Palisade
Live Chat
Case Studies
Recently Added
University of Tasmania
Product: @RISK
Application: Evaluating production strategies for salmon farming
Industry: Agriculture/Aquaculture
National Grid UK
Product: @RISK
Application: Modeling electricity network restoration performance
Industry: Energy & Utilities
Solis Financial Forensics LLC
Product: @RISK
Application: Projecting Economic Damages for Attorneys Involved in Complex Lawsuits
Industry: Financial Forensics
CONTI-Group
Product: @RISK
Application: Financial Planning for Shipping Investment Funds
Industry: Shipping/Transport
Major Utility in Eastern US
Product: The DecisionTools Suite
Application: Load Forecasting
Industry: Utilities
Amway
Product: Custom Development
Application: Long-Range Capacity Planning
Industry: Manufacturing
L.E. Peabody & Associates
Product: @RISK
Application: Real Option Valuations of Power Plants
Industry: Energy & Utilities
Louisiana Department of Health
Product: Custom Development
Application: Large-scale Hospital Evacuation Planning
Industry: Government
Pellegrino & Associates
Product: @RISK
Application: Intellectual Property Valuation
Industry: Finance
Integral Consulting
Product: @RISK
Application: Mine Remediation
Industry: Environmental
University Of Victoria
Product: @RISK
Application: Lifetime Excess Cancer Risk
Industry: Academic
Rusnano
Product: The DecisionTools Suite
Application: Private equity investment in nanotechnology
Industry: Finance
MRAG Asia Pacific
Product: @RISK
Application: Quantifying Illegal Fishing
Industry: Environment
Netconomy
Product: @RISK
Application: Budget Forecasting
Industry: Finance
Department of Energy and Climate Change
Product: @RISK
Application: Carbon emission forecasts
Industry: Government
Academic
Brazilian Petroleum Institute
Product: @RISK
Application: Oil Exploration
Bucknell University
Product: PrecisionTree
Application: Technology Implementation
Cambridge University
Product: @RISK
Application: Climate Change
Columbia University
Product: @RISK
Application: Energy and Public Policy
Cornell University
Product: @RISK
Application: Financial Management
Curtin University of Technology
Product: @RISK
Application: Statistical analysis
DePaul University/Advanced Analytics LLC
Product: DecisionTools Suite
Application: Sports Wagering
Illinois State University
Product: @RISK
Application: Pharmaceutical R&D, Net Present Value, Internal Rate of Return
Illinois State University
Product: @RISK
Application: Real Options and Finance
INCAE Business School
Product: @RISK
Application: Finance and Capital Markets
Johnson Graduate School of Management, Cornell University
Product: @RISK
Application: Election Forecasting
Missouri University of Science and Technology
Product: @RISK
Application: Mining Engineering
Pace University
Product: StatTools, DecisionTools Suite
Application: Operations Research
Shanghai Jiao Tong University
Product: DecisionTools Suite
Application: Engineering system design and optimization
Swinburne University of Technology
Product: @RISK
Application: Venture Capital Management
Technical University of Denmark
Product: @RISK
Application: Transportation research
Tulane University
Product: @RISK
Application: Food Safety
University of Houston
Product: DecisionTools Suite
Application: Managerial Decision Making
University of London Royal Veterinary College / EpiX Analytics
Product: @RISK
Application: Health and food safety
University Melbourne
Product: @RISK
Application: Forecasting Dairy Operating Profits
University of New Brunswick
Product: @RISK
Application: Reducing Environmental Impact of Commercial Aquaculture
University of Pennsylvania
Product: DecisionTools Suite
Application: Organizational Dynamics
University of Pretoria
Product: DecisionTools Suite, @RISK, TopRank
Application: Viral Exposure
University of Toronto
Product: DecisionTools Suite
Application: Financial Management
University Of Victoria
Product: @RISK
Application: Lifetime Excess Cancer Risk
University of Witwatersrand
Product: @RISK
Application: Mining Engineering
Virginia Commonwealth University
Product: @RISK
Application: Value at Risk Analysis

READ ALSO
In Agriculture:
Cornell University / Purdue University
Product: @RISK
Application: Agriculture Policy Assessment
University of Buenos Aires
Product: @RISK
Application: Agricultural Investment
University of Tokyo
Product: @RISK
Application: Agriculture
In Environment:
Cornell University /
Lower Colorado River Authority

Product: @RISK
Application: Natural Resource Mgmt
In Energy:
Cranfield University
Product: @RISK
Application: Equipment Reliability
In Finance:
London Business School /
Novartis Pharmaceutical

