Business Forecasting and Simulation using @RISK & The DecisionTools Suite Part 1
Business Forecasting and Simulation using @RISK & The DecisionTools Suite is a three-part series covering leading practices in the use of Monte Carlo-based models and simulations to improve business decisions, forecasting, and risk management.
This first installment of the series will explore the basics of Monte Carlo analysis, with particular emphasis on why, in many cases, it is necessary to apply simulation-based methods to produce correct business analysis results. The relative roles of sensitivity analysis and scenario analysis will also be addressed. These concepts will be covered in manner that highlights how @RISK and other components of the Palisade DecisionTools Suite work with Microsoft Excel.
The 2nd webcast (August 14th) will cover leading practices in applying @RISK in enterprise risk management, including treatment of operational risks, use of risk registers, and applications for project risk management, including Microsoft Project-related features.
The 3rd webcast (September 18th) will feature a case study of an actual company in a selected industry (TBD), where business simulation and risk analysis using the power of @RISK is showcased in a commercial setting.