CIO Review’s “Metals & Mining” Special Edition Features @RISK Success Stories

Palisade software is a vital tool in countless industries, particularly in the mining sector. The “Metals & Mining Technology Special” edition of CIO Review features an article by Palisade’s vice president, Randy Heffernan, detailing several success stories. Heffernan describes how Met-Mex Peñoles and Anglo American used risk analysis software @RISK for applications like Six Sigma, sensitivity analysis, …

Palisade Client Discusses Project Success in Economia

Previously,  Visual Reporting,  the Denmark-based business analytical reporting consultancy, used @RISK to help the Danish Government comply with Danish legislation requiring all Government related IT business cases that exceed €1.33m to be risk-assessed. Laurits Søgaard Nielsen, CEO at Visual Reporting, believes Monte Carlo Simulation (MCS) used within @RISK was  integral to the solution that Visual …

Palisade’s PrecisionTree Software Helps Form New AACE International Recommended Practice

Palisade’s PrecisionTree software was featured prominently in Cost Engineering Magazine’s July/August 2014 issue.  The article “Use Decision Trees to Make Important Project Decisions,” by long-time Palisade software user Dr. David T. Hulett, describes how decision trees can help decision makers choose between multiple options and take account of cost and rewards of different options. The article “forms …

Palisade VP Gives Tips on Planning for Climate Change in IT Business Edge Magazine

IT Business Edge, on online business publication recently published a piece by Palisade Vice President Randy Heffernan titled “Using Monte Carlo Simulations for Disaster Preparedness,” a slideshow featuring key tips on how to apply this statistical method to planning for extreme weather events. As the article states, “the U.S. National Research Council recently suggested the …

Don’t Forget the Unknown-Unknowns: Palisade Client’s Article Tackles Uncertainty

Palisade customer Andrew Rudin, of Contrary Domino Partners, was recently featured in Customer Think, a global online community of business leaders covering customer experience and social business. Rudin’s piece comes in three parts: “Revenue Uncertainty – Part 1: Known Unknowns, Unknown Unknowns, and Everything in Between,”  discusses the multi-faceted aspect of risk. “Revenue Uncertainty – …

Palisade Vice President Randy Heffernan Discusses Risk of Climate Change in Risk Management Monitor

Randy Heffernan, Palisade’s Vice President, wrote a recently featured piece in the Risk Management Monitor discussing the looming risks of climate change. The piece, titled ‘Analyzing the Real Costs of Climate Change’ details how businesses and organizations are in for serious changes in the coming decades thanks to increasingly unpredictable weather patterns. Heffernan references a …

@RISK Helps Zero-In on U.S. Senate Race Outcomes

The midterm Senate race is fast approaching—and so are the speculations on its outcome. Previously, Lawrence W. Robinson, Professor of Operations Management at Cornell University’s Johnson Graduate School of Management used @RISK to statistically predict the senate races, using data from the stats-centered news site, FiveThirtyEight.   FiveThirtyEight was founded by statistician and political analyst Nate …

U.S. Flood Risk Management Needs New Approach

It’s time to change how we deal with flood risks, say top scientists with the U.S. National Research Council. According to a recent report, the experts are urging for a “national vision” that will take precautionary, rather than reactionary, approaches to flooding, particularly in the Atlantic and Gulf coasts, where water has reached flood levels …

Non-Profits None too Confident When it Comes to Risk Management

A few days ago, we discussed how major for-profit corporations admitted they aren’t doing all they can to manage their business risks. Turns out, non-profits aren’t confident they’re doing much better. According to a June 2014 survey of 150 U.S. nonprofit foundations and endowments conducted by SEI’s Institutional Group, 44% of them are not confident that …

@RISK Takes Nate Silver’s Senate-Race Predictions a Step Further

Statistician super-star and  FiveThirtyEight editor Nate Silver has gained fame for his spot-on predictions around elections; he had accurate predictions for all 50 states during the 2012 presidential election. While it seems that Silver has the power of precognition, he actually relies on refined statistical methods—including weighting various political polls—to make predictive models. Recently, Silver and …