Decision-Making and Quantitative Risk Analysis using @RISK, Part II
Includes an introduction to the use of @RISK with other DecisionTools software

Part II of our @RISK-specific training consists of two 4-hour sessions spread over 2 days and builds upon the concepts and methods covered in Part I to further develop risk assessment skills and the ability to make a defensible decision under uncertainty.  By the end of the course, attendees should be able to perform defensible risk assessments using the @RISK software.

Materials presented in Part II build upon those presented in Part I. Therefore, it is highly recommended that registrants have completed the Part I course or demonstrate a strong working knowledge and experience in @RISK 5.0.

Correlation and Interdependence
  1. Correlating Risk Inputs
    1. Impact
    2. Simple Calculation Example
  2. Correlation Methodology
    1. Pearson
    2. Rank
    3. Application
  3. Time Dependent Risk
    1. Impact
    2. Application
    3. Time Series Correlation
Selecting Distributions
  1. Introduction
  2. Expanded Distribution Selection
    1. Bootstrap Method
  3. Distribution Fitting
    1. Interface
    2. Fit Manager
    3. Linking Data
  4. Expert Opinion
    1. Alternate Parameters
    2. Judgment and Bias
  5. @RISK Library

Comprehensive @RISK Example
Review of Additional Example Models

Using @RISK with the DecisionTools Suite - Integrated Example

TopRank and @RISK
PrecisionTree and @RISK
RISKOptizer and @RISK

» Palisade Corporation
» Live Web Trainings