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Risk Management and Organisational Culture

Dr Frank Ashe

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Risk analysis and management does not occur in a vacuum within an organisation—it is conducted in the milieu of that organisation's culture. This culture determines the way in which the modelling task is perceived by both the modeller and the end user of the modelling results. Perceptions differ, and this talk discusses why this difference can occur, how to mitigate the risk that arises, and some ideas on creating a better culture. Case studies will be given from the presenter's experience, the Global Financial Crisis and Public/Private Partnerships.


Welcome - Palisade Overview and
the Power of Probabilities

Sam McLafferty
Mark Meurisse

Having just celebrated its 25th anniversary, Palisade stands at the forefront of risk and decision software analytics. Sam will provide a bit of background on Palisade’s history and will describe what sets Palisade apart in the market. He will give an overview of @RISK and the DecisionTools Suite products. Sam will then describe the latest enhancements and additions to the DecisionTools Suite product line before providing a glimpse into what’s coming next from the company.

There’s been a lot of talk about the need for “proper risk analysis” in the last couple of years. However, risk analysis can be both qualitative and quantitative. Any meaningful risk analysis must be done probabilistically, but what does that mean? Palisade Asia-Pacific Managing Director Mark Meurisse will explore The Power of Probabilities in risk analysis: what it is, why it’s important, and how you can benefit.


Applications of @RISK in Risk Financing Strategy

Andrew Kight

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Boards are increasingly demanding Risk and Insurance Managers to justify investment in risk. In order to meet those demands and make informed decisions, a process of rigorous risk analysis is required. This session will showcase the application of @RISK in making informed decisions around risk financing strategy. Two case studies will be presented, focusing on how quantitative risk analysis has been used as a basis for decision making in two key areas of risk financing strategy: setting appropriate insurance policy limits and the selection of cost efficient retention levels.


Applications of Quantitative Risk Assessment Techniques to Aid Decision Making

Jack Barnett

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There is increasing demand for QRA techniques to provide a more rigourous basis for risk management investments. Whether evaluating the tolerablity of operational risks, prioritising investments in risk mitigation or establishing appropriate insurance limits, QRA techniques can greatly assist. This presentation will demonstrate applications of PrecisionTree and @RISK to aid these and other risk management decisions.


Construction Risk Management in LOR

Evan Hughes
Sunbury Electrification Project

Construction projects are complex and challenging environments full of uncertainly and risk, therefore appreciation of risk is an essential part of delivering project objectives.

Risk modelling at tender stage establishes how much risk contingency should be accounted for within a price estimate. However, global company strategy and market conditions also influence the risk appetite associated with each project bid.

Risk ownership is often contentious; therefore a thorough understanding of risk is a vital aspect of contractual alignment, with special considerations made for the form of contract in place.

Managing risks during project delivery is crucial to successful construction management. Comparison of current project risk exposure against remaining contingency funds is a key indicator of whether a risk management process is being implemented effectively.


Enterprise Development for Efficient Rainfall Utilisation in Agricultural Production in the Western Darling Downs Region

John Patrick Kerlin

Agricultural producers convert rainfall and solar energy into food anticipating making a long-term normal profit for their total investment. However, the climate, including rainfall, has a significant effect on the actual outcome, and the recent apparent increase in variability is causing concern amongst producers. Producers cannot control the climate but they can control the land use, that is, what crops are to be grown on a specific selection of land.

If it is assumed that timeliness, volume and precipitation rate of rainfall have a significant effect on profitability, then rainfall is the variable by which efficiency could be measured. Subsequently, two land use scenarios were modelled into a Discounted Cash Flow (DCF) analysis producing net present value (NPV), internal rate of return (IRR), and benefit cost ratio (B/C ratio) for each of the mutually exclusive land use options.

The results of the DCF analyses indicate that based on the assumptions used, fodder production is a superior land use selection when considering NPV, IRR, and B/C ratio. However, the difficulty is demand for fodder is limited in this region. An option is to replace a significant portion of grain in the intensive ruminant livestock production system. A further option is to develop additional intensive livestock operations within the region as research suggests that an increase in demand for red meat is developing in Asia, specifically China.


