Automated risk management system and method

• US 20030187766A1
• Filed: 03/29/2002
• Published: 10/02/2003
• Est. Priority Date: 03/29/2002
• Status: Abandoned Application

• Current Assignee: Nissho Iwai American Corporation (Sojitz Corporation)
• Original Assignee: Nissho Iwai American Corporation (Sojitz Corporation)
• Inventors: Akashi, Ichiro
• Application Number:
  US10/112,915
• Publication Number:
  US 20030187766A1
• Time in Patent Office: Days
• US Class Current: 705/35
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

The present invention relates to a system and method which enables companies to authorize, implement, track and eventually complete short and long term investments. Companies are also enabled to monitor the progress of all investment projects in the company. The invention receives information from one or more parties directed to one or more action plans associated with a project. Users of the system preferably evaluate the action plan information and assign indicators to represent the status of project-related activity. The present invention preferably appraises each project by appraising the action plans associated therewith, and assigning an investment project indicator that is equivalent to the least favorable status indicator among all of the action plans associated with the project. The present invention also compiles all project indicators in an overview screen that allows parties to understand the overall investment project status of the company.

Claims

1. A method to manage risk associated with an investment, said method comprising:

receiving project information, said project information including at least one of a description of said investment, a description of risk associated with said investment, a description of a project member, and a description of a project leader;

receiving action plan information, said action plan information representing an activity to implement said investment, said action plan information including at least one of a description of said activity, an action plan date range, and a name of at least one action member;

receiving action plan update information, said action plan update information representing progress of said activity;

assigning an action plan status indicator to said action plan information, said action plan status indicator representing said action plan update information; and

assigning a project status indicator to said project information, said project status indicator determined by analyzing said action plan status indicator.

2. The method of claim 1, further comprising:

receiving a plurality of said action plan information for a plurality of said activities;

assigning a respective action plan status indicator to each of said plurality of said action plan information; and

assigning said project status indicator to said project information, said project status indicator determined by analyzing at least one of said plurality of action plan status indicators.

3. The method of claim 2, wherein said step of analyzing comprises identifying a least favorable action plan status indicator among all action plan status indicators assigned to said plurality of action plan information.

4. The method of claim 2, further comprising generating a list of said project information.

5. The method of claim 4, wherein said list further includes a respective project status indicator for said project information.

6. The method of claim 4, further comprising reviewing said list to analyze said investment.

7. The method of claim 1, further comprising storing at least one of said project information, said action plan information, said action plan update information, said action plan status indicator, and said project status indicator in a database.

8. The method of claim 7, further comprising generating a new project from said stored project information and said stored action plan information.

9. The method of claim 7, further comprising retrieving at least one of said stored project information, said stored action plan information, and said stored action plan update information in said database to determine risk exposure, assist in decision making, and assist in project planning.

10. The method of claim 9, wherein said step of retrieving comprises receiving search criteria, said search criteria representing at least one of said project information, said action plan information and said action plan update information, and using said search criteria to locate at least one of said stored project information, said stored action information, and said stored action plan update information associated with said search criteria.

11. The method of claim 1, further comprising generating a history of changes to at least one of said action plan information and said action plan update information, said step of generating including:

receiving at least one action plan information modification, said at least one action plan information modification representing at least one change to said action plan information;

receiving at least one action plan update information modification, said at least one action plan update information modification representing at least one change to said action plan update information; and

storing at least one of said at least one action plan information modification and said at least one action plan update information modification in a database.

12. The method of claim 11, further comprising reviewing said history of changes to prevent an unauthorized change to said action plan information

13. The method of claim 11, further comprising reviewing said history of changes to analyze said investment.

14. The method of claim 1, further comprising modifying said action plan status indicator as a function of performance of said activity.

15. The method of claim 1, further comprising receiving project forecast information, said project forecast information representing factors that mitigate an outcome of said investment.

16. The method of claim 1, further comprising receiving action member responsibility information, said action member responsibility information representing at least one responsibility of said at least one action member.

