Palisade demonstrates the use of DecisionTools Suite in financial risk quantification for environmental remediation and site cleanup efforts

Invitation to free webcast – Friday 2 April 2009

John Lynch, president of JWL Environmental, will give the next presentation in Palisade’s live webcast series:

“The use of The DecisionTools Suite in Probabilistic Cost Estimating for Environmental Asset Retirement Obligations”

2 April 2009
4 to 5pm UK time (11am to 12 noon Eastern Daylight Time)

This free live webcast will demonstrate using the DecisionTools suite in financial risk quantification (RQ) for environmental remediation and site cleanup efforts. The session will consist of three segments: RQ Drivers, RQ Techniques and Resources, RQ Examples and Lessons Learned.

First, Lynch will describe the various drivers for risk quantification including: financial accrual estimates; SEC FIN 47 compliance; environmental insurance placements; merger and acquisition support; and PRP group negotiations; corporate and trust dissolution and liability transfer mechanism origination. The ASTM guidance and FASB interpretation will be discussed.

Lynch will then discuss alternative approaches to and resources available for RQ. Types of uncertainties including regulatory, site, contaminant and technological uncertainties will be described and discussed. Resources for defining limits on uncertainties including costing will be presented. The use of expert panels will be discussed. Decision trees as a RQ tool will be described and examples presented. Publicly available and proprietary commercial data bases of unit costs will be presented. The use of the DecisionTools Suite and @RISK will be discussed.

Finally Lynch will present three cases where RQ was applied to environmental cleanup projects and site portfolios. Example A will be a munitions site in California with impact on public water supplies. Example B will the asset retirement obligation estimate for a transportation company. Example C will be the estimate of a large sediment remediation and the impact of a trust dissolution effort. Time will be allocated to Q&A at the end of the free live webcast.

To register your place at this event and future webinars, please go to:

http://www.palisade.com/seminars/webcasts.asp

About John Lynch
John Lynch is an environmental engineer with thirty five years of experience managing environmental issues. Over the past thirty years his practice has concentrated on environmental remediation and property cleanup. He has managed over 200 environmental remediation projects nationwide. He was one of the founders of RETEC, a highly successful environmental consulting company that specialized in the engineering and application of environmental remediation solutions. He has prepared over 50 probabilistic environmental costs estimates for individual sites and large portfolios of dozens to hundreds of properties. His clients include insurance companies and brokers, lenders and financial institutions, property developers and real estate managers, utilities, transportation companies (railroads), petroleum, and chemical companies. Mr. Lynch is a registered professional engineer in New York, Pennsylvania, and Illinois.

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About Palisade Corporation

Palisade is the market leader in risk and decision analysis software for Microsoft Excel and Microsoft Project. Headquartered in Ithaca, New York, where the company was founded, Palisade also maintains offices in London, England; Sydney, Australia; and offers special services to Latin American customers. Palisade users can be found in over 100 countries, and include the likes of AT&T, Hewlett Packard, Hitachi, IBM, Proctor & Gamble, Dow Chemical, Citigroup, Bristol Myers-Squibb, PricewaterhouseCoopers, Unilever, London Underground, Infineon and Statoil.

For further information:
Kate Alexander / Nicola Males
Vanilla Public Relations Ltd
Email: kate {at} vanillapr.co(.)uk / nicola {at} vanillapr.co(.)uk
Tel: +44 (0)20 8543 8481 / +44 7976 652491