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The Risk Elimination Colour Wheels takes an intuitive approach to depicting Justification Score (J) using dynamic colour wheels. These colour wheels are further supplemented by numerical and descriptive nomenclatures.
The Risk Elimination Colour Wheels takes an intuitive approach to depicting Justification Score (J) using dynamic colour wheels. These colour wheels are further supplemented by numerical and descriptive nomenclatures.
#$%^&*AU2013100994A420130822.pdf#####ABSTRACT Once risks are measured and recorded, a strategy can be designed to eliminate or minimise them using Justification Score (J). The Risk Elimination Colour Wheels takes an intuitive approach to depicting Justification Score (J) using dynamic colour wheels. These colour wheels are further supplemented by numerical and descriptive nomenclatures. Risk Elimination Colour Wheels invention entails (i) representing two factors namely Cost Factor (CF) and Desired Correction (DC) on two colour wheels (ii) recording value of each factor dynamically and reflecting the change on their respective colour wheel spectrums, (iii) calculating Justification Score and visually displaying it on a Justification Score colour wheel (iv) Reflecting the impact of Justification Score on the Risk Score colour wheel and (v) Clearly showing the percentage change on the risk score scale. The final Justification Score (J), shown visually offers a visual tool to select or reject risk elimination/minimisation strategy.
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