Product: @RISK, PrecisionTree, RISKOptimizer, DecisionTools Suite
Application: Portfolio Management
In Medical:
Royal Veterinary College
Product: @RISK
Application: Disease Prevention
Energy & Utilities
Abu Dhabi Water &
Electricity Company

Product: @RISK
Application: Demand Forecasting
Águas do Douro e Paiva
Product: @RISK
Application: Cost Reduction
Alesco Risk Management
Services Limited

Product: @RISK
Application: Risk modelling to determine optimum risk financing and insurance strategies
BC Hydro
Product: @RISK
Application: Project Analysis
Bigen Africa
Product: @RISK
Application: Demand and Cost Forecasting
Blade Energy
Product: @RISK
Application: Drilling Productivity
Carnegie Mellon University / Pittsburgh Technical
Product: @RISK
Application: Mitigating project schedule and cost overrun risk
Cinergy
Product: @RISK
Application: Acquisitions Analysis
Cranfield University
Product: @RISK
Application: Equipment Reliability
Det Norske Veritas (DNV)
Product: @RISK
Application: ROI of Different Projects
ECN
Product: @RISK
Application: Financial analysis of offshore wind farms
Enex
Product: DecisionTools Suite
Application: Project Planning
Fitness First
Product: @RISK, RISKOptimizer
Application: Energy Budget Resilience Optimization
Fluor Corporation
Product: @RISK
Application: Oil and Gas Estimating
Futuremetrics
Product: @RISK
Application: Price Hedging
Grupo ISA
Product: @RISK
Application: Investment Analysis
Hydroelectric Power in Colombia
Product: @RISK
Application: Cost estimation
IHS Energy Group
Product: @RISK Developer Kit
Application: Exploration, Drilling, and Production Analysis
Integrating Renewables with Electricity Storage
Product: @RISK
Application: Energy supply and Electricity Demand
L.E. Peabody & Associates
Product: @RISK
Application: Real Option Valuations of Power Plants
Major Utility in Eastern US
Product: The DecisionTools Suite
Application: Load Forecasting
Metaproject
Product: @RISK, PrecisionTree
Application: Rescue Operations
National Grid UK
Product: @RISK
Application: Modeling electricity network restoration
Northern Indiana
Public Service Company

Product: @RISK, Evolver, RISKOptimizer
Application: Pricing, Production Allocation for Regulation Compliance
Petrobras
Product: @RISK
Application: Exploration & Production
RiskAdvisory
Product: @RISK Developer Kit
Application: Energy Production and Pricing
Rudd Asset Management (RAM)
Product: @RISK
Application: Waste disposal and renewable energy
Sark7
Product: Decision Tools Suite (@RISK, Precision Tree and Evolver)
Application: Optimising the business case for sustainable energy projects
Tioga Energy
Product: @RISK
Application: Solar energy savings
Transelectrica
Product: @RISK
Application: Measuring and Mitigating Open Market Risk
WEnergy Global
Product: @RISK
Application: Return on Investment

SEE ALSO:
Halcrow
Product: @RISK
Application: Flood Protection

SEE ALSO: INDUSTRY MODELS
» Energy Models

Environment
Air and Waste Management Association
Product: @RISK
Application: Estimating vehicles on congested roads
Aspinall & Associates
Product: @RISK, PrecisionTree, DecisionTools Suite
Application: Disaster Planning
Australian Department of Climate Change
Product: @RISK
Application: Climate Change and Flooding Risk Assessment
Bristol’s Environmental Risk Research Centre (BRISK)
Product: DecisionTools Suite
Application: Disaster Planning
Cornell University /
Lower Colorado River Authority

Product: @RISK
Application: Natural Resource Management
Greenup Locks and Dam
Product: @RISK
Application: Dam maintenance and repair
Halcrow
Product: @RISK
Application: Flood Protection
Halcrow Group Ltd /
UK Environment Agency

Product: @RISK
Application: Flood Management
Integral Consulting
Product: @RISK
Application: Mine Remediation
Kennecott Utah Copper
Product: @RISK
Application: Pollution Cleanup
MRAG Asia Pacific
Industry: Environment
Application: Quantifying Illegal Fishing
NOAA Fisheries
Product: @RISK
Application: Estimating effects of dams on Atlantic salmon population dynamics
Purdue University
Product: @RISK
Application: Cost-benefit analysis of biofuel production under two government policies
Triangle Economic Research
Product: @RISK, PrecisionTree
Application: Pollution Cleanup
University of California, Berkeley
Product: @RISK
Application: Modeling extinction risk for Endangered Species
World Conservation Union
Product: @RISK, PrecisionTree, DecisionTools Suite
Application: Endangered Species Protection

