Quantifying the Impacts of Strategic and Extreme/Rare Event Risks

Presented by

Rafael Hartke, CEO of Imagine Risks and Analytics

About this talk

Risk matrices are widely used in risk analysis to account for the effects of external factors or rare/extreme events that may occur within a project. Typical industry cases include models for CAPEX, budgeting, production curves/targets, and schedules. We'll present how to use @RISK to move forward from a qualitative risk matrix (usually a matrix listing risks, probabilities, and impacts) towards a quantitative risk valuation, including the simulation of future scenarios, the estimation of proper contingencies for the risks (time, budget, etc.), the effects of mitigation strategies and their costs

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Palisade Company is the world’s leading provider of risk and decision analysis software solutions for science and industry. Our array of software products and custom services enhance the management experience by combining the latest in cutting-edge technology with over 35 years of analytics experience. Palisade’s unified software platform helps clients increase margins, improve performance, expand market share, and maximize operational efficiencies. We have a very simple mission: to minimize risk while maximizing potential.