Thales UK has adopted risk analysis software to enable
it to assess the commercial feasibility of potential new
business.
Risk analysis ensures the provider of mission-critical
electronic information systems is fully informed when making
business-critical decisions.
Thales is using @Risk from Palisade Corporation to assist it in
making strategic decisions of whether or not to tender for new
business.
Using
Monte
Carlo analysis to show all potential scenarios and the
likelihood that each will occur, the system enables Thales to
calculate the competitiveness of complex markets, measure
probabilities for project costs, quantify rates of return, as well
as accounting for the effects of cumulative business.
Adam Ogilvie-Smith, senior consultant at Thales UK's management
consultancy business, said, "@Risk combines its powerful risk
analysis capability with the added benefit of being easy and
intuitive to use, and applicable for almost any task.
"As a result, it is a key strategic tool for Thales UK,
assisting us in our process of reaching informed business-critical
decisions."
