Risk quantification

This course aims to develop skills in the quantification of various risks and uncertainties that (potentially) impact an opportunity evaluation or project execution. It also provides a bridge between risk management activities and probabilistic valuation.

Target audience: risk managers, project staff, project economists, financial analysts, strategy consultants.

Duration: 10-15 hours including all assignments.

Benefit: 90 days access to course and Q&A by the internal messaging system.

There are several options to take this course:

  1. Individually, no video or telephone engagement (questions and feedback by email only). Fee per participant is € 485 (excl VAT).
  2. In small groups with three video conferences on special topics and Q&A. Fee per participant is € 700 (excl VAT).
  3. As part of the Virtual Learning Lab. Fee per participant is € 950 (excl VAT).

There are 9 modules consisting of an introductory video, an interactive lesson, assignments and an end of lesson quiz.

  1. Definition – what do we mean with risk, different types of risk
  2. Risk management – overview of risk management concepts and techniques
  3. Risk modelling – how to untangle a risk in preparation of quantification
  4. Biases – how to mitigate biases in quantifications
  5. Historic data analysis – the importance of lookbacks
  6. Range assessment – using a judgemental process to quantify a range variable
  7. Italian flag – an evidence based technique to assess a probability
  8. The analysis of competing hypotheses – assessing the weights of multiple possible outcomes of an event or development
  9. Facilitation and communication – some good practices for soliciting input

For further information just message us through the contact form.

Feedback from participants:

“It is a good mix of videos, narrative and excel – providing tools to work with.”

“I like the detailed description of techniques and processes taught in the course.”

“The examples and test questions are really good.”