This 1-day course is a complement to the 2-day @RISK-specific training. Participants with previous knowledge of @RISK may attend at their discretion.

This course covers the other products in the DecisionTools Suite.  We cover PrecisionTree to perform decision-tree analysis, and RISKOptimizer and Evolver for optimisation problems.  We then examine TopRank to support the auditing of models and to conduct sensitivity analysis, and use StatTools to perform a selection of statistical procedures, and NeuralTools to make predictions based on historic data. Finally a “case study” is presented showing how the different elements in the Suite can be combined to form a comprehensive risk and decision assessment solution for a single project.

Course Outline

Introduces the other elements of the DecisionTools Suite. Key topics include modelling decisions under uncertainty and sensitivity analysis with PrecisionTree, combining @RISK with PrecisionTree, RISKOptimizer for conducting optimisation under uncertainty, and model auditing and sensitivity analysis with TopRank. The day concludes with a large scale “case study” highlighting the use of the entire Suite on a single project.

1. PrecisionTree – decision trees
2. RISKOptimizer – optimisation under uncertainty
3. Evolver – optimisation
4. TopRank – scenario analysis
5. StatTools – statistical techniques and procedures
6. NeuralTools – predictive modelling
7. Case study using the entire DecisionTools Suite

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