Big Data is here. This master class, dedicated to the topic of Risk Management Information Systems, (RMIS), draws inspiration from the enormous quantity of data that we can now use to develop advanced methods of risk identification, measurement and monitoring. It will look at the Big Data environment, its origins, and its importance for risk management and the related risks and opportunities. It will illustrate the need for risk management information systems, and when and how to implement them.
The class will conclude with a case history based on the experience of Prysmian Group, with specific reference to the application of a risk management information system for the management of project risk assessment and the analysis of group risk exposure to the entire project portfolio.