{"id":5286,"date":"2026-08-26T17:09:51","date_gmt":"2026-08-26T16:09:51","guid":{"rendered":"https:\/\/icompliance.eu\/?page_id=5286"},"modified":"2026-08-29T19:22:41","modified_gmt":"2026-08-29T18:22:41","slug":"monte-carlo-simulation","status":"publish","type":"page","link":"https:\/\/icompliance.eu\/en\/monte-carlo-simulation\/","title":{"rendered":"Monte Carlo Simulation"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"5286\" class=\"elementor elementor-5286 elementor-5228\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-204ae63 hero_32432525 e-flex e-con-boxed e-con e-parent\" data-id=\"204ae63\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;gradient&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-fdb78fe e-con-full e-flex e-con e-child\" data-id=\"fdb78fe\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-15cc325 font_family_234234 elementor-widget elementor-widget-heading\" data-id=\"15cc325\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\">Monte Carlo Simulation<\/p>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-82e7523 elementor-widget elementor-widget-heading\" data-id=\"82e7523\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Monte Carlo Simulation<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b75a1cc font_family_234234 elementor-widget elementor-widget-text-editor\" data-id=\"b75a1cc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>We model the uncertainty surrounding key variables as probability distributions, and simulate thousands of combined scenarios to produce a distribution of possible outcomes, rather than a single point estimate.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-082bbb8 e-con-full e-flex e-con e-child\" data-id=\"082bbb8\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-dd87f1c font_family_234234 e-transform elementor-widget elementor-widget-button\" data-id=\"dd87f1c\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_transform_translateY_effect_hover&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:-4,&quot;sizes&quot;:[]},&quot;_transform_translateX_effect_hover&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;_transform_translateX_effect_hover_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;_transform_translateX_effect_hover_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;_transform_translateY_effect_hover_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;_transform_translateY_effect_hover_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"button.default\">\n\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/icompliance.eu\/en\/book-risk-diagnostic\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Book a risk assessment \u2192<br \/><\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dedb343 font_family_234234 e-transform elementor-widget elementor-widget-button\" data-id=\"dedb343\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_transform_translateY_effect_hover&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:-4,&quot;sizes&quot;:[]},&quot;_transform_translateX_effect_hover&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;_transform_translateX_effect_hover_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;_transform_translateX_effect_hover_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;_transform_translateY_effect_hover_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;_transform_translateY_effect_hover_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"button.default\">\n\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/icompliance.eu\/gestao-risco-iso-31000\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">See pillar \u2192<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e3eb063 e-flex e-con-boxed e-con e-parent\" data-id=\"e3eb063\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-5a65013 e-con-full e-flex e-con e-child\" data-id=\"5a65013\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-7abb22c e-con-full e-flex e-con e-child\" data-id=\"7abb22c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-97412bb e-con-full e-flex e-con e-child\" data-id=\"97412bb\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-cd8099e elementor-widget elementor-widget-text-editor\" data-id=\"cd8099e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<div style=\"width:40px;height:40px;border-radius:11px;background:#E9FAF5;display:flex;align-items:center;justify-content:center\"><svg width=\"18\" height=\"18\" viewbox=\"0 0 24 24\" fill=\"none\" stroke=\"#00A88F\" stroke-width=\"1.8\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M12 3l8 4.5-8 4.5-8-4.5L12 3z\"><\/path><path d=\"M4 12l8 4.5 8-4.5\"><\/path><path d=\"M4 16.5l8 4.5 8-4.5\"><\/path><\/svg><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c1a9f52 elementor-widget elementor-widget-heading\" data-id=\"c1a9f52\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What we deliver<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9be45c8 elementor-widget elementor-widget-text-editor\" data-id=\"9be45c8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>We model the uncertainty surrounding key variables (costs, revenues, timelines, rates) as probability distributions, and simulate thousands of combined scenarios to produce a distribution of possible outcomes \u2014 rather than a single point estimate \u2014 thereby supporting investment and budgeting decisions with a realistic assessment of risk.