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Palisade Risk Conference
Best Practices in Risk and Decision Analysis
April 19, 2016 Bangalore
2016
2016




Palisade Risk Conference

Best Practices in Risk and Decision Analysis

April 19th, 2016 • Bangalore

A Key Event for Quantitative Risk and Decision Analysis

On April 19th, we brought our popular Regional Risk Conference series to India again, gathering in the capital of India's Karnataka state at the Hyatt Bangalore Hotel. This event explored quantitative risk and decision analysis for professionals across a range of industries. Around 50 attendees represented various interests, from banking, insurance, management consulting, energy to even construction/engineering and project risk management.

The Conference was opened by Craig Ferri, Managing Director, Palisade EMEA & India, who gave an Introduction to Palisade, followed by a presentation on "The World of Probabilistic Analysis”. Over the course of the day there were in-depth software demonstration sessions from Aman Bajaj, Business Development Manager for India who introduced @RISK, as well as showed how the new features in the latest releases such as Big Picture.

Throughout the day a number of interesting case studies were presented by guest speakers:

  • From Strategic Decisions Group - Abhijit Basak - “New Product Development Stage Gate Decisions”
  • From Ernst & Young - Prashanth Kuttuva - “Application of @RISK in the valuation of financial instruments”
  • From L&T Institute of Project Management - Chakradhar Iyyunni - “Razor’s edge: Managing Risk in the Indian Software Industry”.

Delegates took advantage of the chance to network with each other as well as communicate with Palisade experts, who helped participants, improve their understanding of the topics and gain useful insight to issues they may have been facing.

If you want to find out more about this or any of our upcoming conferences visit: http://www.palisade.com/Conf/ .

Join a Global Group

The 2016 Palisade Risk Conference is part of a global, annual series of meetings where professionals share ideas and advance the practice of risk and decision analysis. Events in 2016 include New Delhi, Munich, Amsterdam, Edinburgh, Moscow and Cape Town.

Information about 2016 Conferences

Schedule

  General Sessions      
  Case Studies      
  Software Training

Tuesday 19 April 2016

Schedule is subject to change without notice.

 

8:00 - 9:00
Registration and Coffee
9:00 - 9:30
WELCOME

Introduction to Palisade and the World of Probabilistic Analysis
Craig Ferri, Director
Palisade Corporation

9:30 - 10:30
SOFTWARE TRAINING

Introduction to Risk & Decision Analysis using @RISK
Aman Bajaj
Palisade Corporation

10:30 - 11:00
Networking Break
11:00 - 11:45
CASE STUDY

New Product Development Stage Gate Decisions
Abhijit Basak
Strategic Decisions Group

11:45 - 12:30
CASE STUDY

Application of @RISK in the valuation of financial instruments
Prashanth Kuttuva
Ernst & Young

12:30 - 1:30
SOFTWARE TRAINING

Introduction to Optimization and BigPitcure
Aman Bajaj
Palisade Corporation

1:30 - 2:30
Networking Lunch
2:30 - 3:15
CASE STUDY

Razor’s edge: Managing Risk in the Indian Software Industry
Chakradhar Iyyunni
L&T Institute of Project Management

3:15 - 3:30
Closing Remarks


Craig Ferri
Palisade Corporation

3:30 - 5:00
Networking Reception

Presenters

  Craig Ferri

Managing Director
Palisade EMEA & India

Craig Ferri was promoted to Managing Director of Palisade Europe in 2005, having joined as sales and marketing director for the region in 2003. During that time the company has shown year on year growth. In addition to increasing brand awareness in EMEA and ensuring outstanding customer service, Craig’s helm at Palisade EMEA has seen the company continue to expand throughout Europe, the Middle East and Africa, and more recently into India. Craig built up nine years’ experience of sales and marketing roles in niche technology sectors prior to working at Palisade. Key positions included global marketing director at software company Infomax Incorporated, and European marcomms manager at networking company Anixter. Craig holds a Bachelor of Science degree in Business and Marketing, and an MBA.

  Aman Bajaj

Regional Sales & Business Development Manager – India
Palisade Corporation

Aman joined Palisade towards the end of 2012 with a focus on growing the business for Palisade software and training services in India. During the last two years, Palisade has had considerable success in terms of winning new key customers on both the academic and industry side of the business in India. Aman holds a Bachelor of Engineering from Gulbarga University and also completed a Post Graduate Diploma in Capital and Financial Markets from Indian Institute of Foreign Trade, New Delhi. Having passed CFA Level 1 in 2010, he is also studying towards the next level of this certification.

  Abhijit Basak

Associate Partner
Strategic Decisions Group

Associate Partner with SDG, has deep experience working with clients across the globe in pharmaceuticals, medical technologies & devices, agro-chemicals and consumer goods sectors. He assists clients in developing market entry and growth strategies, develop & implement processes & tools for portfolio risk management, identify investment opportunities and lead techno-commercial due-diligence / valuation of innovative and highly uncertain technologies, platforms and startups. Abhijit is highly skilled at in-depth financial modeling, and is experienced in facilitating large group workshops to help senior management articulate growth aspirations and identify strategic alternatives. He also trains senior and mid-management professionals in decision analysis methodologies and tools. Abhijit is a PGP from IIM Ahmedabad and a B.Tech in Computer Science from IIT Roorkee.

