Palisade demonstrates the use of DecisionTools Suite in financial risk quantification for environmental remediation and site cleanup efforts
Invitation to free webcast – Friday 2 April 2009
John Lynch, president of JWL Environmental, will give the next presentation in Palisade's live webcast series:
“The use of The DecisionTools Suite in Probabilistic Cost Estimating for Environmental Asset Retirement Obligations”
2 April 2009
4 to 5pm UK time (11am to 12 noon Eastern Daylight Time)
This free live webcast will demonstrate using the DecisionTools suite in financial risk quantification (RQ) for environmental remediation and site cleanup efforts. The session will consist of three segments: RQ Drivers, RQ Techniques and Resources, RQ Examples and Lessons Learned.
First, Lynch will describe the various drivers for risk quantification including: financial accrual estimates; SEC FIN 47 compliance; environmental insurance placements; merger and acquisition support; and PRP group negotiations; corporate and trust dissolution and liability transfer mechanism origination. The ASTM guidance and FASB interpretation will be discussed.
Lynch will then discuss alternative approaches to and resources available for RQ. Types of uncertainties including regulatory, site, contaminant and technological uncertainties will be described and discussed. Resources for defining limits on uncertainties including costing will be presented. The use of expert panels will be discussed. Decision trees as a RQ tool will be described and examples presented. Publicly available and proprietary commercial data bases of unit costs will be presented. The use of the DecisionTools Suite and @RISK will be discussed.
Finally Lynch will present three cases where RQ was applied to environmental cleanup projects and site portfolios. Example A will be a munitions site in California with impact on public water supplies. Example B will the asset retirement obligation estimate for a transportation company. Example C will be the estimate of a large sediment remediation and the impact of a trust dissolution effort. Time will be allocated to Q&A at the end of the free live webcast.
To register your place at this event and future webinars, please go to:
http://www.palisade.com/seminars/webcasts.asp