READ ALSO
In Academic:
Cambridge University
Product: @RISK
Application: Climate Change
Sark7
Product: Decision Tools Suite (@RISK, Precision Tree and Evolver)
Application: Optimising the business case for sustainable energy projects
In Agriculture:
World Aquatic Veterinary Medical Association (WAVMA)
Product: @RISK
Application: Helping aquatic farmers to make informed choices that reduce risk of disease in their animals without extensive and costly testing
Finance
Albert Fensterstock Associates
Product: NeuralTools
Application: Credit and debt risk analysis
Benemerita Universidad Autonoma de Puebla
Product: @RISK
Application: Derivatives Pricing
Cynametrix
Product: DecisionTools Suite
Application: Portfolio Optimization including IDB
FiduciaryVest
Product: @RISK
Application: Asset Allocation, Value-at-Risk
George Washington University
Product: @RISK & RISKOptimizer
Application: Debt Portfolios, Capital Investments
London Business School /
Novartis Pharmaceutical

Product: @RISK, PrecisionTree, RISKOptimizer, DecisionTools Suite
Application: Portfolio Management
LStar Capital
Product: @RISK
Application: Risk Quantification in Film Financing
Merck
Product: @RISK
Application: Value-at-Risk Exchange Rate
Netconomy
Product: @RISK
Application: Budget Forecasting
Nighthawk Intelligence
Product: DecisionTools Suite
Application: Private label credit card (PLCC) accounts for major electronics retailer
Pellegrino & Associates
Product: @RISK
Application: Intellectual Property Valuation
Performance Thinking & Technologies
Product: @RISK & RISKOptimizer
Application: Hedge Fund management
Procter & Gamble
Product: @RISK, PrecisionTree, DecisionTools Suite
Application: Production Siting, New Product Analysis, Exchange Rate Analysis, Real Options
Risqworx
Product: @RISK
Application: Calculating investment risk and ROI
Rusnano
Industry: Finance/Banking
Application: Private equity investment in nanotechnology
RoseCap Investment Advisors
Product: @RISK
Application: Valuation of Direct Investment
Solis Financial Forensics LLC
Product: @RISK
Application: Projecting Economic Damages for Attorneys Involved in Complex Lawsuits

READ ALSO
In Academic:
Swinburne University of Technology
Product: @RISK
Application: Venture Capital Management
In Energy:
Cinergy
Product: @RISK
Application: Acquisitions Analysis
Grupo ISA
Product: @RISK
Application: Investment Analysis
In Government:
Her Majesty's Prison Service
Product: @RISK
Application: Cash Flow Analysis
In Insurance/Reinsurance:
Society of Actuaries /
Casualty Actuary Society

Product: @RISK
Application: Pension and Insurance Planning

SEE ALSO: INDUSTRY MODELS
» Finance/Banking Models
Recently Added
University of Tasmania
Product: @RISK
Application: Evaluating production strategies for salmon farming
Industry: Agriculture/Aquaculture
National Grid UK
Product: @RISK
Application: Modeling electricity network restoration performance
Industry: Energy & Utilities
Solis Financial Forensics LLC
Product: @RISK
Application: Projecting Economic Damages for Attorneys Involved in Complex Lawsuits
Industry: Financial Forensics
CONTI-Group
Product: @RISK
Application: Financial Planning for Shipping Investment Funds
Industry: Shipping/Transport
Major Utility in Eastern US
Product: The DecisionTools Suite
Application: Load Forecasting
Industry: Utilities
Amway
Product: Custom Development
Application: Long-Range Capacity Planning
Industry: Manufacturing
L.E. Peabody & Associates
Product: @RISK
Application: Real Option Valuations of Power Plants
Industry: Energy & Utilities
Louisiana Department of Health
Product: Custom Development
Application: Large-scale Hospital Evacuation Planning
Industry: Government
Pellegrino & Associates
Product: @RISK
Application: Intellectual Property Valuation
Industry: Finance
Integral Consulting
Product: @RISK
Application: Mine Remediation
Industry: Environmental
University Of Victoria
Product: @RISK
Application: Lifetime Excess Cancer Risk
Industry: Academic
Rusnano
Product: The DecisionTools Suite
Application: Private equity investment in nanotechnology
Industry: Finance
MRAG Asia Pacific
Product: @RISK
Application: Quantifying Illegal Fishing
Industry: Environment
Netconomy
Product: @RISK
Application: Budget Forecasting
Industry: Finance
Department of Energy and Climate Change
Product: @RISK
Application: Carbon emission forecasts
Industry: Government
DecisionTools Suite Cases
Aspinall & Associates
Industry: Environment
Application: Disaster Planning
Bristol’s Environmental Risk Research Centre (BRISK)
Industry: Environment
Application: Disaster Planning
Cal Poly, San Luis Obispo
Industry: Agriculture
Application: Financial Risk Management in Agriculture
Captum Capital
Industry: Healthcare/Pharmaceutical
Application: rNPV of New Companies and Technologies
Cynametrix
Industry: Finance
Application: Portfolio Optimization including IDB
DePaul University/Advanced Analytics LLC
Industry: Academia
Application: Sports Wagering
DNV GL SE
Industry: Shipping
Application: Risk and cost-benefit analysis to enhance the safety of ships and ship systems
Enex
Industry: Energy
Application: Geothermal Power Plant Equipment Procurement
Linksbridge SPC
Industry: Non-Profit
Application: Evaluating Efficacy of Public Health Initiatives
Logion BV
Industry: Transportation
Application: Transportation, Distribution, and Inventory Management
London Business School /
Novartis Pharmaceutical

