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Enterprise Risk Management (ERM)

Enterprise Risk Management (ERM) performs qualitative and quantitative enterprise risk management on firms’ risk registers and events. ROV ERM helps users to: 1) enter-save multiple risk registers to generate Key Risk Indicators (KRIs) by risk divisions or other taxonomies (i.e., locations, products, activities, process, and departments). 2) Assign risk to supervisors and managers. 3) Create risk dashboards, reports and diagrams. 4) Perform and run risk controls on KRIs. 6) Perform risk forecasts and sensitivity analysis on quantitative risk metrics. 7) Run risk simulations on risk metrics and obtain risk reports. 8) Encrypt data-files for high-level of security.

ROV Enterprise Risk Management (ERM) is a technology provided by OSL Risk Management in a joint venture with Real Options Valuation Inc., to help firms managing risks and creating opportunities while achieving objectives.

Users can enter and save multiple risk registers to generate Key Risk Indicators (KRI) by risk divisions and risk taxonomy (geographic, operations, products, activity or process, and department) and run qualitative and quantitative analysis on the same platform. ERM enhances risk mapping, monitoring, reporting, quantification, control, forecasting, mitigation, security, among other aspects assessed by risk managers and decision makers.


ROV ERM comes in 7 languages (English, Chinese Simplified, Chinese Traditional, Korean, Portuguese, Russian, and Spanish

  • Perform qualitative ERM with Risk Registers.
  • Generate Key Risk Indicators (KRI) by Risk Divisions and Risk Taxonomy (Geographic, Operations, Products, Activity or Process, and Department)
  • Assign risk items to different Risk Managers/Analysts by performing Risk Mapping (e.g., Categories and Divisions)
  • Create Risk Dashboards of the results
  • Use multiple customizable Risk Engagements
  • Draw Risk Diagrams
  • Perform risk controls on KRIs
  • Perform Risk Forecasts and Risk Sensitivity on KRIs
  • Perform Risk Scenarios on quantitative risk metrics
  • Run Risk Simulations on risk metrics
  • Generate Risk Reports (decision making and internal auditing)
  • Encrypt your data and files for security and protection
  • Come with an online Web version the Project Economics Analysis Tool (PEAT) for ADVANCED RISK


  • Applied Analytics: Run Tornado and Scenario Analysis. 
  • Risk Simulation: Set Monte Carlo Risk Simulation Input Assumptions, Run and View Simulation Results, Compare and Overlay Simulation Results, Run Analysis of Alternatives, and Perform Dynamic Sensitivity.
  • Options Strategies: Create Strategy Trees and Run Dynamic Decision Trees. Options Valuation: Model and Value Strategic Real Options Strategies. 
  • Forecast Prediction: Perform Forecast Prediction and Modelling.
  • Portfolio Optimisation: Create Optimisation Models and Assumption Settings, Run Optimization Routines, and Create Customised Optimisation Models.
  • Dashboard: Create, Run, and Save Management Results and Reports. Knowledge Centre: Quick Getting Started Guides and Videos.


·         Windows 7, 8, or 10 (32 and 64 bits)

·         Microsoft .NET 2.0, 3.0, 3.5 or later

·         Excel 2013, 2016, or later is recommended for report extraction but required

·         350MB Hard Drive space

·         Administrative Rights to install software

MAC OS users can run the software as long as they have Bootcamp, Virtual Machine, or Parallels

How do I install the software?

Make sure that you have administrative rights to install the software, and that your system requirements match or exceed those required in Item 1 above. In addition, make sure you have .NET Framework 2.0, 3.0, 3.5 or later already installed on your computer. Then, simply download the trial or full version of the software, double click on the exe file, and follow the instructions. Make sure to first uninstall any older versions of Risk Simulator before attempting to install a new version.

Resolution Issues

In WIN7 and Vista, users have the option to change the screen resolutions by “zooming in/out” and not just using a regular resolution change. When changing resolutions the regular approach (e.g., changing from 1280 x 800 to 1080 x 680) will not affect ROV software look and feel. However, using the zoom function does mess up some visuals (this is true of all software out there, and Windows actually even provides a warning message explaining this). The first two figures illustrate some effects of this zoom view.
Solution: Click on Start > Control Panel > Appearance and Personalization > Display and you see the user interface (see the third figure below). Change the view back to “Smaller 100% (Default)” then log-off and log-on to take effect and the RS/SLS software will display normally and correctly.

Additional Information

This ERM module comes with an online Web version as well as a module within PEAT, where users can enter and save multiple Risk Registers to generate Key Risk Indicators (KRI) by Risk Divisions and Risk Taxonomy (Geographic, Operations, Products, Activity or Process, and Department), assign risk items to different Risk Managers by performing Risk Mapping of Risk Categories to different Risk Divisions, create Risk Dashboards of the results, enter Risk Elements within multiple customizable Risk Engagements, draw Risk Diagrams, perform and run Risk Controls on KRIs to see if certain risks are within control or out of control, perform Risk Forecasts, check if certain Risk Mitigation projects do, indeed, work or are statistically ineffective, perform Risk Sensitivity on KRIs, perform Risk Scenarios on quantitative risk metrics, run Risk Simulations on risk metrics, generate Risk Reports, and encrypt your data and files for the purposes of Risk Security.