KPMG’s Dynamic Risk Assessment (DRA) advances traditional risk assessment methodologies and enterprise risk assessment processes with an innovative, four-dimensional model. It examines an entire risk system’s structure to understand the connections between risks and the speed at which risk impacts could occur, together with severity and likelihood measures (the four-dimensions).
DRA uses the science of expert elicitation to identify future outcomes in the risk identification process, ultimately helping organizations transform risk into value. Its methodology is designed to focus on both sides of the coin — the upside and downside of risk. Organizations can identify “mega trends” to find opportunities in risk, giving them a competitive edge.