DE-CERTS: a Decision Support System for a comparative evaluation method for risk management methodologies and tools

Abstract

A new approach was recently proposed to effectively and objectively evaluate risk management methodologies and tools for their suitability to a given organizational situation. The proposed approach, known as CERTS, is based on defining suitability in terms of criteria which in turn are described in terms of attributes and metrics. Using the Analytic Hierarchy Process, this thesis develops the CERTS approach into a Decision Support System, that could be used easily and effectively by organizations for selecting a risk management methodology or tool. The thesis also applies the developed DSS to three case studies to gain insights on the applicability of the DSS.