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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ESTABLISHING
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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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