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3330502 elementor-widget elementor-widget-text-editor\" data-id=\"3330502\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul style=\"list-style:none;padding:0;margin:0;display:grid;grid-template-columns:1fr 1fr;column-gap:18px;row-gap:0\"><li style=\"list-style:none;display:flex;align-items:flex-start;gap:10px;margin:0 0 14px 0;padding:0\"><span style=\"flex:none;width:20px;height:20px;border-radius:50%;background:#E9FAF5;color:#00A88F;font-weight:800;font-size:12px;line-height:20px;text-align:center;margin-top:1px\">\u2713<\/span><span>Diagnosis and scoping<\/span><\/li><li style=\"list-style:none;display:flex;align-items:flex-start;gap:10px;margin:0 0 14px 0;padding:0\"><span style=\"flex:none;width:20px;height:20px;border-radius:50%;background:#E9FAF5;color:#00A88F;font-weight:800;font-size:12px;line-height:20px;text-align:center;margin-top:1px\">\u2713<\/span>Job description and responsibilities<\/li><li style=\"list-style:none;display:flex;align-items:flex-start;gap:10px;margin:0 0 14px 0;padding:0\"><span style=\"flex:none;width:20px;height:20px;border-radius:50%;background:#E9FAF5;color:#00A88F;font-weight:800;font-size:12px;line-height:20px;text-align:center;margin-top:1px\">\u2713<\/span><span>Templates e crit\u00e9rios operacionais<\/span><\/li><li style=\"list-style:none;display:flex;align-items:flex-start;gap:10px;margin:0 0 14px 0;padding:0\"><span style=\"flex:none;width:20px;height:20px;border-radius:50%;background:#E9FAF5;color:#00A88F;font-weight:800;font-size:12px;line-height:20px;text-align:center;margin-top:1px\">\u2713<\/span><span>Implementation and reporting plan<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-f596af6 e-con-full e-flex e-con e-child\" data-id=\"f596af6\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-22e6700 elementor-widget elementor-widget-text-editor\" data-id=\"22e6700\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<div style=\"width:40px;height:40px;border-radius:11px;background:#E9FAF5;display:flex;align-items:center;justify-content:center\"><svg width=\"18\" height=\"18\" viewbox=\"0 0 24 24\" fill=\"none\" stroke=\"#00A88F\" stroke-width=\"1.8\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><circle cx=\"12\" cy=\"12\" r=\"8.5\"><\/circle><path d=\"M15 9l-2 5-5 2 2-5 5-2z\"><\/path><\/svg><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dfe08e3 elementor-widget elementor-widget-heading\" data-id=\"dfe08e3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Why it is relevant<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-497aa3b elementor-widget elementor-widget-text-editor\" data-id=\"497aa3b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Risk management only creates value when it supports decision-making, prioritisation and accountability.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8bccd01 elementor-widget elementor-widget-text-editor\" data-id=\"8bccd01\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul style=\"list-style:none;padding:0;margin:0;display:grid;grid-template-columns:1fr 1fr;column-gap:18px;row-gap:0\"><li style=\"list-style:none;display:flex;align-items:flex-start;gap:10px;margin:0 0 14px 0;padding:0\"><span style=\"flex:none;width:20px;height:20px;border-radius:50%;background:#E9FAF5;color:#00A88F;font-weight:800;font-size:12px;line-height:20px;text-align:center;margin-top:1px\">\u2713<\/span>Better prioritisation of resources<\/li><li style=\"list-style:none;display:flex;align-items:flex-start;gap:10px;margin:0 0 14px 0;padding:0\"><span style=\"flex:none;width:20px;height:20px;border-radius:50%;background:#E9FAF5;color:#00A88F;font-weight:800;font-size:12px;line-height:20px;text-align:center;margin-top:1px\">\u2713<\/span><span>Greater clarity for management and administration<\/span><\/li><li style=\"list-style:none;display:flex;align-items:flex-start;gap:10px;margin:0 0 14px 0;padding:0\"><span style=\"flex:none;width:20px;height:20px;border-radius:50%;background:#E9FAF5;color:#00A88F;font-weight:800;font-size:12px;line-height:20px;text-align:center;margin-top:1px\">\u2713<\/span><span>Critical risk management<\/span><\/li><li style=\"list-style:none;display:flex;align-items:flex-start;gap:10px;margin:0 0 14px 0;padding:0\"><span style=\"flex:none;width:20px;height:20px;border-radius:50%;background:#E9FAF5;color:#00A88F;font-weight:800;font-size:12px;line-height:20px;text-align:center;margin-top:1px\">\u2713<\/span><span>Evidence for the audit and stakeholders<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-26145f7 e-con-full e-flex e-con e-child\" data-id=\"26145f7\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-76c0867 elementor-widget elementor-widget-text-editor\" data-id=\"76c0867\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<div style=\"width:40px;height:40px;border-radius:11px;background:#E9FAF5;display:flex;align-items:center;justify-content:center\"><svg width=\"18\" height=\"18\" viewbox=\"0 0 24 24\" fill=\"none\" stroke=\"#00A88F\" stroke-width=\"1.8\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><rect x=\"6\" y=\"3\" width=\"12\" height=\"18\" rx=\"2\"><\/rect><line x1=\"9\" y1=\"8\" x2=\"15\" y2=\"8\"><\/line><line x1=\"9\" y1=\"12\" x2=\"15\" y2=\"12\"><\/line><line x1=\"9\" y1=\"16\" x2=\"13\" y2=\"16\"><\/line><\/svg><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-23dfe58 elementor-widget elementor-widget-heading\" data-id=\"23dfe58\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Typical deliverables<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-205d771 elementor-widget elementor-widget-text-editor\" data-id=\"205d771\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The deliverables are designed for practical use, not just for filing.