Imrecon

Many decisions have to be made in a world of risk and uncertainty, but are informed by financial or economic forecasts using 'best estimates'.  The only certainty is they are wrong. 

They are not necessarily materially wrong, but risk is a material factor in almost all policy and business decisions.  Indeed, the purpose of many decisions is to increase the likelihood of the better outcomes in a large or indefinite set of possibilities, by creating a better allocation of risk.

Imrecon helps clients take the risk environment into account in analysing the impact of their decisions.

Imrecon's analytical capability is framed in a risk-aware context and incorporates risk modelling techniques where appropriate.  The most important component of Imrecon's general approach is to understand the underlying structure of the problem - what are the dynamics and drivers, how do the parts of the system being analysed each behave and interact, what are the forces and influences and what are the key assumptions.

Any assumption is a potential source of uncertainty and revealing the hidden assumptions in the decision-maker's models or mindsets can be critical.  Recognising the level of uncertainty in those assumptions provides for a richer and more dynamic analysis and clearer insights into the real context for the decision.

Imrecon uses Palisade @RISK.