How @RISK Adds Value to
Lean Business Models and Six Sigma -
Theory and a Practical Demonstration

Kimball Fink-Jensen

It is common for Lean and Six Sigma practitioners to put much emphasis into the tools and techniques of Lean and into their DMAIC analysis. Somewhat ironically, it is less common to really drill properly into the question of whether the models and analysis actually represent the underlying variation that exists within the data under observation. This presentation will introduce the concepts of Lean and Six Sigma and how they are used to drive improvement in businesses. It will then explain how Six Sigma analysis is enhanced through the use of @RISK and examples of the analysis will be presented in a live demonstration.


An Integrated Approach to Risk and
Opportunity Management

Dr Martin Loosemore
University of New South Wales

Mark Meurisse
Palisade Corporation

Many organisations make the mistake of diving into complex quantitative analysis before first conducting a rigorous qualitative analysis. This joint presentation by Mark Meurisse (Managing Director of Palisade Asia-Pacific) and Professor Martin Loosemore (University of New South Wales) will demonstrate how organisations can combine cutting-edge qualitative and quantitative risk analysis to enable more efficient, meaningful and accurate results. A case study will be presented of how this was done in practice on a major PPP project undertaken by a large Multinational Developer.


Introduction to Schedule Risk Analysis
using a Risk Driver Approach

Michael Brink
TBH Capital Advisers

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This presentation will provide a high level introduction to Schedule Risk Analysis using @RISK for Microsoft Project as well as providing an introduction to the Risk Driver approach to Schedule Risk Analysis. The Risk Driver approach focuses on understanding the contributions particular project risks (identified during the risk workshop/risk register development process) make to the overall project completion date risk, developing a risk based project schedule contingency as well as providing the framework and tools needed to develop and evaluate the impact of risk mitigation strategies on the overall project schedule risk. A simplified Case Study illustrating a Schedule Risk Analysis using @RISK for Project as well an example of a Schedule Risk Analysis Risk Driver approach will be presented.


Pricing Structure Analysis:
A case study using the DecisionTools Suite for
price settings of a lines company

William Zhu
WEL Networks Ltd

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An asset-based pricing model is constructed for an electricity company based on the DecisionTools Suite. Key risk associated factors are identified. @RISK is used to find the best distributions fitted for some of the factors, to compare the required revenue with the expected revenue, as well as to test the sensitivities of those factors. RISKOptimizer is employed to find the best new tariff. Finally, the net expected revenue under different scenarios is summarised by utilising PrecisionTree.


Quantitative Chemical Exposure
Assessment for Water Recycling Schemes

Dr Stuart J. Khan

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While there has been great public and political attention directed at renewable energy resources such as wind and solar generation, as concerns rise with global warming caused by greenhouse gas emissions, these technologies can only provide a partial solution to our energy supply requirements. 


Decision Making in the Face of Uncertainty

David W Thompson

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For CFOs and CEOs, uncertainty presents as a risk of making the wrong decisions, taking the wrong path. Decisions such as new investment, budgets and resourcing are all affected by the views we have of future events and how the business can adapt to unexpected outcomes. A typical business valuation primarily relies on a view of the future as represented by either:

  • A “take” on the likely possible future profitability, condensed to an annuity and capitalised using an estimate of the price that the marketplace is prepared to pay for that estimated ongoing profitability; or
  • A “best estimate” of likely future cashflows over a period of 5-10+ years, discounted to a present value employing a risk-adjusted discount rate.

Risk and uncertainty is rarely explicitly considered. Worse: it is often “hidden” through the use of arbitrary risk-adjustments to discount rates and via the selection of “most likely” cashflow or earnings outcomes. Monte Carlo analysis deals with uncertainty "head on" by recognising that key assumptions about outcomes are likely to vary widely. By modelling all (likely) outcomes, uncertainty is explicitly modelled and presented, together with an assessment of the probability of those outcomes occurring. Monte Carlo is used in valuations where there are a significant number of possible outcomes. Monte Carlo analysis provides a level of confidence in relation to a range of values.



Advanced Features of
DecisionTools Suite 5.7 and @RISK 5.7

Sam McLafferty and Mark Meurisse
Palisade Corporation

Join us for this discussion of the latest features in @RISK and the DecisionTools Suite, led by Palisade president Sam McLafferty. New support for 64-bit Excel, the @RISK Library, and upcoming support for high performance computing (HPC) clusters will be covered. Bring your questions and topics of interest.


