1. Scoping
Luminint works with clients to define the processes, activities, functions, and locations included within the Risk Assessment, as well as stakeholders who will be involved in the process.
2. Risk Identification
Luminint evaluates 30+ macro risks, grouped thematically by their nature: geographic, international, domestic, sociocultural, physical, and information and technology. With clients' input, we devise additional industry- and organization-specific risks directly relevant to their operations.
3. Risk Event Analysis
Utilizing a combination of structured analytic techniques, expansive in-house regional expertise, and an expert analytic skill set, Luminint evaluates these risk likelihoods, impacts, and velocity against tolerance thresholds set by clients individually.
4. Weighted Scoring
Equipped with a comprehensive view of the jurisdiction's risk landscape, Luminint collaborates with clients to determine the vulnerability of the latter's operations to these raw, localized risks, which are then assigned a multiplier according to their significance.
5. Deliverable
The product of these weighted risks is an overall severity score that clients can use to benchmark against other locations in which they are active or considering expansion. Luminint compiles all of its research and analysis into a comprehensive Risk Assessment complete with sophisticated data displays to help clients better visualize their risks.