Transaction Based Risk Analysis - Using Cognitive Fuzzy Techniques

This paper is devoted to the presentation of a risk-management methodology specifically developed for assessing and analysing risks incurred by the business transactions of an organisation. A transaction is a part of a business information system that has one or other functional goal. An order-entry-anddelivering-of-goods transaction forming part of an MRP (materials, requirement & planning) information system is discussed as an example. The proposed methodology includes five successive stages in all, namely initiation, domain analysis, risk assessment, risk analysis and domain monitoring. This paper focuses on the risk analysis stage.