Disclosed is a system for converting ratio scale measures of risks to monetary value in a defined environment by a user over a communication network. The system includes a processor, an input unit coupled to the processor for receiving inputs from the user, a display unit to display processed information received from the processor, and a data storage for storing instructions related to risk events. The processor is configured to receive a list of risk events, objectives, a list of causes, generate a ratio scale prioritized hierarchy of importance of objectives; likelihoods of causes of the risk events; risk events likelihoods; risks of risk events; receive input from the user with an estimated monetary value of at least one of the and compute the monetary amounts of all the objectives.