Process risk prioritization application
US 20120005115A1
(19) United States (12) Patent Application Publication (10) Pub. No.: US 2012/0005115 A1 Hofberg et al. (54)
(43) Pub. Date:
PROCESS RISK PRIORITIZATION APPLICATION
(51)
Int CL
Publication Classi?cation
Inventors:
Mark G_ Hot-berg’ Charlotte, NC
(52)
US. Cl. ...................................................... .. 705/348
(US); Daniel Bohen, Charlotte, NC
(57)
(Us)
Embodiments of the invention relate to systems, methods, and computer program products for prioritizing processes in
G06Q 10/00 (75)
.
(73)
Jan. 5, 2012
_
Asslgnee'
(2006.01) ABSTRACT
terms of risk. Speci?cally, present embodiments provide
BANK OF AMERICA
assessment of process applicability to risk factors and an
CORPORATION’ Charlotte’ NC (Us)
independent assessment of the relative importance of the risk factors. The tWo independent assessments, conducted by separate corporate entities, such as line-of-business and risk oWners, are subsequently used to determine a process risk
(21)
APP1- NO-I
12/827,193
(22)
Filed:
Jun. 30, 2010
score that alloWs for the processes to be prioritized. The independent nature of the assessments provides for a highly objective, fact-based means of prioritizing processes based on risk.
’/
900
RECEIVE, FROM A FIRST LEVEL ENTITY, AN APPLICABILITY SCORE FOR EACH OF A PLURALITY OF PROCESSES IN RELATION TO EACH OF A PLURALITY OF PREDETERMINED RISK FACTORS
920
II
RECEIVE, FROM A SECOND LEVEL ENTITY, AN IMPORTANCE IND ICATOR FOR EACH O THE RISK PRIORITIZATION FACTORS IN COMPARISON TO EACH OF THE OTHER RISK PRIORITIZATION FACTORS
II
DETERMINE, VIA A COMPUTING DEVICE PROCESSOR, A RISK WEIGHTING FOR EACH OF THE RISK PRIORITIZATION FACTORS BASED ON THE I MPORTANCE INDICATORS
940
II
DETERMINE, VIA A COMPUTING DEVICE PROCESSOR, A RISK SCORE FOR EACH OF THE PROCESSES BASED ON THE APPLICABILITY SCORE AND THE RISK WEIGHTING
950
II
DETERMINE, VIA A COMPUTING DEVICE PROCESSOR, A RISK PRIORITY FOR EACH OF THE PROCESSES BASED ON THE RISK SCORES
Patent Application Publication
Jan. 5, 2012 Sheet 1 0f 9
US 2012/0005115 A1
APPARATUS m COMPUTING PLATFORM Q MEMORY h PROCESS RISK PRIORITIZATION APPLICATION l8 RISK WEIOHTING ROUTINE 2O
RISK PRIORITIZATION FACTOR 2_4
RISK PRIORITIiTION FACTOR [mm INDICATOR n RISK PRIORITIZATION FACTOR 2_4 RISK WEIGHTING H
RISK SCORE ROUTINE E
PROCESS 3_4
RISK PRIORITIZATION FACTOR B
‘n
APPLICABILITY SCORE Q
RISK WEIGHTING l6
PROCESS ?
RISK SCORE % RISK PRIORITY ROUTINE 4_0
RISK SCORE @
PROCESS M
PROCESSOR M
FIG. I
RISK PRIORITY4_Z I“
Patent Application Publication
Jan. 5, 2012 Sheet 2 0f 9
US 2012/0005115 A1
APPARATUS m COMPUTING PLATFORM Q MEMORY M PROCESS RISK PRIORITIZATION APPLICATION E RISK FACTOR RELATIVE IMPORTANCE INPUT MECHANISM @ RISK PRIORITIZATION FACTOR 2_4
RISK PRIORITIZATION FACTOR IMPORTANCHNDKATORl PROCESS-TO-RISK APPLICABILITY INPUT MECHANISM H PROCESS E
-—I RISK PRIORITIZATION FACTOR
APPLKABIUWSQRE 32 H
RISK WEIGHTING ROUTINE 2O ANALYTICAL HIERARCHY PROCESS (AH P) 23
|
IMPORTANCE INDICATOR 22
RISK PRIORITI ATION FACTOR
RISKWHGHUNG 15
H
RISK SCORE ROUTINE 3.0 APPLICABILITY SCORE 32 m I RISK WEIGHTINO l6
PROCESS 3.4L] RISKSCORE 16 || RISK RATING CATEGORYILU RISK PRIORITY ROUTINE @
| RISKSCORE i
PROCESS M
RISK PRIORITYQ |
PROCESSORM
JLIMTL — “Hi0 _
FIG. 2
COMMUNICATIONS MODULELO
Patent Application Publication
Jan. 5, 2012 Sheet 3 0f 9
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(19) United States (12) Patent Application Publication (10) Pub. No.: US 2012/0005115 A1 Hofberg et al. (54)
(43) Pub. Date:
PROCESS RISK PRIORITIZATION APPLICATION
(51)
Int CL
Publication Classi?cation
Inventors:
Mark G_ Hot-berg’ Charlotte, NC
(52)
US. Cl. ...................................................... .. 705/348
(US); Daniel Bohen, Charlotte, NC
(57)
(Us)
Embodiments of the invention relate to systems, methods, and computer program products for prioritizing processes in
G06Q 10/00 (75)
.
