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Value Management Strategies Utilizes Palisade’s @RISK to Identify Project Risk Factors
Palisade’s risk analysis software offers insight into how risk may impact cost and schedule of interrelated projects

11 December 2012, Ithaca, NY - Palisade Corporation, the provider of the world's leading risk and decision analysis software, @RISK and the DecisionTools Suite, announced that Value Management Strategies, North America’s largest firm specializing in the management of value, uses @RISK software to assist organizations to assess risk for a wide range of projects.

VMS helps clients to deliver projects, implement processes or produce innovative products in specific verticals in a volatile and uncertain world. These clients rely on a clear understanding of uncertainty and risk that exists in various projects in order to develop risk response strategies and action plans that maximize opportunities and minimize threats. In this capacity, VMS’ utilization of Monte Carlo simulation through @RISK helps to support the decision-making process, as well as offer a more granular understanding of the nature of uncertainties being characterized. Clarity of the likelihood and exposures of risks can help to minimize delays and maximize efficient deployment of capital resources.  

“We have found that @RISK can be used to analyze multiple smaller projects comprising a mega project — enabling us to translate that data into managing risk across a large program. The modeling techniques being applied include an integrated cost and schedule risk model that takes into consideration the deployment of resources over time,” said Gregory Brink, director, risk management and economics at VMS. “ Being able to understand where potential disruptions and various risk events may influence a program helps to make better decisions in effectively managing and delivering large projects and programs with less uncertainty.”

»View the complete case study

Media Contacts
Shweta Agarwal and David Sprague
Schwartz MSL Boston

For more information, contact:

Randy Heffernan
Tel: +1 607-277-8000
Fax: +1 607-277-8001

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