  Chakradhar Iyyunni

Faculty
L&T Institute of Project Management

With 24+ years of academic & industrial research experience in oil & gas, energy utilities & aerospace industries and an earned Ph.D in Mechanical Engineering, Dr. Chakradhar Iyyunni conducts research on risk and decision-making. His goal is to create best practices by understanding experiential aspects of current projects. Grounded in optimization theory and nonlinear modeling, he believes that scientific, systematic and innovative project management techniques will lead to successful project execution. The focus on project control can be affected by scope or risk models, queuing theory-based scheduling concepts, communication protocols and managing people effectively.

  Prashanth Kuttuva

Executive Director
Ernst & Young

Prashanth Kuttuva leads the Financial Services Risk Management and the Actuarial team at Ernst and Young Global Delivery Services Center in Bangalore. Prashanth has over 15 years of experience in providing quantitative advisory services to Ernst & Young’s capital markets clients in the areas of derivatives valuation, market and credit risk management, system implementation and other quantitative advisory services. Prashanth worked with Ernst & Young New York Office for 10 years directly working with clients prior to taking the leadership role at the Global Delivery Services Center in Bangalore.

Abstracts

Download zip file of presentations from the Palisade Risk Conference in Bangalore
(Individual presentations are also linked below.)

  Introduction to Palisade and the World of Probabilistic Analysis

Craig Ferri
Palisade Corporation

Palisade General Manager Craig Ferri, will open the conference by giving a brief overview of Palisade. He will then address the questions you’ve undoubtedly been faced with: “What is risk analysis, and why do I need it?” After all, risk management appears to have failed in many examples, and even now companies are trying to figure out how to grapple with risk and unlock the power of probabilistic analysis. How do we avoid missteps, and how do we make the most of the tools we have for managing the future?

  Introduction to Risk & Decision Analysis using @RISK

Aman Bajaj
Palisade Corporation

» Download the presentation

This presentation will use examples from different industries and applications to give an entry-level introduction to @RISK, as well as showing how the new features in the latest releases add additional capabilities to the analyst’s toolbox. We'll also shine a light on some of the lesser-known corners of the software, to provide useful tips about how to make risk modelling even easier.

  New Product Development Stage Gate Decisions

Abhijit Basak
Strategic Decisions Group

Every product - be it a drug, or a car, or a shampoo, goes through multiple stage gates, each of which answers a question that is critical to its eventual commercial success. In clinical trials, the stage gates and their sequence, are standard industry practices, strictly regulated. On the other hand, a consumer product, may undergo stage gates that are not only discretionary in terms of "Should we do it or skip it?" but also in the relative sequence of the stage gates - "Should we invest in pilot scale plant before or after test marketing with the current prototype?"

Further, deciding to go through with a stage gate involves additional cost and extended timelines, though these challenges may be more than compensated by the reduced risk of product failure (e.g. through pilot scale manufacturing ahead of commercial scale) and the considerable insights on customer behavior and preferences that are generated (e.g. through test-marketing or pilot launches).

Through a case study on critical decisions being faced by a top FMCG company, in developing and launching a new food product, we shall demonstrate how a complex decision problem was systematically solved using a Decision Tree with variable sequencing of the stage gates, and probabilistic analysis of the eventual financial pay-offs.

  Application of @RISK in the valuation of financial instruments

Prashanth Kuttuva
Ernst & Young

» Download the presentation

In today’s dynamically evolving economy, with organizations across sectors enhancing their global footprint, risk measurement and management is no longer a support function. Companies are faced with various financial risks by the virtue of working in different jurisdictions under respective regulatory regimes. Risk teams use various financial instruments such as derivatives, as a popular tool to mitigate financial risks. For valuation of these instruments, we adopt market accepted practices like Monte Carlo simulation, for which we use @RISK. In this session, Prashanth Kuttuva (Executive Director and leader of Financial Services Risk Management – Ernst & Young LLP) will present a case study to demonstrate how @RISK is utilized in the financial services industry.

  Introduction to Optimization and BigPitcure

Aman Bajaj
Palisade Corporation

» Download the presentation

Do you know what kind of problems optimization solves? Is optimization too complex? Have you ever considered implementing optimization in your business? Should you attempt to build an optimization model yourself, or hire an external provider? Did you know that optimization can help your company to save money? Can you tell your goals, from your variables, from your constraints? In this short presentation we will evaluate optimization methods, present basic concepts, discuss case studies, and list the various benefits of using optimization. We will also look at how BigPicture helps by combining the power of both visuals and spreadsheets—all right in Excel. BigPicture allows you to translate your brainstorming process into a dynamic map of ideas and options that are easy to view and update.

  Razor’s edge: Managing Risk in the Indian Software Industry

Chakradhar Iyyunni
L&T Institute of Project Management

A mature industry and equally mature software development practice that is the bellwether of the Indian Industry does not necessarily mean that risk is managed well. For this seminar, we evaluate a project leadership practice via understanding the risk appetite of project manager, the project team and the organization’s risk practice itself. Using Monte Carlo simulation from data collected from surveys on project leadership culture, I introduce notions of project manager’s risk appetite and “execution mindset”.

Bangalore

Hyatt Bangalore M.G. Road
1/1 Swami Vivekanda Road, Next to MG Road, Ulsoor, Bangalore - 560008, India
T: +91-80-4936-1234
For more information, see the hotel website

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