Risk Analysis Consulting Services | Vose Software

Consulting

Risk analysis consultingModels that stand up to scrutiny

Vose began as a risk analysis consultancy, and consulting is still part of our work. We build risk models, review yours before a critical decision or a public review, design risk methods for whole organisations and support litigation.

How we work

The problem first, the software second

We make risk analysis software, but our consulting starts from your decision, not from our products.

The problem comes first

We look for the best solution with the least fuss, and consider the problem independently of the software we sell.

Any tool, or none

The answer might use our software, another product better suited to the problem, or no software at all.

Plain answers

Models are built to give the decision-maker the information that matters, and the results are presented plainly.

Better software

Consulting shows us how clients use our software, how to improve it and which risk analysis tools are still missing.

Services

Four ways we help

From a second opinion on one model to a risk method for the whole organisation.

01

Model audit and review

Confidence that your risk analysis is as good as it can be

Models without uncertainty often contain important errors. Monte Carlo models are even more prone to them: the numbers keep changing, the model has to allow for that, and probability calculations are easy to get wrong. Risk models can also be slow, or fail to give the decision-maker the information that matters.

What we review
Your current model, your planned modelling approach, or the way the results are presented.
When it helps
Before a report goes out to public review, supports a critical decision, or faces a potentially hostile audience.

02

Model development

A risk analysis model you can rely on

If you don’t have the time or the risk analysis expertise in-house, or the model has to stand up to very heavy scrutiny, we build it for you.

What you get
An expert risk analysis model, with documentation and presentation material.
How it starts
With your NDA and one or two scoping calls, as set out below.

03

Expert witness and litigation support

A risk analysis expert to support your case

We act as expert witnesses, undertake research, organise teams of experts and help with litigation strategy. Experience and the neutrality of a consultancy let us explain complex risk analysis in simple terms to a judge or jury.

Our record
Expert evidence or key risk advice in international cases, including a WTO trade dispute, US and Australian federal courts and London arbitration.
Before we agree
We first look into the risk-based argument you want to put before the court, and we may withdraw if we cannot support it. Our opinion has to be honest and unbiased.

04

Risk management methodology

A risk analysis process that works for your whole business

In large companies, small groups often develop their own ways of assessing risk. These rarely add up to one methodology, so some risks go unassessed, results can’t be compared, and senior management lacks the overview it needs to manage risk, or to show investors and regulators that it does.

What we design
A methodology that builds on the risk work you already do, and is flexible, easy to use, sustainable, consistent and comprehensive.
How it runs
A senior management discussion of risk appetite, governance, current risk work, gaps and problems. Then a review of current analyses with your managers and analysts, and a proposal, made with your stakeholders, for risk identification, analysis, communication, management and reporting that can be put in place quickly and cost-effectively.

How an engagement starts

From first call to contract

This is how a modelling engagement usually begins. You know the scope and the predicted cost before you commit.

  1. NDA

    We start by signing your non-disclosure agreement.

  2. Scoping calls

    One or two discussions of the decision you face, the scope, the data available, the timeframe and the budget.

  3. Draft proposal

    Our understanding of the problem, the deliverables, any options, what each side commits to provide, and the predicted cost.

  4. Contract

    After edits on both sides and an agreement to proceed, the proposal becomes the contract.

“It was a pleasure to work with the Vose team to build a revenue model for our pharmaceutical product candidates. They listened, hit our deadlines and produced a high-quality model on budget. Highly recommended!”

Karin M Hold, Director of Business Development, Anacor Pharmaceuticals Inc.

FAQ

Questions about consulting

Do you only use Vose software?

No. We look at the problem first. The answer may use our software, another product that suits the problem better, or no software at all.

Can you review a model we have already built?

Yes. We review existing models, planned modelling approaches and the way results are presented, for example before a report goes out to public review or supports a critical decision.

Will you sign our NDA?

Yes. A modelling engagement usually starts with signing an NDA that you provide.

How much does a consulting project cost?

It depends on the problem, the scope, the data and the timeframe. After one or two scoping calls we send a draft proposal with the predicted cost. The first conversation is free of obligation.

Do you act as an expert witness?

Yes. We have given expert evidence or acted as key risk adviser in international cases, including a WTO trade dispute, US and Australian federal courts and London arbitration. We first look into the argument you want to make, and only take on cases we can support.

Can you also train our team?

Yes. We run courses in risk analysis and in our software, online or at your offices, from first steps to masterclasses.

Interested in an obligation-free conversation?

Tell us about the decision, the model or the case. We’ll tell you plainly whether and how we can help.