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Essentials of business risk analysis modeling

Business

Essentials of business risk analysis modeling, available at $74.99, has an average rating of 4.64, with 16 lectures, 2 quizzes, based on 44 reviews, and has 213 subscribers.

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You will learn about Understand how risk analysis modeling is used in business Know the probability distributions and math needed to perform a business risk analysis Evaluate the aggregate exposure from a set of risks in a register Complete a financial risk analysis for a business investment Be able to audit a risk analysis model identifying errors and interpreting formulae Create, interpret and present risk analysis reports to decision-makers This course is ideal for individuals who are Analysts supporting decision-makers who wish to incorporate risk and uncertainty in their evaluations of different decision options. It is particularly useful for Analysts supporting decision-makers who wish to incorporate risk and uncertainty in their evaluations of different decision options.

Enroll now: Essentials of business risk analysis modeling

Summary

Title: Essentials of business risk analysis modeling

Price: $74.99

Average Rating: 4.64

Number of Lectures: 16

Number of Quizzes: 2

Number of Published Lectures: 16

Number of Published Quizzes: 2

Number of Curriculum Items: 19

Number of Published Curriculum Objects: 19

Original Price: $19.99

Quality Status: approved

Status: Live

What You Will Learn

  • Understand how risk analysis modeling is used in business
  • Know the probability distributions and math needed to perform a business risk analysis
  • Evaluate the aggregate exposure from a set of risks in a register
  • Complete a financial risk analysis for a business investment
  • Be able to audit a risk analysis model identifying errors and interpreting formulae
  • Create, interpret and present risk analysis reports to decision-makers

Who Should Attend

  • Analysts supporting decision-makers who wish to incorporate risk and uncertainty in their evaluations of different decision options.

Target Audiences

  • Analysts supporting decision-makers who wish to incorporate risk and uncertainty in their evaluations of different decision options.

A very large component of a business’ success is how it manages risk. Risk is managed far more effectively if one can quantify and therefore compare the uncertainty of outcomes from different possible decision options.

Risk quantification isn’t actually that hard. It’s been used very successfully for over twenty years in most large organizations, and the ability to build a simple, defensible and decision-focused risk analysis is a skill much sought-after in large corporations. This course will teach you that skill.

You don’t need to have any background in probability or statistics to complete this course. This course assumes no prior knowledge of probability concepts. You also don’t need to have a strong background in math – if you passed math at high school you’ll be fine. You should be comfortable with numbers, however, and have a logical mindset. It will also be quite helpful if you are familiar with the very basic features of Excel.

Bear in mind that risk analysis is a creative process. This course teaches you how to describe uncertainty in numerical terms by building risk analysis models that faithfully reflect your view of the uncertainty ahead. That’s half the battle. The other half is to think about what risks you face and how you can manage them best. That’s the really interesting and challenging part.   

Course Curriculum

Chapter 1: Introduction

Lecture 1: Introduction

Chapter 2: Setting up your risk analysis software

Lecture 1: Introduction

Lecture 2: How to download and install ModelRisk

Chapter 3: The basics of Monte Carlo simulation

Lecture 1: Introduction

Lecture 2: Explanation of Monte Carlo simulation through a series of examples and exercises

Chapter 4: A review of the probability distributions needed in business risk modeling

Lecture 1: Introduction

Lecture 2: A review of key distributions used in risk analysis and how they are applied

Chapter 5: Creating and presenting risk analysis results

Lecture 1: Introduction

Lecture 2: Reporting and reviewing results

Chapter 6: Comparing decision options using multiple simulations

Lecture 1: Introduction

Lecture 2: Setting up multiple simulations in a model

Chapter 7: Common math mistakes in risk models and how to avoid them

Lecture 1: Introduction

Lecture 2: The most common mistakes and their remedies

Chapter 8: What makes a good model

Lecture 1: Introduction

Lecture 2: What makes a good model

Chapter 9: Wrap up

Lecture 1: How to get your Credly badge

Instructors

  • David Vose
    David Vose
    Recognized expert, author and innovator in risk analysis

Rating Distribution

  • 1 stars: 0 votes
  • 2 stars: 0 votes
  • 3 stars: 5 votes
  • 4 stars: 15 votes
  • 5 stars: 24 votes

Frequently Asked Questions


How long do I have access to the course materials?


You can view and review the lecture materials indefinitely, like an on-demand channel.


Can I take my courses with me wherever I go?


Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don’t have an internet connection, some instructors also let their students download course lectures. That’s up to the instructor though, so make sure you get on their good side!

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