Going Beyond Monte Carlo

Why Scenario-Based Thinking Offers Further Insights

In this presentation, we challenge some of the limitations of traditional Monte Carlo simulations and introduce ways in which a scenario-based approach can enhance this for decision makers.

Aimed at entry-to-mid level analysts and non-technical stakeholders, this session will explore practical implementation steps, real-world examples, and a hybrid approach that blends probabilistic modelling with scenario planning.

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Presenter: William Foulds

With 25 years of experience in risk management and analysis, William is a respected industry leader and the founder of Redstone Risk Ltd. A Certified Fellow of the Institute of Risk Management with an MSc in Risk Management (Distinction), he has advised high-profile clients across industries.

His expertise spans schedule and cost risk analysis, project controls, and strategic risk advisory at all levels, from hands-on project work to boardroom consulting. An accomplished author and speaker, William has presented at leading conferences and provided expert evidence to Parliament on defence procurement.

Get in touch with our guest speaker:

Will is the managing director of Redstone Risk, a Safran Risk Independent Authority. Safran customers often use him as a consultant to help them improve their QSRA processes, and get more project value. You can get in touch with him on LinkedIn, if you have any questions for him.