Custom Development Solutions using
@RISK and VBA: Examples from Project Management, Retirement Planning, and Energy

Rishi Prabhakar
Palisade Corporation

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@RISK and DecisionTools Suite software ship with full-featured development environments that allow you to create custom applications using Palisade technology directly in Excel (Excel Developer Kits or XDKs). You can customise the application interface to include only what the users need, hiding unused @RISK functionality and preventing user access to the underlying model logic. You can also automate processes like reporting, generating only the charts and data you want. The result is a perfectly tailored application ready to roll out to your workgroup. And because the application is in Excel, the training required for users is minimal.

Palisade Custom Development has written applications for cost estimation, asset management, retirement planning, oil and gas prospecting, and more – all utilising @RISK technology in Excel. In this presentation, we will cover as many examples of custom applications as time allows.


How to Choose the
Best Distribution using @RISK

Rishi Prabhakar
Palisade Corporation

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One of the most common questions that comes up in risk modelling is how to choose the best distribution function in @RISK to represent a particular uncertain variable. There is no “one size fits all” distribution, so it’s important to understand in which situations to use which distributions. This session explains how to select the appropriate distribution in @RISK for your modelling needs. We will look at a variety of situations and methods for choosing distributions. Distribution fitting from data will also be covered.


Getting the Most from DecisionTools Suite 5.7: Application to a Comprehensive Model for Risk Analysis and Decision Making

Mark Meurisse
Palisade Corporation

This session will show you how to use the elements of the new DecisionTools Suite 5.7 as a comprehensive risk analysis, optimisation, and statistical analysis toolkit. Each of the products in the suite, @RISK, RISKOptimizer, Evolver, PrecisionTree, TopRank, StatTools, and NeuralTools, will be presented, showing how they can be used to solve practical problems in the real world. We will walk through a continuous example that illustrates how the tools work together and add value throughout a business decision-making process.


Getting the Most from @RISK 5.7

Rishi Prabhakar
Palisade Corporation

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This session will walk you through a risk analysis using various example models. Key features of @RISK will be highlighted, and newer enhancements will be pointed out along the way. You will experience the intuitive interface of @RISK 5.7 for defining distributions, correlations, and other model components. During simulation you will be able to see all charts, thumbnails, and reports update in real time. View results with a variety of graphing options. There’s so much to see, we’ll cover as much as time permits.

We will also highlight specific ways to get the most out of @RISK in the most efficient way possible. Particular features will be demonstrated using examples that will enable you to take away valuable tricks to save time and get better results.


Project Risk Management
using @RISK for Project

Rishi Prabhakar
Palisade Corporation

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The aim of this presentation is to give people a basic understanding of how @RISK for Microsoft Project works, including setting up and running simulations, and interpreting the results.
Attendees will learn about the key functionality within @RISK for Project in step-by-step method, enabling them to quickly become familiar with basic concepts and terminology.

In addition to graphing and quantifying the risk in a business plan, you will learn how @RISK for Project, using Monte Carlo simulation, enables you to:

    • Calculate the probability of success
    • Graph the margin of error around the most likely outcome
    • Quantify and prioritise the risk drivers
    • Quantify the  range of uncertainty using @RISK

Modelling Strategic and
Operations Decisions with PrecisionTree 5.7

Mark Meurisse
Palisade Corporation

PrecisionTree is a powerful visual and analytical tool for mapping out complex, sequential decisions. PrecisionTree can also be combined with @RISK to incorporate uncertainty and risk in tree models. This presentation combines an introduction of the enhanced PrecisionTree interface, tighter Excel integration, and more recent features of PrecisionTree with demonstrations of how PrecisionTree can be used to analyse strategic and operations decisions.


Quick and Easy
Sensitivity Analysis with TopRank

Rishi Prabhakar
Palisade Corporation

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When first approaching a risk analysis, it is often important to narrow down the focus of your work, particularly with large or complex models. TopRank is a valuable tool for quickly and efficiently determining which variables in your models are most critical. With minimal setup, you can scan your entire model and see – through graphs and statistics – exactly how different factors impact your bottom line. In this session, we will demonstrate how this powerful tool can be used in a variety of real-world applications.


Stress Testing and Scenario Analysis:
The Proactive Risk Management Approach
using @RISK

Mark Meurisse
Palisade Corporation

When performing a risk analysis, it is very important to consider different strategies for your particular problem. Whether they be strategies to guard against downside risk (like mitigation strategies), or strategies to maximize upside potential (like pricing strategies), it is essential to consider the impact of different approaches on your bottom line.

