Vanguard Software Helps NC State MBA
Candidates Understand the Role of Planning and Analysis
in Business
Students Learn about Risk Analysis, Enterprise
Modeling and Simulation, and Strategic Forecasting
Cary, NC – March 26, 2008 – Through Vanguard
Software's Academic Partnership with North Carolina State
University (NC State), Brian Lewis, VP of Professional
Services for Vanguard Software, delivered two guest
lectures at the College of Management during the MBA
course entitled Risk Management Measurement Tools. The
first lecture focused on the Vanguard System™, a
collaborative planning and analysis application that
supports risk analysis techniques such as Monte Carlo
Simulation and Grid Computing. The second lecture
presented customer case studies which highlight how the
Vanguard System supports collaborative modeling and
simulation (CM&S) for strategic forecasting.
“CM&S are essential skills that we want to
deliver and impart to our students who are pursuing
coursework focused on the topic of risk management,”
said Paul Bergey, Associate Professor of Accounting at NC
State. “The Vanguard System is an ideal tool for
providing students with a unique enterprise view of this
rapidly emerging paradigm. We are thrilled with
Vanguard’s support of our curriculum and look
forward to strengthening our educational alliance with
them.”
The MBA course is offered through NC State's new Enterprise Risk
Management (ERM) Initiative. Combining qualitative
and quantitative approaches to measuring and managing
organizational risk, the course uses the Vanguard System
(among other tools) to:
- Identify and measure risk from both quantitative
and qualitative perspectives;
- Integrate measurement tools often associated with
finance, statistics, and economics to explore how
common risk management techniques could be
applied to other more challenging risk categories
including operational and strategic risk; and
- Explore effective techniques for conducting
qualitative assessments by leveraging qualitative
techniques used in marketing, technology
transfer, and human resources to develop
alternative qualitative assessment tools.
"Business intelligence and predictive analytics
solutions perform backward-looking analysis and are
therefore great for performance management activities.
However, when companies need to plan for an uncertain
future, they need a more sophisticated collaborative
modeling and simulation solution like Vanguard
System," explains Lewis. "These lecture
opportunities at NC State allow us to engage in great
dialogs with faculty and MBA students on effective risk
planning and analysis."
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About Vanguard Software
Vanguard Software is a privately held corporation founded in
1995 to develop business Decision Support software. Customers in
over 60 countries and in every major industry use Vanguard’s
software for forecasting, resource optimization, Web-based expert
systems, and financial modeling. For more information about
Vanguard, visit http://www.vanguardsw.com.
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