Industry: Financing/Banking
Application: Portfolio Management
Major Utility in Eastern US
Industry: Utilities
Application: Load Forecasting
MegaFon
Industry: Telecommunications
Application: Enterprise Risk Management
Met-Mex Peñoles
Industry: Six Sigma
Application: Six Sigma Design of Experiments
Nighthawk Intelligence
Industry: Finance
Application: Private label credit card (PLCC) accounts for major electronics retailer
Novelis
Industry: Manufacturing
Application: Project Evaluation
PragmaRisk
Industry: Engineering, Construction
Application: Project cost and schedule risk analysis
Procter & Gamble
Industry: Academic
Application: Production Siting, New Product Analysis, Exchange Rate Analysis, Real Options
Rusnano
Industry: Finance/Banking
Application: Private equity investment in nanotechnology
Sark7
Industry: Sustainable energy (project consulting)
Application: Optimising the business case for sustainable energy projects
Shanghai Jiao Tong University
Industry: Finance
Application: Engineering system design and optimization
Triangle Economic Research
Industry: Environment
Application: Pollution Cleanup
Unilever
Industry: Manufacturing
Application: Product launch, capex, and many others
University of California San Diego School of Medicine
Industry: Healthcare / Pharmaceutical
Application: Public Health screening
University of Houston
Industry: Energy, Finance, Medical, and more
Application: Managerial Decision Making
University of Toronto
Industry: Academic
Application: Financial Management
University of Pretoria
Industry: Sciences
Application: Viral Exposure
World Conservation Union
Industry: Environment
Application: Endangered Species Protection

SEE ALSO
In StatTools:
Pace University
Industry: Academic
Application: Operations Research

In @RISK:
Northern Indiana
Public Service Company

Industry: Energy
Application: Pricing, Production Allocation for Regulation Compliance


@RISK Cases
Abu Dhabi Water &
Electricity Company

Industry: Energy and Utilities
Application: Demand Forecasting
African Risk Capacity (ARC)
Industry: Insurance/Reinsurance
Application: Assessing Catastrophic Drought Risk
Air and Waste Management Association
Industry: Environment
Application: Estimating vehicles on congested roads
Alesco Risk Management
Services Limited

Industry: Energy
Application: Risk modelling to determine optimum risk financing and insurance strategies
Amway
Services Limited

Industry: Manufacturing
Application: Long-Range Capacity Planning
Analytics
Industry: Academic
Application: Health and food safety
Águas do Douro e Paiva
Industry: Energy
Application: Cost Reduction
AgustaWestland
Industry: Aerospace
Application: New product development, feasibility studies, business initiatives
Antea Group
Industry: Environment
Application: Cost Justification of Water Recycling Systems
ARC of Yates
Industry: Non-Profit
Application: Budget Forecasting
Australian Department of Climate Change
Industry: Environment
Application: Climate Change and Flooding Risk Assessment
BC Hydro
Industry: Energy
Application: Project Analysis
Benemerita Universidad Autonoma de Puebla
Industry: Finance
Application: Derivatives Pricing
Bigen Africa
Industry: Energy & Utilities
Application: Demand and Cost Forecasting
Blade Energy
Industry: Energy
Application: Drilling Productivity
Brazilian Petroleum Institute
Industry: Academic
Application: Oil Exploration
Broadleaf Capital International
Industry: Mining
Application: Schedule and Cost Risk, Project Management
Cambridge University
Industry: Academic
Application: Climate Change
Carnegie Mellon University / Pittsburgh Technical
Industry: Nuclear Energy / Energy Infrastructure
Application: Mitigating project schedule and cost overrun risk
Centre for Traffic
& Transport, Denmark

