23 June, 24 June, 30 June – 10:00 – 14:00 CET
Vose Software is pleased to announce dates for the second ModelRisk training seminar of 2022.
Program Level: Beginner to Intermediate
Cost: 1000 EURO (+VAT if applicable) per attendee.
For everyone who joins, we will provide a FREE license key for 3-months use of full version of ModelRisk software.
Prerequisites: Familiarity with Microsoft Excel. No advanced preparation required. Attendees will require their own computer, with a trial/full version of ModelRisk installed. Reliable internet connection and ideally two monitors (one to visualize the presentation and one for the models to follow along the exercise).
These hands-on web courses have been designed for anyone who needs to incorporate uncertainty about future events into their Microsoft Excel spreadsheet models, and/or anybody who wants to introduce risk-based decision-making into their organisation. Attendees will explore how the use of quantitative risk analysis (QRA) facilitates improved decision quality across any industry vertical, and why the information and insights generated by this process should be an essential requirement – and practice – for any modern business.
The course introduces attendees to the concepts and methods involved in quantitative risk modelling using Monte Carlo simulation, and how to confidently interpret and challenge the resulting outputs. Attendees will learn:
An introduction to risk analysis using ModelRisk, including adding risk to models and interpreting outputs.
Extends the concepts from the first day’s session and includes decisions on distribution selection, and adding risk registers to models
Explores the importance of sensitivity analysis, correlations, and forecasting using time series models.
The course will be delivered on behalf of Vose Software by The Ferryfield Group, whose highly skilled consultants, bring many years of experience, expertise, and knowledge in the areas of risk and decision analysis, finance, statistics, business forecasting, and stochastic optimization. Ferryfield consultants have worked across many different industries and geographies, providing thought leadership and modelling expertise to some of the world’s largest companies.
The course will be delivered remotely via Zoom or Microsoft Teams