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What is Riskion?

Riskion® is Expert Choice's all-encompassing risk management tool designed for organizations that require more than simple or spreadsheet-based risk evaluations. It implements a structured and systematic framework to identify risks, their root causes, related events, and possible consequences across the organization, employing mathematically sound, ratio-scale assessments rather than just conjecture. By promoting collaborative contributions from stakeholders, it enables decision-makers to leverage the collective knowledge and see the relationships between various risk factors, triggers, and mitigation approaches. Additionally, Riskion allows for the evaluation of events with both low and high probabilities, supports scenario analysis, and enhances resource allocation for efficient risk management. The inclusion of visual elements, like "bow-tie diagrams," effectively illustrates risk pathways and exposures. Furthermore, Riskion seeks to improve accountability, provide trustworthy risk evaluations, and simplify decision-making processes by reducing uncertainty and enhancing clarity within the organization. This ultimately empowers teams to proactively address potential challenges and adapt to evolving risk landscapes.

What is DPL Professional?

DPL Professional is an intuitive visual decision tree application designed to facilitate thorough decision-making and risk assessment. It seamlessly navigates users from the foundational stages of decision framing through sensitivity analyses and complex model construction, ultimately delivering clear, presentation-ready results that encompass all necessary dimensions. With DPL Professional, users can assess risks with assurance and utilize DPL Influence Diagrams to visually map out the key elements within a decision-making framework and their relationships. By depicting the interplay between different components, it leads to a more accurate evaluation of risks. The software also offers a systematic methodology and timelines for tackling decision-related issues. Decision Trees are instrumental in illustrating possible outcomes, establishing an organized approach to decision-making. Additionally, it calculates the expected value of various objective measures, such as net present value (NPV), alongside other vital metrics, empowering users with essential insights for making informed choices. This versatile tool proves invaluable for anyone aiming to improve their decision-making proficiency and enhances strategic planning across various domains.

Media

No images available

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

API Availability

Pricing Information

$6,000/month
Single Seat: $6,000/month

Pricing Information

Pricing not provided
Free Trial Offered?

Supported Platforms

SaaS
Windows
Mac

Supported Platforms

Windows

Customer Service / Support

Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Online Training

Training Options

Online Training

Company Facts

Organization Name

Expert Choice

Date Founded

1983

Company Location

United States

Company Website

www.expertchoice.com/riskion/

Company Facts

Organization Name

Syncopation

Date Founded

2003

Company Location

United States

Company Website

www.syncopation.com/products/dpl-professional/

Categories and Features

Decision Support

Not specified

Risk Management

Not specified

Categories and Features

Decision Support

Application Development
Budgeting & Forecasting
Data Analysis
Decision Tree Analysis
Monte Carlo Simulation
Sensitivity Analysis

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