Please Contact DARCA at (970) 412-1960 for more information on scheduling this on-site workshop. All 1/2 day workshops are $500 and full day workshops are $1000.
Sound financial and decision analyses are critical for the success of ditch and reservoir companies. In the context of Colorado water, the problems facing ditch companies are complex and we are awash in huge amounts of data.
Decision makers may view these problems and their solutions as linear and sequential when in fact the very nature of the inherent decisions may be more simultaneous, interdependent, or involve uncertainty. Decision and policy makers often throw up their hands and opt for a back of the envelope approach when these problems become too complex. However, affordable solutions can be obtained for most problems with appropriate problem solving skills and the use of desktop computers.
The workshop will begin by explaining traditional methods for analyzing projects using the concepts of present value of costs and benefits. Problems arising out of using average values and the assumption of normality will be discussed.
Participants will learn why it is important to think about and how to analyze events in the context of risk. They will learn how risk analysis is carried out in leading companies around the world. A tour of various analytical methods and applications including those involving uncertainty will be demonstrated.