17. The method of claim 1, further comprising notifying said at least one action member when said activity is pending.

18. The method of claim 1, further comprising outputting at least one of said project information and said action plan information to at least one of a display screen and a printing device.

19. The method of claim 1, wherein said investment includes at least one of a capital investment, a real estate investment, a deferred loan, inventory, machinery, and supplies.

20. The method of claim 1, further comprising categorizing a plurality of said project members into at least one group, and providing at least one of said project information, said action plan information, and said action plan update information to said at least one group of said plurality of said project members.

21. The method of claim 1, further comprising managing said risk over a communication network.

22. The method of claim 21, wherein said communication network is at least one of the Internet, an intranet, an extranet, a wide area network and a local area network.

23. The method of claim 1, further comprising transmitting at least one of said project information, said action plan information and said action plan update information to one person while transmitting at least one of said project information, said action plan information and said action plan update information to one other person to enable each of said one person and said one other person to do at least one of:

monitoring said project information, determining whether resources to implement said investment are effective, deciding future investment strategies and determining profitability of said investment.

24. A method to manage risk associated with a project, said method comprising:

receiving project information, said project information including a description of said project and a description of risk associated with said project;

receiving action plan information, said action plan information representing at least one project activity to implement said project, said action plan information including at least one of a description of said at least one project activity, an action plan date range, and a name of at least one action member;

receiving action plan update information, said action plan update information representing progress of said at least one project activity;

assigning at least one action plan status indicator to said action plan information, said at least one action plan status indicator assigned as a function of said action plan update information;

assigning a project status indicator to said project, said project status indicator determined by analyzing said at least one action plan status indicator;

assigning a schedule for said at least one project activity, said schedule representing at least one date and at least one action member associated with said at least one project activity;

sending a notification to at least one person associated with said project when at least one of said at least one project activity is not performed in accordance with said schedule.

25. The method of claim 24, further comprising modifying at least one of the number of people receiving said notification and the recipients of said notification over a predetermined time period.

26. The method of claim 24, further comprising managing a plurality of said risks for a plurality of said projects.

27. The method of claim 24, further comprising generating a list of said project information.

28. The method of claim 27, wherein said list further includes a respective project status indicator for said project information.

29. The method of claim 27, further comprising reviewing said list to analyze said project.

30. The method of claim 24, further comprising modifying said notification over a predetermined time period.

31. The method of claim 24, further comprising generating a history of changes to at least one of said action plan information and said action plan update information, said step of generating including:

receiving at least one action plan information modification, said at least one action plan information modification representing at least one change to said action plan information;

receiving at least one action plan update information modification, said at least one action plan update information modification representing at least one change to said action plan update information; and

storing at least one of said at least one action plan information modification and said at least one action plan update information modification in a database.

32. The method of claim 31, further comprising reviewing said history of changes to prevent an unauthorized change to said action plan information.

33. The method of claim 31, further comprising reviewing said history of changes to analyze said project.

34. The method of claim 24, further comprising transmitting at least one of said project information, said action plan information and said action plan update information to one person while transmitting at least one of said project information, said action plan information and said action plan update information to one other person to enable each of said one person and said one other person to do at least one of:

monitoring said project information, determining whether resources to implement said project are effective, deciding future project strategies and determining profitability of said project.

35. A system to manage risk associated with an investment, said system comprising:

a first software facility receiving project information, said project information including a description of said investment and a description of risk associated with said investment;

a second software facility receiving action plan information, said action plan information representing at least one activity to implement said investment, said action plan information including at least one of a description of said at least one activity, an action plan date range, and a name of at least one action member;

a third software facility receiving action plan update information, said action plan update information representing progress of said at least one activity;

a fourth software facility assigning an action plan status indicator to said action plan information, said action plan status indicator assigned as a function of said progress of said at least one activity; and

a fifth software facility assigning a project status indicator to said project information, said project status indicator determined by analyzing said at least one action plan status indicator.

36. The system of claim 35, wherein said fifth software facility further generates a respective project status indicator for each of a plurality of said project information.

