HandbookADTP-GDE-032

Quantifying Risk

Ranges, calibration and decisions

Moving from colours to money: building defensible ranges, calibrating estimates, and using the result to make a decision.

Contents

  • §Why heat maps stall
  • §Frequency and magnitude
  • §Calibration exercises
  • §Modelling without a modelling team
  • §Presenting a range honestly
  • §Deciding with the number