Industry: Transportation
Application: Transportation Planning
Cinergy
Industry: Energy
Application: Acquisitions Analysis
City of Edmonton / SMA Consulting
Industry: Transportation / Government
Application: Project management
Columbia University
Industry: Academic
Application: Energy and Public Policy
CONTI-Group
Industry: Shipping/Transport
Application: Financial Planning for Shipping Investment Funds
Cornell University
Industry: Academic
Application: Financial Management
CP Risk Solutions/
Illinois State University

Industry: Insurance
Application: Reinsurance Strategy
CP Risk Solutions/Illinois State University
Industry: Manufacturing
Application: Factory Shutdown
Cranfield University
Industry: Energy
Application: Equipment Reliability
Cornell University/
Lower Colorado River Authority

Industry: Environment
Application: Natural Resource Mgmt
Cornell University
Industry: Agriculture
Application: Agriculture Policy Assessment
Cummins Inc.
Industry: Six Sigma
Application: Six Sigma Quality Analysis
Curtin University of Technology
Industry: Academic
Application: Statistical analysis
Department of Energy and Climate Change
Industry: Government
Application: Carbon emission forecasts
Deloitte
Industry: Insurance/Reinsurance
Application: Cell Captive Insurance
Deloitte AIS
Industry: Insurance/Reinsurance
Application: Financial Planning for Environmental Rehabilitation
Det Norske Veritas (DNV)
Industry: Energy
Application: ROI of Different Projects
DNV GL
Industry: Energy
Application: Project Risk Management, Enterprise Risk Management, SHE Risk Management, Operational Risk Management
ECN
Industry: Energy research organisation
Application: Financial analysis of offshore wind farms
ENGCOMP
Industry: Government/Defense
Application: Budgeting
Federal Highway Adminstration
Industry: Transportation
Application: Pavement Cost Analysis
FiduciaryVest
Industry: Finance
Application: Asset Allocation, Value-at-Risk
Fitness First
Industry: Energy / Utilities
Application: Energy Budget Resilience Optimization
Fluor Corporation
Industry: Energy
Application: Oil and Gas Estimating
Fort McMurray Airport Authority (FMAA) / Revay and Associates Ltd.
Industry:Transportation
Application: Enterprise Risk Management (ERM)
Futuremetrics
Industry: Energy
Application: Price Hedging
Gemeente Hoorn
Industry: Government
Application: Urban Planning
Graphic Era University - Dehradun
Industry: Manufacturing
Application: Supply Chain Management
George Washington University
Industry: Finance
Application: Debt Portfolios, Capital Investments
Greenup Locks and Dam
Industry: Energy
Application: Dam maintenance and repair
Grupo ISA
Industry: Energy
Application: Investment Analysis
Halcrow
Industry: Energy & Utilities
Application: Flood Protection
Halcrow Group Ltd /
UK Environment Agency

Industry: Environment
Application: Flood Management
Her Majesty's Prison Service
Industry: Government
Application: Cash Flow Analysis
Hospital Clinic Barcelona
Industry: Medical
Application: Blood Screening
Hydroelectric Power in Colombia
Industry: Energy
Application: Cost estimation
Illinois State University
Industry: Academic / Pharmaceutical
Application: Pharmaceutical R&D, Net Present Value, Internal Rate of Return
Illinois State University
Industry: Academic
Application: Real Options and Finance
INCAE Business School
Industry: Academic
Application: Finance and Capital Markets
Integral Consulting
Industry: Environment
Application: Mine Remediation
Integrating Renewables with Electricity Storage
Industry: Energy & Utilities
Application: Energy Supply and Electricity Demand
JB Scherer Consulting Group LLC
Industry: Manufacturing
Application: Future Net Income Forecasting
Johnson Graduate School of Management, Cornell University
Industry: Academic / Politics
Application: Election Forecasting
Kewpie Corporation and University of Tokyo
Industry: Agriculture
Application: Food Safety
Katrina Disaster Response Center
Industry: Government
Application: Disaster Response Planning
Kennecott Utah Copper
Industry: Environment
Application: Pollution Cleanup
KSU College of Veterinary Medicine
Industry: Agriculture
Application: Biosecurity to Avoid Disease Introduction
Kuwait Environment Public Authority
Industry: Government
Application: Air Quality
Larsen & Toubro Institute of
Project Management