@RISK offers features well-suited to testing different strategies: stress testing and scenario analysis. Stress testing enables you to restrict the sampling range of a distribution function or functions. This means you can isolate the “tails,” or see how your strategy holds up to very unlikely events. With scenario analysis, you can uncover what combination of variables is yielding your best, and worst results . This lets you refine your strategies to maximize your profits and minimize your risks. Using these analytical methods, you can “try before you buy,” or gain a proactive understanding of the risks associated with different strategies before you commit resources to any particular one.




Dr Frank Ashe, Keynote Speaker
Q Group Australia & Macquarie University Applied Finance Centre

Frank Ashe has worked in Australia and Canada for insurance companies, investment management firms, and in software development and consultancy. His 30 years of practical experience has been predominantly in the measurement and management of financial risk, with an emphasis on asset liability management, and developing risk measurement and management tools for novel situations; he works now as a consultant and company director. He is a regular presenter at industry seminars and colloquia, and is currently President of the Q-Group Australia. Frank has research interests in risk management, corporate governance, robustness of investment portfolio construction techniques, history and philosophy of economics, and the statistical underpinnings of Applied Finance.

Jack Barnett
Senior Consultant
Marsh Pty Ltd – Risk Consulting

Jack Barnett is a Senior Risk Consultant within the Marsh Risk Consulting practice. He has been with Marsh since 2004, and specialises in:

  • Strategic and operational risk assessment and mitigation;
  • Quantitative risk assessments and data analysis; and,
  • Risk management system development, implementation and performance monitoring.

Jack has applied these services to all levels of industry, with a particular focus on Mining, Utilities and Rail. Projects have been completed across Asia-Pacific and the Americas.  Recent QRA clients include Barrick Gold, Newmont, Rio-Tinto, BHP, Xstrata and several large infrastructure projects.

Jack has recently spent time in the US with Marsh's Modelling, Business Analytics (MBA) actuarial team and forensic accounting Consultant Services (FACS) team enhancing MRC's QRA offerings.

Michael Brink
Founding Principal
TBH Capital Advisers

Michael is a civil engineering graduate with an MBA from the AGSM and has worked in Banking and Finance in the Infrastructure, Project and Structured Finance areas for 20 years and as a founding principal at TBH Capital Advisers for the past 2 years.

TBH Capital Advisers is a boutique infrastructure and project finance advisory firm active in the PPP sector. It is part of the TBH Group—a national and international consultancy which has operated as a specialist programming and scheduling consultant for over 45 years. One of Michael’s key interests at TBH Capital Advisers is in project risk modelling from a capital cost as well as a schedule risk perspective. While at TBH Capital Advisers, Michael has presented a number of PPP Risk Modelling workshops that use @RISK for Excel as part of the Infrastructure Australia methodology for calculating Public Sector Comparators.

Prior to establishing TBH Capital Advisers, Michael has worked at a number of Australian investment banking and financial services organisations including Macquarie Group and the Australian Industry Development Corporation, and recently worked as the Treasurer of a major Australian non-bank lending group. Michael has also consulted to the Asian Development Bank and other multinational groups as a financial modelling specialist. In all of these roles Michael has had a strong involvement in quantitative financial modelling with a particular emphasis on infrastructure and project finance.

Kimball Fink-Jensen
KAIZEN Institute New Zealand

Kimball is Principal for the KAIZEN® Institute New Zealand and focuses particularly on analytical support for KAIZEN projects. His industry experience includes services, process manufacturing, and discrete manufacturing; as well as distribution and logistics. In recent client projects he has been involved in venture capital, retail and distribution, tertiary education provision, utilities, process manufacturing, distribution and records management.

After obtaining a B.Com (Hons) and LL.B from Otago University, Kimball spent two years with the Investment Banking team at Bank of New Zealand and then joined Southpac in the merchant banking division. In 1993 he joined Fletcher Building and worked on strategic development projects in New Zealand and in respect of various Asian markets. In 1996 he became plant manager for the company’s particleboard operations in Taupo, then site leader for the particleboard plant in Kumeu.

Kimball left Fletcher Building in late 1999 and for the next 2.5 years was the project manager and then lead negotiator on behalf of the eight regional and city councils of Auckland in the three-way negotiation with Tranz Rail and Treasury to procure greater access to the rail corridors to enable the expansion of public transport in Auckland.

