Calculating the There There

Gertrude Stein once famously criticized Oakland, California because "there is no there there." I think of this often as I watch a fascinating and rapidly rising business trend, the conglomeration of social media enterprises via acquisitions and mergers.  This week the European company Wikio, a specialist in the "blogosphere and social media," acquired the French […]

Robust Risk Analysis for the Time/Expertise Poor – Part 2

In my last blog I introduced the idea of a customised risk analysis solution to problems commonly faced in project risk management, especially cost estimation. Of course this idea is not uniquely applicable to project costs, but this paradigm is the simplest to explore, and that’s what I’m about to do. Picture a risk register […]

Robust Risk Analysis for the Time/Expertise Poor – Part 1

I have recently spoken to several clients whom have all came to the same conclusion about the risk analysis solution they think is most appropriate. They don’t want to do it, and I have no problem with that! Of course that’s not precisely true. The benefits of Monte Carlo techniques in risk analysis are quite […]

Profitability Projections in a Manufacturing Environment of High Uncertainty

The other night, I had the opportunity to watch a free webcast titled “Use of @RISK for Probabilistic Decision Analysis of a Manufacturing Forecast in an Environment of High Uncertainty”. This presentation was extremely timely, since many companies are struggling to survive in these challenging economic times. Dr. Jose Briones did an excellent job discussing […]

Cost-Benefit Analysis in the Land of Buzz

For the past couple of years, I’ve been following the advance of cloud computing into the marketplace.  Recently, as the Cloud has begun to–I can’t say materialize as that might confer some notion of definable substance, which in this line of business is to be avoided at all costs–become a presence, information officers have been […]

The Paradox of Knowledge

Modeling from empirical data takes observed information and attempts to replicate that information in a set of calculations. There are a number of relationships to account for when incorporating those data in a model. These relationships include dependencies and/or correlations. Correlations are often omitted for a variety of reasons, which can lead to critical errors […]

April 2010 – Worldwide Training Schedule

Palisade Training services show you how to apply @RISK and the DecisionTools Suite to real-life problems, maximizing your software investment. All seminars include free step-by-step books and multimedia training CDs that include dozens of example models. North America 6-7 April 2010, Washington, DCDecision-Making and Quantitative Risk Analysis using @RISK 6-8 April 2010, Washington, DCDecision-Making & […]