Working activities-Deliverables

EU A/A: 1Title: Estimation of business risk models

The EU 1 concerns the creation of the overall framework for risk assessment through appropriate models and computational tools, which will carry out an estimate of the maximum expected potential damage (MADZ) dynamically. The models will be created and configured appropriately in order to be able to dynamically assess the following types of risk:

1. Market risk
2. Credit risk
3. Operational risk
4. Hazard liquidity
5. Holistic risk. Development of a holistic risk assessment framework

The proposed research activity is expected to be a highly innovative framework for the holistic management of risk by businesses. The deliverable is expected to provide a holistic risk management framework, either in a single form or in its individual departments, to make a comprehensible and immediate risk assessment, in the light of the uncertainty of the data entering the System.

EU Deliverables
P1.1Risk Component Estimation ModelsM10
P1.2Holistic Risk ModelM18
   
EU A/A: 2Title : Create a Framework for defining and managing risk assessment models in a business intelligence software system (such as e-Gnosi)

The EU 2 concerns the creation of a generic Framework for the introduction, evaluation, implementation and presentation of risk assessment models created in the EU15 in the Business Intelligence system (see E-Gnosi) and includes in detail:Design and development of a Framework for defining (definition) risk assessment models in a business intelligence system
 Design and development of the system Framework for data capture, processing and parameterization.
 Design and development of a Framework for the execution of risk models.
 Design and development of a Framework for decision support based on risk assessment results.
 Design and development of Framework interfaces (Interfaces) for presentation and evaluation of results.

The results of the EU-2 will be to create a general framework for introducing risk assessment models into a business intelligence system such as e-Gnosi, receiving, processing and parameterising data, and finally executing them and Presentation of their results to the user. The benefits of the EU-2 are expected to be new integrated and customizable models for assessing and forecasting various components of risk and a new way of presenting and categorisation the risk.

EU Deliverables (description of expected deliverables and month of delivery
P2.1Design and development of a Framework for the definition of risk assessment modelsM14
P2.2Design and development of the system Framework for data capture, processing and configurationM16
 P2.3  Plan and develop a Framework for the execution of risk models M18
P2.4Design and development of a Framework for decision support based on risk assessment resultsM20
P2.5Design and development of Framework interfaces (Interfaces) for presentation and evaluation of resultsM24
   
EU A/A: 3Title: Completion of Frameworks developed in Module 2, in a single software platform, and total operation verification (Verification)

The EU-3 concerns the creation of an integrated business Risk Management Information System (E-GNOSI/Risk) and will take place in the following stages:

  •  
  • Implementation in an integrated information system of Frameworks which were developed in Module 2, and total operation verification (Verification) (in order to determine the technology that has been imprinted in the software), functionality (from Utility, convenience to the user), and reliability of the system (Proof of concept-validity of results).In the framework of the verification will be made and comparative use for this purpose commercial risk assessment software (e.g. Palisade).   The comments and comments that will emerge from the previous will be used in a second cycle, to improve the final system which will be the main deliverable of the project.

The final deliverable of the EU-3 will be an integrated business Risk Management Information System (E-GNOSI/Risk), which will have undergone a thorough check for ease by the end user at all stages of its implementation and validity/ Reliability of the results.

This software will be the basis for the subsequent creation of a commercial innovative product (e-GNOSI/Risk) which will target all Greek companies that keep books C category (approx. 26,000). At this point in time, there is no equivalent Greek product, which addresses the problem of risk management. From this and only the fact easily arises the importance of the project both for the company (New market, solution innovation, pioneering in implementation, good export prospects) but for our country (value added product for enterprises, Import replacement).
EU Deliverables (description of expected deliverables and month of delivery)
P3.1Implementation of an integrated business Risk management Information SystemΜ30
P3.2Evaluation and control of software operationΜ32
P3.3  Optimization-final Software E-Gnosi/Risk M36
EU A/A: 4Title: Publicity and valorisation actions, project management

The effective and accurate management of the project, which will ensure the timely completion of the lowest possible risk, is the first objective of the EU-4. A second important objective is the co-ordinates actions to exploit the results of the project, so for this purpose, a series of actions are foreseen:Creation of a website on the site of TWIN-NET, describing the project
Drafting of advertising material and sending to potential stakeholders
Actions to exploit the results with participation in information conferences and conferences
Assessment of the expected economic and/or social impact of the implementation of the project
Registration of results
Communication with GSRT and writing/delivering the individual and final reports and deliverables
 Project Management

Effective management of the project, which will ensure its timely completion.

Also the promotion activities of the produced project are expected to increase the public concerned for the acquisition of the software. Finally, an assessment will be made of the expected economic and/or social impacts from the implementation of the project and the possibility of the project’s results will be investigated.

EU Deliverables (description of expected deliverables and month of delivery).
P4.1Report authorM12, M24, M36
P4.2Create a project webpageM6
P4.3Intellectual property rights M34
 P4.4Valorisation actions M33, M35
P4.5Project Management Report​M36