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If you are looking to ground an important decision in robust analysis and evidence, let’s start the conversation.
This 4-day course will cover the core principles of quantitative risk analysis and the most important risk modeling principles, methods and techniques. The course will be taught using the R statistical language but the lessons apply equally well to other modeling environments. The focus of the course is on how to conduct accurate and effective quantitative risk analyses, including best practices of risk modeling, selecting the appropriate distribution, using data and expert opinion, and avoiding common mistakes. The course will also cover essential probability and statistics theory and various stochastic processes to provide the participants with a solid understanding of quantitative risk analysis.
Anyone in business, government and science with an interest in quantitative risk analysis such as professionals needing to perform (or provide feedback) quantitative risk analysis in finance or operations, epidemiology, engineering, project risk analysis, among others. Also, people who have experience in risk analysis using spreadsheets but want to learn how to use a more flexible modeling environment such as R.
Participants are required to bring laptops loaded with R, and a pdf reader. R is an open-source freeware that works for Windows, Mac, or Linux and can be downloaded free of charge from the R Project website. As R is updated constantly, please download the latest version before attending the course. Also, it is recommended that participants use a code editor to facilitate the writing and storage of code: we recommend Tinn-R for Windows users, and RStudio for Mac users.
The course runs from 09:00 to 17:00 each day. Morning and afternoon coffee, and lunch are provided. Optional evening workshops on the first and second days allow extra time for running through example models and exercises.
ModelAssist is a comprehensive risk analysis training reference and is free of cost. This reference tool provides an in-depth explanation of all of the risk analysis concepts, techniques and methods introduced in this course and greatly complements the course material. ModelAssist can be downloaded or accessed directly from our website.
All of our courses aim to help the participants understand risk analysis from the bottom-up, which is achieved through a relaxed, informal and interactive environment, using plenty of examples and hands-on exercises where students apply and adapt what they have learned.
Our training courses provide an opportunity to develop or extend your professional network. We therefore arrange optional fun, interactive social events which take advantage of local attractions, cuisine, and culture. All social events are included in the course fee.
Course participants must arrange their own accommodation. However, we will be happy to provide information and alternatives for your travel arrangements. After you complete your registration form, please let us know that you will need our help.
Please contact us to obtain a code for the discounts below, or to discuss a special rate when registering 5 or more people. Discounts for groups of 3 or 4 people are applied automatically at registration. Discount rates cannot be combined.
* Early registration – 10% off registration (register and pay 30 days before course start date)
* Government/Academic – 5% off registration (Proof of eligibility requested after registration)
* Student – 25% off registration (Proof of eligibility requested after registration)
Use our contact form if you are interested in a course not currently in our schedule.