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US008214235B2

(12) United States Patent

(10) Patent N0.:

Tait et al. (54)

(45) Date of Patent: 2005/0038993 A1*

2/2005 Zivic et a1. .................. .. 713/164

ENTERPRISE RISK MANAGEMENT

2005/0060213

3/2005

Inventors:

_

And-Yew M- Talt, poylestown, PA (Us),

Daniel E. Garlewlcz, Long Valley, NJ

(Us) (73)

A1*

I

D oylestown PA (Us)

2005/0197952

A1 *

9/2005

Shea et a1.

2006/0184473 A1*

8/2006

Eder

705/7

717/101 .....

‘‘‘‘‘‘‘‘‘‘‘

. . . ..

705/38

‘ ‘ ‘ " 706/20

2006/0224500 A1 * 10/2006 Stane et a1. ................... .. 705/38

Primary Examiner i Nga B‘ Nguyen _

_

_

Reynolds, P.C.

Subject to any disclaimer, the term of this patent is extended or adjusted under 35

U-S~C~ 154(1)) by 1182 daysAppl' NO" 11/425’240 .

. . . . . ..

(74) Attorney, Agent, or Ftrm * Hamilton, Brook, Sm1th &



(21)

.....

5/2005 Robin et a1.

* cited by examiner

Ass1gnees: Core Systems Group, LLC,

Notice:

Lavu et a1.

2005/0114829 A1*

Branchburg, NJ (US); Andrew M. Tait,

(*)

Jul. 3, 2012

METHOD AND APPARATUS FOR

.

(75)

US 8,214,235 B2

(57) ABSTRACT A method of enterprise risk management includes de?ning a hierarchical organizational model to represent an enterprise. The model has a master level and one or more levels subor

_

dinate to the master level. The master level has plural mate

(22) Flled'

Jun‘ 20’ 2006

(65)

riality grades and plural probability grades, each subordinate

Prior Publication Data

US 2007/0294118A1

level including one or more entities have a reporting relation

ship to one of the entities in the preceding level, each entity having plural materiality grades. Risk information is col

Dec. 20, 2007

lected Which includes risk items, each associated With a par

(51) (52) (58)

Int- Cl-

ticular entity in the hierarchical organizational model and

G06Q 40/00 (2006-01) US. Cl. ....... .. 705/7; 705/8; 705/9; 705/10; 705/35; 705/36; 705/37; 705/38 Field of Classi?cation Search .................. .. 705/35,

having a materiality measure and a probability measure. Selectedportions ofthe collectedrisk informationis output in an output vieW that for each selected risk item relates the probability measure to the plural probability grades and the

705/36, 37, 38, 7, 8, 9, 10; 706/20, 46 See application ?le for complete search history,

materiality measure to either the plural master level materi ality grades or the plural entity level materiality grades depending on a selected level. The output vieW may be pre

(56)

References Cited

sented in a graphical or tabular format. The materiality grades

U.S. PATENT DOCUMENTS

may be de?ned in ?nancial terms and/ or in synonymous tel-Hm

7,401,057 B2 *

2004/0225629 A1 *

7/2008

Eder ............................. .. 706/20

11/2004 Eder ............................. .. 706/46

20 Claims, 22 Drawing Sheets

Enterprise Risk Manager

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BUSWESS UNITA

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SUPPLY CHAIN

BUSINESS UNIT B

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TOOL PROMPTS

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AND LOADED

BUSINESS UNIT C DELEGATE

MARKETING, SALES

DELEGATION EXPANDS THE DEPTH OF THE HEIRARCHICAL DO

AUTHORITY 7 112

SYSTEMS

FILE REPORT

AI22

SCREENS DRILL DOWNS

P300

BROWSER

INTERFACE

SAMPLE

SETUP

VALIDATION COMMON TON

NO INITIAL MASTER

CONFIGURATION

CLIENT RISK TRANSACTIONS

11B STEADY STATE FOR

I REPORTING

P700

TRAINING ENGINE

P600

CHANGE MAN AGER P500

RISK ASSESSME NT

I26 TRAINING DATABASE & RISK DATABASE ARE SIDRED

US. Patent

Jul. 3, 2012

Sheet 1 or 22

US 8,214,235 B2

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