Dip your toe in risk-based decision making using Monte-Carlo with this simple methodology

Risk management 2 shouldn’t be difficult. So I started on a quest to come up with a simple methodology for quantitative risk analysis that will actually improve decision making. This is still work in progress, so any comments and suggestions please send them to me or write below the article. Also don’t forget, RAW2020 is… Continue reading Dip your toe in risk-based decision making using Monte-Carlo with this simple methodology

Here is a small lesson I learned a while back

If you want to integrate risk management into decision making, you have to talk the same language as decision makers. That means that if the decision is made based on IRR you need to calculate an alternative IRR, based on risks. If the decision is made based on NPV/EV/FV you need to calculate new NPV/EV/FV… Continue reading Here is a small lesson I learned a while back