Stochastic Aps

Stochastic ApS provides consultancy and training in the use of quantitative methods in risk management and strategy. Stochastic's mission is nothing less than to revolutionize the practice of risk management by introducing quantitative methods that provide decision-actionable insight to improve decisions and interventions designed to reduce losses, manage costs and balance risk and reward. Stochastic's founder Dr. Graeme Keith is a leading proponent and expert in an Enterprise Risk Management practice that takes its point of departure in traditional ERM, but replaces the heat map with a series of simple questions aligned with a prescribed quantitative description of the risk. Quantitative assessment transforms the obligation of ERM into the value opportunity of strategic risk management. Although very simple, quantitative assessments address clearly defined, measurable quantities that removes subjectivity from risk assessment, allows like-for-like comparison of risks, and provides a consistent method of aggregation that reveals how risk is distributed across the different dimensions in an organization. As well as the simple, but scalable practice of quantitative ERM, Stochastic also supports companies introducing deeper risk analyses focussed on specific uncertainties with substantial influence on outcomes, or on specific risk categories whose management benefits from the deep analysis. If you would like to hear more, if you're considering introducing quantitative methods into your risk management programme or if you are under way and are looking for guidance and advice then contact me for a free, non-binding consultation.