System and method for appraising risk
AssigneeCaterpillar Inc.
InventorsMatthew S. Kaag, Christine A. Ulrich, John D. Sigler, Darrel W. Haynes, Douglas C. Meyer, Alida R. Calhoun
Life of this patent
Estimating the term…
Abstract
A system for appraising risk in a facility may include a computer assembly. The system may also include an appraisal tool program having a summary section and facility process sections. The appraisal tool program may be configured to receive input values in the facility process sections. The input values may be indicative of risks associated with facility process practices. The appraisal tool program may also be configured to calculate an overall risk for the facility process sections based on the input values, and display the overall risk in the summary section.
Claims20
A system for appraising risk in a facility, comprising:
- a computer assembly;
- and
- an appraisal tool program having a summary section and facility process sections, the appraisal tool program being configured to:
- receive input values in the facility process sections, wherein the input values are indicative of risks associated with facility process practices;
- and
- calculate an overall risk for the facility process sections based on the input values, and display the overall risk in the summary section.
A method for appraising risk in a facility using an appraisal tool, the method comprising:
- analyzing facility processes by gathering data on facility process practices;
- assigning input values to the facility process practices based on the gathered data, wherein the input values are indicative of risks associated with the facility process practices;
- entering the input values into facility process sections associated with the facility process practices;
- and
- calculating an overall risk for the facility process sections based on the input values, and displaying the overall risk in a summary section.
Dependencies are inferred from the claim text.