Industry: Manufacturing
Application: Project Management
L.E. Peabody & Associates
Industry: Energy & Utilities
Application: Real Option Valuations of Power Plants
Lockheed Martin / NASA
Industry: Aerospace
Application: Schedule risk assessment
Louisiana Department of Health
Industry: Government
Application: Large-scale Hospital Evacuation Planning
LStar Capital
Industry: Finance
Application: Risk Quantification in Film Financing
Merck
Industry: Finance/Banking
Application: Value-at-Risk Exchange Rate
Missouri University of Science and Technology
Industry: Academic
Application: Mining Engineering
MRAG Asia Pacific
Industry: Environment
Application: Quantifying Illegal Fishing
Murray & Roberts
Industry: Construction
Application: Evaluating enterprise risks using risk modelling for a cash flow based approach
National Grid UK
Industry: Energy & Utilities
Application: Modeling electricity network restoration performance
Netconomy
Industry: Finance
Application: Budget Forecasting
New York City Department
of Health and Mental Hygiene

Industry: Medical
Application: Future Pandemic Planning
Northern Indiana
Public Service Company

Industry: Energy
Application: Pricing, Production Allocation for Regulation Compliance
NOAA Fisheries
Industry: Environment
Application: Estimating effects of dams on Atlantic salmon population dynamics
Pantektor AB
Industry: Construction
Application: Fire Risk Mitigation
Pareto Solutions
Industry: Government
Application: Budget Projection
Patrick Engineering
Industry: Construction
Application: Cost and Schedule Risk Analysis
RD&I Consulting
Industry: Construction
Application: Fehmarn Belt Fixed Link
Pellegrino & Associates
Industry: Finance
Application: Intellectual Property Valuation
Petrobras
Industry: Energy
Application: Exploration & Production
Preformed Line Products
Industry: Manufacturing
Application: Tolerance Stacking
ProjectPMO
Industry: Aerospace
Application: Schedule and Cost Risk, Project Management
Post Danmark / PricewaterhouseCoopers
Industry: Government
Application: Insurance Premium Reduction
Purdue University
Industry: Environment, Government
Application: Cost-benefit analysis of biofuel production under two government policies
RisqWorx
Industry: Property
Application: Calculating investment risk and ROI
Royal Veterinary College
Industry: Medical
Application: Disease Prevention
RoseCap
Industry: Finance/Banking
Application: Valuation of Direct Investment
Rudd Asset Management (RAM)
Industry: Energy
Application: Waste disposal and renewable energy
Scottsdale Insurance Company
Industry: Insurance
Application: Comparing commercial properties; RAROC
Shanghai Food and Drug Administration
Industry: Government
Application: Food safety, monitoring contaminants
Slovak Rail Company
Industry: Transportation
Application: Capital Investment
Society of Actuaries/
Casualty Actuary Society

