<--- Score
59. What is the cost to transfer the risk?
<--- Score
60. Which is the cost of replacing the existing property exactly at the current price?
<--- Score
61. What charts has the team used to display the components of variation in the process?
<--- Score
62. Are appropriate historical cost data used in the estimate?
<--- Score
63. Is there sufficient knowledge about climate change impacts and adaptation?
<--- Score
64. Can data and analytics overcome Basis Risk?
<--- Score
65. How does your organization of infrastructure repair impact insurance?
<--- Score
66. What is the opportunity cost of buying insurance?
<--- Score
67. What users will be impacted?
<--- Score
68. Does the board understand the insurance coverage in place and its impact on potential claims?
<--- Score
69. What key measures identified indicate the performance of the stakeholder process?
<--- Score
70. What data should be analyzed to predict the claims of export credit insurance?
<--- Score
71. Which methods of risk identification and quantification do you know?
<--- Score
72. How long to keep data and how to manage retention costs?
<--- Score
73. Are process variation components displayed/communicated using suitable charts, graphs, plots?
<--- Score
74. How can that cause significant disruption to that particular investors portfolio if something goes wrong?
<--- Score
Add up total points for this section: _____ = Total points for this section
Divided by: ______ (number of statements answered) = ______ Average score for this section
Transfer your score to the Risk transfer Index at the beginning of the Self-Assessment.
CRITERION #4: ANALYZE:
INTENT: Analyze causes, assumptions and hypotheses.
In my belief, the answer to this question is clearly defined:
5 Strongly Agree
4 Agree
3 Neutral
2 Disagree
1 Strongly Disagree
1. What are the key findings of the data?
<--- Score
2. Is the performance gap determined?
<--- Score
3. Are there enough various data available for statistical modelling purposes?
<--- Score
4. How sensitive is the data, and what are the necessary minimum security controls?
<--- Score
5. What are the greatest opportunities for your organization?
<--- Score
6. How will the data be checked for quality?
<--- Score
7. Is the Risk transfer process severely broken such that a re-design is necessary?
<--- Score
8. Does your investment process allow short-selling?
<--- Score
9. How was the detailed process map generated, verified, and validated?
<--- Score
10. Can the data and service be easily moved to another provider?
<--- Score
11. Were any designed experiments used to generate additional insight into the data analysis?
<--- Score
12. What Risk transfer data should be managed?
<--- Score
13. Who should be involved in the evaluation process, and who makes the decisions?
<--- Score
14. Were Pareto charts (or similar) used to portray the ‘heavy hitters’ (or key sources of variation)?
<--- Score
15. What quality tools were used to get through the analyze phase?
<--- Score
16. Are gaps between current performance and the goal performance identified?
<--- Score
17. What are the revised rough estimates of the financial savings/opportunity for Risk transfer improvements?
<--- Score
18. What quality control measures will be used when entering data?
<--- Score
19. Do you believe that acceptance of data sharing will increase overall?
<--- Score
20. Where are you seeing growth opportunities for captives today?
<--- Score
21. What did the team gain from developing a sub-process map?
<--- Score
22. What are the processes for audit reporting and management?
<--- Score
23. Which data needs to be collected to implement the mentioned approaches?
<--- Score
24. Did any additional data need to be collected?
<--- Score
25. What tools were used to generate the list of possible causes?
<--- Score
26. How is the confidentiality, integrity and availability of data maintained?
<--- Score
27. What is the cost of poor quality as supported by the team’s analysis?
<--- Score
28. How does your organization identify opportunities for innovation?
<--- Score
29. When should a process be art not science?
<--- Score
30. Was a cause-and-effect diagram used to explore the different types of causes (or sources of variation)?
<--- Score
31. Are internal controls inadequate in your organizations data processing area?
<--- Score
32. Was a detailed process map created to amplify critical steps of the ‘as is’ stakeholder process?
<--- Score
33. What systems/processes must you excel at?
<--- Score
34. Where will multiple data backups be stored?
<---