BMI Risk Management RFI

Status: RFI Response Deadline has passed.


TF Chairs: Mr. Fred A. Cummins Mr. Claude Baudoin

Specifications related to the modeling of risk management has been on the roadmap of the BMI DTF for the last few years. Various organizations maintain risk models using their own structure and semantics, and each risk modeling or analysis tool is based on an explicit or implicit model of how to describe risk and its attributes. A common risk metamodel (i.e., a model of how risk models are structured) would enable several usage scenarios: - enable consistent reporting to regulatory authorities (in a formal, computer-readable, auditable format), with common semantics across reporting entities; - enable the aggregation of risk across divisions and organizations, for example combining risk models from suppliers in order to create a complete risk model for a supply chain - enable users to move their risk models across risk modeling and analysis tools, avoiding lock-in. Several factors are contributing to the determination that a specific effort is needed at this point, and that it should start with an RFI.

RFI Issued September 27, 2019
Relevant documents:
bmi/19-09-01 (Risk Management RFI)
RFI Response Deadline February 24, 2020Deadline extended at the Long Beach meeting, old date was December 6, 2019

RFI Response List:

Steven Bailey
February 20, 2020
Relevant documents:
bmi/20-02-01 (Steven Bailey's response to the BMI Risk Management RFI)
Model Driven Solutions
April 28, 2020
Relevant documents:
bmi/20-04-01 (Risk RFI Response from Model Driven Solutions)