Join Brian Putt and Alex Sidorenko in this second session where we create and Excel model for the case study framed in Session 1 using Decision Quality practices and Monte Carlo to complete the evaluation.
Watch session 1 first at https://2020.riskawarenessweek.com/talks/experience-a-practical-example-of-applying-decision-quality-framing-practices-to-a-case-study/
Alex, acting as the subject matter expert (SME) reviews and adjust the inputs and logic of the model as Brian, the analyst, makes live changes to the model.
We evaluate the Strategy Table using SIPmath Enterprise and review the results. We test sensitivities manually and then create a tornado chart for each of the alternatives.
Alex, now acting as the Decision Executive, must make a tradeoff between two key value measures – Cost and Time.
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RISK-ACADEMY offers online courses
ISO31000 Integrating Risk Management
Alex Sidorenko, known for his risk management blog http://www.riskacademy.blog, has created a 25-step program to integrate risk management into decision making, core business processes and the overall culture of the organization.
