically representing an individual decision maker's risk ordering on a given set of alternatives. Risk measuring allows quantifying the amount of perceived risk.
How to measure Risk performance with Financial Risks Scorecard for Excel
We have designed Financial Risks Balanced Scorecard (BSC) in MS Excel, so now you can measure and control your performance using this popular business tool.
Why do I need these metrics?
MS Excel files that we distribute are a spreadsheets packed with metrics information and the performance calculation formulas.
It's a real-business information. We invested in research that involved experts from Risk Evaluation industry who elaborated and shared certain metrics. It's valuable, real-life experience which will help to improve the performance of your business.