Leveraging Monte Carlo Simulation for Risk Management and Decision Making

PEO Sudbury Presents: Leveraging Monte Carlo Simulation for Risk Management and Decision Making

Uncertainty is a constant challenge, influencing project viability and operational planning. Monte Carlo simulation has emerged as a powerful tool for quantifying and managing risk by enabling a probabilistic approach to decision-making.

This talk will provide a comprehensive overview of Monte Carlo methods and their practical applications in mining (and life in general). Key topics include financial forecasting, metal price forecasting, project timelines and project risk assessment. Through case studies and real-world examples, we will demonstrate how Monte Carlo simulation can provide insights into uncertain variables and enhance project outcomes. Attendees will gain an understanding of the benefits of probabilistic modeling over deterministic approaches and learn how to implement Monte Carlo simulations to improve decision confidence.

Whether you are a mining engineer, project manager, or data analyst, this session will equip you with practical tools to navigate uncertainty and drive more robust decision-making in the mining sector. Light snacks and refreshments will be provided.

Date: Tuesday, February 25 · 2 - 6pm EST
Location: Timberwolf Golf Club (1930 Maley Drive Greater Sudbury, ON P3L 1M5)

Please note - if you register but fail to attend without providing 48 hours notice of a cancellation, your participation in future chapter events will be limited.