Industry: Insurance/Reinsurance
Application: Pension and Insurance Planning
Solis Financial Forensics LLC
Industry: Financial Forensics
Application: Projecting Economic Damages for Attorneys Involved in Complex Lawsuits.
Solvĕre
Industry: Transportation
Application: Transportation Infrastructure
Swinburne University of Technology
Industry: Academic
Application: Venture Capital Management
SzigmaSzervíz Ltd
Industry: Manufacturing
Application: Project Management
Technical University of Denmark
Industry: Academic
Application: Transportation research
Thales Group
Industry: Manufacturing
Application: Market Feasibility
Tioga Energy
Industry: Energy
Application: Solar energy savings
Transelectrica
Industry: Power
Application: Measuring and Mitigating Open Market Risk
Transae/Réseau Ferré de France
Industry: Transportation
Application: PPP rail project financing
Transnet
Industry: Transportation
Application: Freight Transport
Tulane University
Industry: Academic
Application: Food Safety
UK Ministry of Defence
Industry: Defence
Application: Project Management
University of Arkansas
Industry:Agriculture
Application: Analyzing Hybrid Varieties of Rice Crops
University of Buenos Aires
Industry: Agriculture
Application: Agricultural Investment
University of California, Berkeley
Industry: Environment
Application: Modeling extinction risk for Endangered Species
University Melbourne
Industry: Academic / Agriculture
Application: Forecasting Dairy Operating Profits
University of New Brunswick
Industry: Academic / Agriculture
Application: Reducing Environmental Impact of Commercial Aquaculture
University of Pennsylvania
Industry: Academic
Application: Organizational Dynamics
University of Texas Southwestern Medical Center
Industry: Health
Application: Evaluating kidney function for organ transplant
University of Tasmania
Industry: Agriculture/Aquaculture
Application: Evaluating production strategies for salmon farming
University of Tokyo
Industry: Agriculture
Application: Food safety, detection of BSE
University Of Victoria
Industry: Academic
Application: Lifetime Excess Cancer Risk
University of Witwatersrand
Industry: Academic
Application: Mining Engineering
US Army Materiel Systems Analysis Activity (AMSAA)
Industry: Government / Defense
Application: Schedule and Cost Risk for Acquisitions
Value Management Strategies, Inc.
Industry: Government, Manufacturing
Application: Project management, cost estimation, event risk
Virginia Commonwealth University
Industry: Academic
Application: Value at Risk Analysis
Visual Reporting / Danish Government / Agency for Digitisation
Industry: Government, IT
Application: Risk assessment of major IT projects
WEnergy Global
Industry: Energy
Application: Return on Investment
Wright Homes
Industry: Construction
Application: Real Estate Development
World Aquatic Veterinary Medical Association (WAVMA)
Industry: Environment
Application: Aquaculture and biosecurity

SEE ALSO: INDUSTRY MODELS
» Example Models

In DecisionTools Suite:
Aspinall & Associates
Industry: Environment
Application: Disaster Planning
Enex
Industry: Energy
Application: Geothermal Power Plant Equipment Procurement
Logion BV
Industry: Transportation
Application: Transportation, Distribution, and Inventory Management
London Business School /
Novartis Pharmaceutical

Industry: Financing/Banking
Application: Portfolio Management
Triangle Economic Research
Industry: Environment
Application: Pollution Cleanup
Procter & Gamble
Industry: Finance
Application: Production Siting, New Product Analysis, Exchange Rate Analysis, Real Options
World Conservation Union
Industry: Environment
Application: Endangered Species Protection

In @RISK Developer Kit:
London Underground / Istria
Industry: Transportation
Application: Transportation Safety and Investments

In Evolver:
Mettler Consulting
Industry: Insurance/Reinsurance
Application: Enterprise Resource Planning


Using BigPicture Software, First Principles Consulting Improves Operations for Mining Clients

Summary
First Principles Consulting (FPC), located in Australia, uses BigPicture to create Value Driver Trees for mining clients. Value Driver Trees are tools used to split out value-based metrics (such as EVA and ROI) into sub-metrics in order to determine the source of value being added. Value drivers can be measures of growth, margins, capital efficiency, and more. The consultants of FPC help their clients improve operational effectiveness and efficiency. They had long been looking for a tool to format Value Driver Trees within Excel that integrated the tree with their calculations. BigPicture for Excel allows visual shapes, called topics, to display data that calculate and update in real time as the underlying linked data changes. This enables FPC to easily create large, branching Value Driver Trees that demonstrate what-if scenarios for its clients.

Background
Mining is a significant primary industry and contributor to the Australian economy. First Principles Consulting focuses on improving management and operational effectiveness for clients in the mining sector.

First Principles helps clients put systems in place that enable managers to do their jobs more efficiently, from the operational level to mid-management to the C-suite. An effective approach will have everyone participating in a similar process of planning and getting work done, and then checking and adjusting plans to suit.

Creating Value Driver Trees in Excel with BigPicture
How is it possible to map out an effective management plan for an entire mining operation? An essential part of the process is identifying all the components that drive value, throughput, or quality. Each contributing factor is identified and mapped in a process map called a Value Driver Tree. A well-planned process ideally brings more throughput for less cost, and better utilization of critical assets.

A Value Driver Tree created by First Principals Consulting using BigPicture.

Because the Value Driver Trees are an important part of the process and a powerful tool, FPC consultant Patrick Mullen devoted a lot of effort to them. He initially spent a lot of time constructing the maps by hand using Excel’s drawing tools.

“Previously I drew the Value Driver Trees with great difficulty using the drawing tools in Excel –grabbing cells, highlighting, and putting boxes around them,” explains Mullen. “It was an enormous job.”