(73)
Jan. 5, 2012
_
Asslgnee'
(2006.01) ABSTRACT
terms of risk. Speci?cally, present embodiments provide
BANK OF AMERICA
assessment of process applicability to risk factors and an
CORPORATION’ Charlotte’ NC (Us)
independent assessment of the relative importance of the risk factors. The tWo independent assessments, conducted by separate corporate entities, such as line-of-business and risk oWners, are subsequently used to determine a process risk
(21)
APP1- NO-I
12/827,193
(22)
Filed:
Jun. 30, 2010
score that alloWs for the processes to be prioritized. The independent nature of the assessments provides for a highly objective, fact-based means of prioritizing processes based on risk.
’/
900
RECEIVE, FROM A FIRST LEVEL ENTITY, AN APPLICABILITY SCORE FOR EACH OF A PLURALITY OF PROCESSES IN RELATION TO EACH OF A PLURALITY OF PREDETERMINED RISK FACTORS
920
II
RECEIVE, FROM A SECOND LEVEL ENTITY, AN IMPORTANCE IND ICATOR FOR EACH O THE RISK PRIORITIZATION FACTORS IN COMPARISON TO EACH OF THE OTHER RISK PRIORITIZATION FACTORS
II
DETERMINE, VIA A COMPUTING DEVICE PROCESSOR, A RISK WEIGHTING FOR EACH OF THE RISK PRIORITIZATION FACTORS BASED ON THE I MPORTANCE INDICATORS
940
II
DETERMINE, VIA A COMPUTING DEVICE PROCESSOR, A RISK SCORE FOR EACH OF THE PROCESSES BASED ON THE APPLICABILITY SCORE AND THE RISK WEIGHTING
950
II
DETERMINE, VIA A COMPUTING DEVICE PROCESSOR, A RISK PRIORITY FOR EACH OF THE PROCESSES BASED ON THE RISK SCORES
Patent Application Publication
Jan. 5, 2012 Sheet 1 0f 9
US 2012/0005115 A1
APPARATUS m COMPUTING PLATFORM Q MEMORY h PROCESS RISK PRIORITIZATION APPLICATION l8 RISK WEIOHTING ROUTINE 2O
RISK PRIORITIZATION FACTOR 2_4
RISK PRIORITIiTION FACTOR [mm INDICATOR n RISK PRIORITIZATION FACTOR 2_4 RISK WEIGHTING H
RISK SCORE ROUTINE E
PROCESS 3_4
RISK PRIORITIZATION FACTOR B
‘n
APPLICABILITY SCORE Q
RISK WEIGHTING l6
PROCESS ?
RISK SCORE % RISK PRIORITY ROUTINE 4_0
RISK SCORE @
PROCESS M
PROCESSOR M
FIG. I
RISK PRIORITY4_Z I“
Patent Application Publication
Jan. 5, 2012 Sheet 2 0f 9
US 2012/0005115 A1
APPARATUS m COMPUTING PLATFORM Q MEMORY M PROCESS RISK PRIORITIZATION APPLICATION E RISK FACTOR RELATIVE IMPORTANCE INPUT MECHANISM @ RISK PRIORITIZATION FACTOR 2_4
RISK PRIORITIZATION FACTOR IMPORTANCHNDKATORl PROCESS-TO-RISK APPLICABILITY INPUT MECHANISM H PROCESS E
-—I RISK PRIORITIZATION FACTOR
APPLKABIUWSQRE 32 H
RISK WEIGHTING ROUTINE 2O ANALYTICAL HIERARCHY PROCESS (AH P) 23
|
IMPORTANCE INDICATOR 22
RISK PRIORITI ATION FACTOR
RISKWHGHUNG 15
H
RISK SCORE ROUTINE 3.0 APPLICABILITY SCORE 32 m I RISK WEIGHTINO l6
PROCESS 3.4L] RISKSCORE 16 || RISK RATING CATEGORYILU RISK PRIORITY ROUTINE @
| RISKSCORE i
PROCESS M
RISK PRIORITYQ |
PROCESSORM
JLIMTL — “Hi0 _
FIG. 2
COMMUNICATIONS MODULELO
Patent Application Publication
Jan. 5, 2012 Sheet 3 0f 9
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Jan. 5, 2012 Sheet 6 0f 9
US 2012/0005115 A1
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Jan. 5, 2012 Sheet 7 0f 9
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