Decision and Risk Analytics Course
Location: 8230 Old Courthouse Road, Suite 460, Vienna, VA 22182
Time: 9:00am to 4:00pm
Course Information. Decision and Risk Analytics is an intense four-day course developed for analysts who design, conduct, and manage risk and decision analyses, as well as analysts who are consumers of analytic products or responsible for evaluating them. The course begins with an overview of problem solving from a ‘systems perspective,’ then quickly transitions to risk modeling, integrating systems engineering, risk analysis, and decision analysis. With a common baseline established, the course focuses on the use of risk and decision analysis software and application. In addition to lecture, there is class work that includes reading assignments, discussions, and class problems using risk and decision analysis software. Although the course includes a discussion on multiple decision and risk analysis software, the focus is ‘hands on’ training with Excel, Oracle's Crystal Ball, and Netica. Students who attend this course will gain an advanced understanding of risk and decision analysis, as well as an appreciation of the philosophies that comprise risk analysis.
The cost is $2950, which includes all handouts as well as light snacks and drinks throughout the day. Parking on site is free and easy. A discount of $300 for early registration is available, and there is a $300 group registration discount (after the first registrant). Only one discount per person.
- Course Overview & Introductions
- Problem Solving Methodologies
- Systems Analysis & Systems Thinking
- Risk Assessment, Perception & Communications and Risk vs. Safety
- Class Exercise (Systems Mapping)
- Case Study
- Study Plans Design
- Risk Modeling: Event Tree Design Using Excel
- Build a Risk Simulation Using Crystal Ball (CB) Part I
- Simulation Class Exercise I
- Oracle Crystal Ball (CB) Part II
- Aggregate Expert Judgment
- Cost-Benefit Modeling and Analysis
- Simulation Class Exercise II
- Overview of Bayesian Belief Networks
- Building Bayesian Belief Networks with Netica™
- Class Exercise with Netica
Terms and Conditions
Payment must accompany registration. Registration closes 7 calendar days before the first day of the course. Reservations are accepted on a first-come, first-served basis.
We welcome the enrollment of a substitute in an enrollee’s place, provided the customer notifies us in writing before the first day of the course. IDI will credit 100% of any prepaid course fees against the course fee of the substitute.
Refunds, less a $100 cancellation fee, will be given for cancellations made 7 or more calendar days before the first day of the course. After that, only student substitutions will be allowed.
We reserve the right to cancel or reschedule; if we do, you will receive a full refund.
Enrollees are strongly encouraged to bring their own laptops to participate in class examples. Please contact IDI if this is a problem.
IDI will provide drinks and light snacks each day. The course fee does not include lodging, lunch, evening meals, travel or any other expenses that may be incurred by our customer.