Having worked with KAIZEN Institute on a variety of projects since 2005, Kimball formally joined the KAIZEN Institute New Zealand in 2008. He specialises in bringing process measurement, ROI assessment and lean accounting techniques (collectively termed lean measurement) to KAIZEN Institute’s lean transformation projects.

Evan Hughes
Project Controls Manager
Sunbury Electrification Project

Evan has worked within project controls in the construction industry for the last 7 years, primarily in risk management, scheduling and cost control. Major projects include: Channel Tunnel Rail Link – St Pancras London (Rail); Olympic Park Stratford – Stratford London (Tunnelling); Aspire Defence – Salisbury Plains UK (Military Accommodation); and Sunbury Electrification – Melbourne Australia (Rail). Evan has used @RISK extensively within project controls, and to develop risk models for construction benefit analysis at the project feasibility stage. He holds a degree in Mathematics from Cardiff University.

John Kerlin

With financial and ecological sustainability as a primary concern, John is working on a proposal for a PhD research project to study ‘Sustainable Business’ based on regional value adding of agricultural production in the Goondiwindi region of Queensland. This includes processing, recycling waste with energy production, and nutrient recycling. John’s aim is to create a dollar value for production that could be marketed as an agricultural input or energy demand within the region. This requires confidence in the assumptions used –the area where Palisade software can step in to help.

John currently works for Landmark at Goondiwindi as an agronomist. Goondiwindi is approximately 400 km west of Brisbane and is situated on the Macintyre River, the Queensland/NSW border. Previously, John was a self-employed farmer for 30 years. He holds a Masters in Agribusiness through UQ Gatton.

Andrew Kight
Analytical & Actuarial Services
Aon Global Risk Consulting (Australia)

Andrew is currently a Senior Consultant for the Analytical & Actuarial team within Aon Global Risk Consulting. His role involves quantitative loss modelling, risk retention assessments, reserve valuations and risk tolerance analysis predominantly to major corporate organisations in Australia.

Andrew’s main focus is on working with organisations that self-insure a significant portion of their risk. This generally involves organisations that utilise a risk retention vehicle (i.e. a captive or managed fund) to finance these risks. Andrew assists with quantifying the amount of risk that they retain and also the amount that they should set aside to fund those risks.

Andrew has experience working with a broad range of clients across a full spectrum of sizes and industries, ranging from local government entities to national and global corporate companies in industries as varied as Healthcare, Finance, Retail and Energy/ Utilities.

Andrew also provides support internally, demonstrating to brokers and their clients the concepts of total cost of insurable risk, risk tolerance & appetite and quantitative loss modelling and how they assist in making informed decisions around insurance renewal options and identifying the most efficient level of self insurance.

Andrew holds a Bachelor of Commerce (Actuarial Studies) from The University of Melbourne.

Dr Stuart J Khan
Water Research Centre
University of New South Wales

Dr Khan is an active water researcher with a focus on chemical contaminants in drinking water, wastewater and recycled water. He is the leader of the Trace Chemical Contaminants research stream at the UNSW Water Research Centre. Khan has received funding for over 20 major competitive research projects from Australian, US and European funding agencies including the Australian Research Council, the National Water Commission, the European Commission, the WateReuse Foundation and the Water Environment Research Foundation (WERF). He is a member of the Water Quality Advisory Committee (WQAC) to the National Health and Medical Research Council. He is the leader of the ‘Chemical Contaminants’ reference group of the WQAC and, in this role, he led the revision of all aspects involving chemical contaminants in the 2010 revision of the Australian Drinking Water Guidelines. Dr Khan has also made significant contributions to other Australian water quality guidelines, particularly the National Guidelines for Water Recycling.

Dr Martin Loosemore
Construction Management Program
University of New South Wales

Martin Loosemore is Professor of Construction Management and Associate Dean Research at the University of New South Wales, Sydney, Australia. He is a Fellow of the Royal Institution of Chartered Surveyors and a Fellow of the Chartered Institute of Building and is a visiting Professor at University of Loughborough in the UK and The University of Hawaii.

In 2002, Martin was a consultant to the Australian Royal Commission into the Building Industry, advising on international workplace reform and productivity and has been called to provide evidence to a number of Federal Senate inquiries into the Building and Construction Industry. He was recently appointed by Minister Kim Carr to the first of the Australian Federal Government‘s Innovation Councils – representing the building, construction and engineering industry.