The finished product would be a fairly static map with no linked data. All future adjustments were a laborious, manual process. Because some of FPC’s maps are gigantic with hundreds of topics, updating the Value Driver Tree consumed a lot of effort. And because the hand-drawn maps had limited functionality, the best use of them was to print out on large format paper, with the myriad of detail barely readable.

BigPicture gives First Principles Consulting a powerful toolset to make Value Driver Trees dynamic – automatically updating as source data changes – and flexible for presentations and demonstrations with clients.

“There has been a gap in the market for a tool that isn’t just a visual tool like a mind map, but has calculation powers behind it,” says Mark Franklin, owner and principal of First Principles Consulting. “We were pretty happy to find BigPicture.”

“The payback on BigPicture is a no-brainer,” adds Mullen. “Payback comes in less than a day.”

Flexibility and Live Calculations Help Stakeholders See the Big Picture
First Principles Consulting uses Value Driver Trees to keep track of the complexity of the job for themselves, and for meetings and presentations with clients. The Value Driver Trees aren’t the end product – they are a tool to help determine the correct KPIs (key performance indicators) the team should be measuring.

KPIs are the factors that might impact the amount of ore that can be hauled out of the mines, the number of drivers to drive trucks, the number of excavators available to load the trucks, the waiting time to get to the dump, actual ground conditions, different types of rock that make up the ore, breakdown delays, weather delays, operational delays, and so forth.

“Typically everybody works within their jobs, but they don't really get the ‘big picture,’” Franklin says with a laugh, acknowledging the appropriateness of the software’s name. “They don't know how their work affects processes upstream and downstream other than just intuitively.”

Color-coded BigPicture maps lets FPC and its clients see the entire process – the “big picture.”

BigPicture changes all that. With BigPicture, FPC is able to make maps that are large enough to handle their projects, but still manageable via hide/collapse display options, formatting, and reporting. FPC’s BigPicture maps are also color-coded and contain images, further providing visual cues to stakeholders to make the maps even more navigable and accessible. Now, team members are able to see what their area of control is and how it impacts the project, upstream suppliers, and downstream customers. First Principles uses the dynamic Value Driver Trees to give team members an overview of the whole project–and how they fit in–helping in education and communication.

Furthermore, BigPicture’s capability for live calculations has brought new functionality that the static Value Driver Trees of the past couldn’t match. “With BigPicture’s ability for live spreadsheet calculations in the Value Driver Trees, we can do What Ifs with different criteria,” explains Mullen. “If we change the number of hours we’ve got available, how does it change the outcome? The calculations flow all the way through the chain.”

“Being able to create that chart or map with calculating cells that update in real time as you change the data behind them – that's the key,” says Mullen.

BigPicture Brings Benefits to both First Principles and their Clients
BigPicture has made a formerly laborious process much easier. Patrick Mullen reports that he was able to create Value Driver Trees using BigPicture on the first day. “BigPicture is very intuitive,” he says. “I use Excel all the time, so I didn't find it a big step out of my comfort zone.”

Value Driver Trees are a valuable tool in the work of First Principles Consulting, and using BigPicture has made the task more accessible. “BigPicture takes all of the difficulty out of creating maps in Excel. If you're going to spend days building up one of these maps, it's hard to sell that to a client,” explains Mullen. “Whereas if it's a relatively speedy process to create the Excel artifact using BigPicture, that's a much better proposition.” Both First Principles and their clients have already seen quick returns.

» BigPicture
» First Principles Consulting

Palisade Corporation
798 Cascadilla Street
Ithaca, NY 14850-3239
800 432 RISK (US/Can)
+1 607 277 8000
+1 607 277 8001 fax
sales@palisade.com
Palisade EMEA & India
+44 1895 425050 salesEMEA@palisade.com
salesIndia@palisade.com
Palisade Asia-Pacific
+61 2 9252 5922
salesAP@palisade.com
Palisade アジア・
パシフィック東京事務所
+81 3 5456 5287 tel
sales.jp@palisade.com
www.palisade.com/jp/
Palisade Latinoamérica
+1 607 277 8000 x318
+54-1152528795  Argentina
+56-25813492 Chile
+507-8365675 Panamá
+52 55 5350 2852 México
+511-7086781 Perú
+57-15085187 Colombia
servicioalcliente@palisade.com
ventas@palisade.com
www.palisade-lta.com
Palisade Brasil
+55 (21) 3958 1443
+1 607 277 8000 x318 tel
vendas@palisade.com
www.palisade-br.com