- Qualitative (policy making)
- Quantitative (numerical) analysis
In the past, quantitative risk management was restricted to the realms of insurance and finance. Scenario analysis is a common system of deducing risk management. This method evolved into various forms based on the needs of each industry, past experience, and guesswork. However, this technique does not allow firms to obtain any degree of certainty. As a result, important decisions are often made by guesswork, lowest potential losses, or the shortest return to profitability. Optimal decisions are frequently disregarded due to flawed decision analysis.
At Real Consulting, we run millions of simulations to determine every possible outcome and the likelihood of each occurring. Our analysis enables clients to formulate strategies that determine optimal decisions or hedge against future events, whatever they may be. We consolidate our analysis into a simple report that lays out clear strategy maps that can be easily followed by management.
To ensure our clients fully understand our models and methodologies, we leave behind our models and train your analysts to carry out future analyses. Depending on the need, consultancy assignments will be performed by local consultants or a team of global experts led by experienced experts from Real Consulting. This way, you will be able to access the best minds and expertise from around the globe.
Our proven methodologies empower our clients to take control, ensuring successful and optimal decisions. Real Consulting is the leading authority in calculating the risks your business cannot control and has pioneered this unique service. The end product is a system that considers the fundamental elements of every possible risk, based on fact rather than guesswork.