Managing Risk in Revenue Forecasts: Decision Making

Part 4 of the course will focus on two main topics. The first topic is how to use the model in decision making. This concerns your governing board's attitude towards risk and how to frame trade-offs between competing goals. The second topic covers the data and technology needed for the risk analysis. We will review the data participants have collected, see how the data can be used in complete "libraries" that feed a risk model, and show how to create a library. At the end of the course, attendees will be prepared to participate in adding data to the risk model used in this course and to start conversations in their organizations about risk in forecasting. Learning objectives: Those who successfully complete this seminar should be able to: Discuss risk attitudes with their governing boards and how to make trade-offs between competing goals Review data that attendee have gathered and see how that data can be used in the risk model
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