37. The system of claim 35, further comprising a sixth software facility generating a history of changes to at least one of said action plan information and said action plan update information, said step of generating including:

receiving at least one action plan information modification, said at least one action plan information modification representing at least one change to said action plan information;

receiving at least one action plan update information modification, said at least one action plan update information modification representing at least one change to said action plan update information; and

storing at least one of said at least one action plan information modification and said at least one action plan update information modification in a database.

38. The system of claim 35, further comprising a seventh software facility outputting at least one of said project information and said action plan information to at least one of a display screen and a printing device.

39. The system of claim 35, wherein said second software facility further receives said action plan information for a plurality of said activities, said fourth software facility further assigns a respective action plan status indicator for each of said plurality of said activities, and said fifth software facility further assigns said project status indicator to said project information, said project status indicator determined by analyzing at least one of said plurality of said action plan status indicators.

40. The system of claim 39, wherein said project status indicator is a least favorable action plan status indicator of said plurality of action plan status indicators.

41. The system of claim 35, wherein said second software facility further modifies said action plan information as a function of performance of said at least one activity.

42. The system of claim 35, further comprising an eighth software facility receiving project forecast information, said project forecast information representing factors that mitigate an outcome of said investment.

43. The system of claim 35, wherein said second software facility further receives action member responsibility information, said action member responsibility information representing at least one responsibility of said at least one action member.

44. The system of claim 35, further comprising a ninth software facility notifying said at least one action member when said at least one activity is pending.

45. The system of claim 35, further comprising a tenth software facility generating a list of said project information.

46. The system of claim 45, wherein said list further includes a respective project status indicator for said project information.

47. The system of claim 35, wherein said investment includes at least one of a capital investment, a real estate investment, a deferred payment investment, inventory, machinery and supplies.

48. The system of claim 35, further comprising an eleventh software facility transmitting at least one of said project information, said action plan information and said action plan update information to one person while transmitting at least one of said project information, said action plan information and said action plan update information to one other person.

49. A system to manage risk associated with a project, said system comprising:

a first software facility receiving project information, said project information including a description of said project and a description of risk associated with said project;

a second software facility receiving action plan information, said action plan information representing at least one activity to implement said project, said action plan information including at least one of a description of said at least one activity, an action plan date range, and a name of at least one action member;

a third software facility receiving action plan update information, said action plan update information representing progress of said at least one activity;

a fourth software facility assigning an action plan status indicator to said action plan information, said action plan status indicator assigned as a function of said progress of said at least one activity;

a fifth software facility assigning a project status indicator to said project, said project status indicator determined by analyzing said at least one action plan status indicator;

a sixth software facility assigning a schedule, said schedule representing at least one date and at least one action member associated with said at least one activity; and

a seventh software facility sending a notification to at least one person associated with said project when said at least one activity is not performed in accordance with said schedule.

50. The system of claim 49, wherein said fifth software facility further generates a respective project status indicator for each of a plurality of said project information.

51. The system of claim 49, wherein said seventh software facility further modifies at least one of the number of people receiving said notification and the recipients of said notification over a predetermined time period.

52. The system of claim 49, wherein said seventh software facility further modifies said notification over a predetermined time period.

53. The system of claim 49, further comprising an eighth software facility generating a history of changes to at least one of said action plan information and said action plan update information, said step of generating including:

receiving at least one action plan information modification, said at least one action plan information modification representing at least one change to said action plan information;

receiving at least one action plan update information modification, said at least one action plan update information modification representing at least one change to said action plan update information; and

storing at least one of said at least one action plan information modification and said at least one action plan update information modification in a database.

54. The system of claim 49, further comprising a ninth software facility generating a list of said project information.

55. The system of claim 54, wherein said list further includes a respective project status indicator for said project information.

56. The system of claim 49, further comprising a tenth software facility transmitting at least one of said project information, said action plan information and said action plan update information to one person while transmitting at least one of said project information, said action plan information and said action plan update information to one other person.