Risk UK newsletter features Halcrow’s use of @RISK for flood mitigation

The top story of this week's Risk UK newsletter is Halcrow's use of Palisade @RISK risk analysis software, for flood mitigation. Severe flooding due to heavy rainfall in the UK continues to be a real threat. Halcrow looks at mitigating the consequences by determining the risk faced by critical assets such as water treatment works […]

Manure into Money: Risk Analysis Solutions Pay Off

The energy market has shifted, ushering in an era where so-called wastes are being re-examined, and the desire for energy security and clean/green energy sources is rising. Rudd Asset Management (RAM), an energy consulting company specializing in cost-effective solutions and project risk management strategies, recently helped a large horse racing and competition complex that wanted […]

@RISK for Cost and Schedule Risk using Risk Registers (with example model)

@RISK can be used in conjunction with MS Project and Excel to model the schedule and cost risks inherent in large, complex projects. This example demonstrates the use of @RISK to build a complete model of the construction of a new commercial venue. The model includes uncertainty in task times, a Risk Register for calculating […]

“Decision Trees and the Value of Flexibility” in Oil & Gas Monitor

Rafael Hartke starts a series on the topic of "Decision Trees and the Value of Flexibility" in his most recent article in Oil & Gas Monitor. Decision trees "provide a simple and straight-forward platform for representing long-term strategies, including the options available right now, the uncertainties that will be revealed along the way and options […]

Determining the Level of Flood Resilience Required for UK Water Assets, using Risk Analysis

As the UK continues to suffer from unseasonal weather patterns, serious flooding is a very real possibility. This can have a severe impact on water assets and services. Halcrow, a CH2M HILL company, has developed a programme to mitigate the consequences of severe flooding in the UK. It determines the risk faced by critical assets […]

Accenture, Others Note Need for Better Risk Analysis in Capital Projects in Mining and Metals Sector

Accenture recently released research illustrating that mining and metals companies could "significantly reduce the costs of large capital projects" by improving their risk analysis and management methods. With billions at stake, and delays and budget overruns the norm, the need for better systematic accounting for risk has never been greater. Accenture’s research was based on […]

Palisade Global Risk Conferences Advance Best Practices in Risk Management

Join us next week in London and Frankfurt. In the last few months, nearly 1,000 professionals from around the world have gathered to push the boundaries of risk analysis through the Palisade Risk Conference series. Since March, Palisade Risk Conferences have been held in Santiago, Chile; São Paulo, Brazil; Johannesburg, South Africa; Tokyo, Japan; and […]