Special Training Seminar at Palisade HQ

A special “Introduction to Risk and Decision Assessment” seminar will be held at Palisade’s high-tech training center in the company’s new headquarters building. Taking place September 19 and 20 in Ithaca, NY, this will be the first public training seminar conducted in the new facility.

Great Training, Great Location
Benefit from the same expert training Palisade offers in major cities around the world. Equipped with state-of-the-art video projectors, wireless microphones, and electronic whiteboards, Palisade’s new training center is sure to enhance your learning experience. While you’re here, you will have the opportunity to tour the new headquarters, meet key Palisade people, and enjoy the views of Cayuga Lake, the longest of the famous New York Finger Lakes.

Dinner on the Water
To celebrate this inaugural training seminar, Palisade will host a dinner cruise on the evening of September 19th. Seminar attendees will experience the beauty of Cayuga Lake aboard the MV Manhattan. We hope you can join us for this special event.
Learn about the Ithaca seminar
Register for the Ithaca seminar
Palisade Seminar Schedule

REGIONAL SEMINARS

Introduction to Risk and Decision Assessment
   • Seattle: 8 - 9 Aug
   • Montreal: 22 - 23 Augt
   • Nashville: 12 - 13 Sept
   • Ithaca, NY: 19 - 20 Sept
     At Palisade's New Headquarters!
   • Southfield (Detroit), MI: 24 - 25 Oct

Análise de Risco e de Decisão utilizando @RISK e DecisionTools
   • São Paulo, Brasil: 15 - 16 setembro

Evaluación de riesgo para usuarios principiantes / intermedios
   • Bogotá, Colombia: del 19 al 21 de septiembre

Project Risk Assessment Using @RISK for Project
   • Philadelphia: 26 - 27 Sept

Risk Assessment Training: Oil & Gas Focus
   • Calgary: 26 - 28 Sept
LIVE WEB TRAINING

Introduction to Risk and Decision Assessment
   • 19, 20, 22, 23 Sept 2005, 12 - 4 pm ET

Intermediate/Advanced Risk Assessment
   • 10, 11, 17, 18 Oct 2005, 12 - 4 pm ET

Palisade Training
Register for Training
20th Anniversary Risk Short Courses

ModelAssist Risk Analysis Tip

How Many Iterations Should I Use?
Many @RISK users ask, “How many iterations should I use for my Monte Carlo simulation run?” A new Risk Analysis Tip from ModelAssist for @RISK provides insight into that frequently asked question.

In general, the number of iterations are affected by two opposing pressures:

  • Too few iterations will give you inaccurate outputs and graphs (particularly histogram plots) that look ‘scruffy’
  • Too many iterations will take a longer time to simulate, and may take even longer to plot graphs or export and analyze data afterwards

The Minimum Number of Iterations for a Monte Carlo simulation
The short answer for general risk models, burdened with many caveats, is ‘use no less than 300 iterations’. At 300 iterations you start to get a reasonably well defined cumulative distribution, so you can read off percentiles and the mean is pretty well determined for most output distributions. At the high end, 3000 iterations will usually give you highly repeatable results and scatter plots are still easy to read.

ModelAssist for @RISK by Vose Consulting is the most comprehensive risk analysis training and reference tool for @RISK users! With over 500 risk analysis topics, many videos, quizzes and over 140 example models, ModelAssist will unleash the full power of @RISK and bring you to the next level of quantitative risk analysis.
Project Risk Management Book

Project Risk Management Guidelines:
Managing Risk in Large Projects and Complex Procurements
By Dale Cooper, Stephen Grey, Geoffrey Raymond, & Phil Walker

Project Risk Management Guidelines - Managing Risk in Large Projects and Complex Procurements describes principles, practices, and techniques for effective risk management in complex and large-scale projects and procurements. The authors present simple, practical steps and illustrate them with examples drawn from their extensive experience across difference countries, sectors, cultures and project phases.

Qualitative and quantitative approaches are covered, including a detailed quantitative project risk analysis using Palisade’s @RISK. Unique in its focus and featuring a wealth of checklists, tables and other resources, this book will prove an essential and enduring tool for anyone involved with large scale projects.
Buy this book

Visit http://www.palisade.com . E-mail comments or suggestions to: sales@palisade.com .
©2005 Palisade Corporation, 798 Cascadilla Street, Ithaca, NY 14850 USA
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