Local government planners from Netherlands based Gemeente Horn (the City of Hoorn) are using Palisade’s @RISK to mitigate financial risk as a result of urban planning within the region. As the population of Amsterdam continues to grow, the City of Horn has become a viable proposition for those looking to live outside the bulging city. This in turn has meant expansion for Hoorn itself, with the city looking to outlying agricultural land as a resource for residential requirements.
Managing and forecasting financial outcomes for investment into new districts within the City has since become crucial, as it becomes more complex to manage costs within competitive environments. Simon Metselaar, Financial Urban Planner at Gemeente Hoorn, commented, “When we look at developing any agricultural land into residential housing areas, there are big investments involved. With these investments we also have to deal with financial risks. In order to cope with these risks we have to determine the financial buffers, and that’s where @RISK comes into play – it offers us the ability to determine the buffer we need.”
You can view the fuller case study here.
Sample models can be seen below.