Martin works with a wide range of major private and public sector organisations and NGOs in Australia, Asia and the Middle East, to improve their risk management practices. He was also commissioned by the Beijing Olympic Organizing Committee (BOCOG) to develop the risk and opportunity management system used for the delivery of the 2008 Beijing Olympic games facilities.

Sam McLafferty
President and CEO
Palisade Corporation

Sam McLafferty is Palisade's founder, president, and CEO. He started the company in 1984 with the release of PRISM, a stand-alone Monte Carlo simulation package for DOS on the PC. PRISM later evolved into @RISK for Lotus 1-2-3, and then for Excel. Sam is Palisade's lead developer, with over thirty years of programming experience. He works closely with the technical and sales staff, ensuring that customer feedback is heard. He personally oversees the development and evolution of every one of the fifteen software products Palisade sells. Prior to Palisade, he was a risk analysis consultant.

Mark Meurisse
Managing Director
Palisade Asia-Pacific

Mark has a 15 year history of providing intellectual development services for risk, opportunity, and decision assessment to private industry and the government sector.  Meurisse joined Palisade in 2003.  His consulting experience and training seminars and workshops have been delivered throughout North America, Oceana and Asia, and he has consulted on risk analysis projects for clients in the oil and gas, finance, pharmaceutical, agricultural, natural resources, energy, defence, and aerospace industries.  The list of clients Mark has worked with include Shell, Westpac, BHP Billiton, Australian Taxation Office, PricewaterhouseCoopers, Thiess, MetLife, KPMG, Austin Energy, HP, Georgia Pacific, Telstra, Evans & Peck, AWAS, Futron, Tyco Healthcare, Mercer Oliver Wyman, Merial, John Deere, the US Air Force, Cornell University, and the US Coast Guard.

Before coming to Palisade, Mark had 11 years consulting, marketing, and research experience in bank credit, agriculture, commercial real estate, finance and environmental engineering.  His analytic, modelling, and research expertise include risk analysis, simulation, sensitivity, stress testing, causal flow analysis, market power, geographic information systems, and public policy.  He holds a B.S. in economics from Oregon State University and an M.S. in agricultural economics from Texas A&M University and is the author or co-author of 9 publications.

Rishi Prabhakar
Trainer, Consultant
Palisade Asia-Pacific

Rishi brings a broad range of experience and expertise to the Palisade team. He has worked in and consulted to the energy industry, telecommunications, scientific research, banking, and finance with an emphasis on operational risk and Basel II. Rishi has expert skills in the areas of statistical analysis, simulation, time series forecasting, risk/capital modelling, extreme value theory, and survey design and analysis. He holds a BSc Mathematics from the University of Technology, Sydney.

David W Thompson
General Manager Queensland
Value Adviser Associates

David has over 25 years experience in the Energy, Infrastructure, Resources, Manufacturing and Telecommunications industries. He has significant leadership experience and proven expertise in corporate and business development, project management and business modelling associated with valuations, mergers and acquisitions, joint ventures and regulatory determinations. He has led various finance departments and functions including establishing financial planning, analysis and modelling capabilities and implementing value based management systems.

Prior to joining Value Adviser Associates, David was Director Corporate Development for an international steel manufacturing company. He has held Executive Management positions in steel and energy companies including for Strategy, Finance, Corporate Development and Corporate Communications and was previously the Corporate Finance Lead Director responsible for Business Modelling and Advisory for one of the big four accounting firms.

David has been a key financial advisor on reforms in the Queensland energy and water industries and has led project, finance and valuation teams on multiple merger & acquisition projects in the energy, infrastructure, resources, manufacturing and telecommunications industries.

David has valued and assessed major strategic investment decisions for broadband capabilities (including fibre, BPL and wireless) combining telecommunication, electricity and rail utilities. He has advised on key value drivers and key performance indicators, e.g. setting appropriate prices, rates of return, capital structures, valuations, financial transfers and dividend policies.

David has built and/or tested numerous financial models for major companies, investment banks, P/E firms, GOC’s and government departments associated with capital investments and mergers and acquisitions.

William Zhu
Business Analyst, WEL Networks Ltd

William Zhu works for WEL Networks Limited, an electricity distribution company with over 83,000 customers and assets of $310 million. As a business analyst, William uses financial, statistical (including the DecisionTools Suite) and engineering techniques to analyse large projects such as annual electricity sales budgets and wind farm generation.



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