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6c4de2d elementor-widget elementor-widget-text-editor\" data-id=\"6c4de2d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul style=\"list-style:none;padding:0;margin:0;display:grid;grid-template-columns:1fr 1fr;column-gap:18px;row-gap:0\"><li style=\"list-style:none;display:flex;align-items:flex-start;gap:10px;margin:0 0 14px 0;padding:0\"><span style=\"flex:none;width:20px;height:20px;border-radius:50%;background:#E9FAF5;color:#00A88F;font-weight:800;font-size:12px;line-height:20px;text-align:center;margin-top:1px\">\u2713<\/span><span>Executive workshop<\/span><\/li><li style=\"list-style:none;display:flex;align-items:flex-start;gap:10px;margin:0 0 14px 0;padding:0\"><span style=\"flex:none;width:20px;height:20px;border-radius:50%;background:#E9FAF5;color:#00A88F;font-weight:800;font-size:12px;line-height:20px;text-align:center;margin-top:1px\">\u2713<\/span><span>Analysis matrix or model<\/span><\/li><li style=\"list-style:none;display:flex;align-items:flex-start;gap:10px;margin:0 0 14px 0;padding:0\"><span style=\"flex:none;width:20px;height:20px;border-radius:50%;background:#E9FAF5;color:#00A88F;font-weight:800;font-size:12px;line-height:20px;text-align:center;margin-top:1px\">\u2713<\/span><span>Dashboard or executive report<\/span><\/li><li style=\"list-style:none;display:flex;align-items:flex-start;gap:10px;margin:0 0 14px 0;padding:0\"><span style=\"flex:none;width:20px;height:20px;border-radius:50%;background:#E9FAF5;color:#00A88F;font-weight:800;font-size:12px;line-height:20px;text-align:center;margin-top:1px\">\u2713<\/span><span>Actions roadmap and owners<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-f055030 e-con-full aside_sticky_9f31c2 e-flex e-con e-child\" data-id=\"f055030\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-5cb8337 e-con-full e-flex e-con e-child\" data-id=\"5cb8337\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;gradient&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-56cf5cb elementor-widget elementor-widget-heading\" data-id=\"56cf5cb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Shall we talk about the context?<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3b842d3 elementor-widget elementor-widget-text-editor\" data-id=\"3b842d3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>A 30-minute conversation to assess priorities and draw up a practical plan \u2014 together.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2af745d font_family_234234 e-transform elementor-widget elementor-widget-button\" data-id=\"2af745d\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_transform_translateY_effect_hover&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:-4,&quot;sizes&quot;:[]},&quot;_transform_translateX_effect_hover&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;_transform_translateX_effect_hover_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;_transform_translateX_effect_hover_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;_transform_translateY_effect_hover_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;_transform_translateY_effect_hover_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"button.default\">\n\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/icompliance.eu\/en\/book-risk-diagnostic\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Book a risk assessment \u2192<br \/><\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-328c796 e-con-full e-flex e-con e-child\" data-id=\"328c796\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-97da1d4 font_family_234234 elementor-widget elementor-widget-heading\" data-id=\"97da1d4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\">Related<\/p>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-edb4e36 elementor-widget elementor-widget-text-editor\" data-id=\"edb4e36\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p style=\"margin:0 0 6px\"><a href=\"https:\/\/icompliance.eu\/en\/scenario-analysis\/\">Scenario Analysis<\/a><\/p><p style=\"margin:0 0 6px\"><a href=\"https:\/\/icompliance.eu\/en\/risk-appetite-framework\/\">Risk Appetite Framework<\/a><\/p><p style=\"margin:0 0 6px\"><a href=\"https:\/\/icompliance.eu\/en\/decision-trees\/\">Decision Trees<\/a><\/p><p style=\"margin:0 0 6px\"><a href=\"https:\/\/icompliance.eu\/en\/decision-analytics\/\">Decision Analytics<\/a><\/p><p style=\"margin:0 0 6px\"><a href=\"https:\/\/icompliance.eu\/en\/risk-maturity-diagnostic\/\">Risk Maturity Assessment<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2a0c77e e-flex e-con-boxed e-con e-parent\" data-id=\"2a0c77e\" data-element_type=\"container\" data-e-type=\"container\" id=\"faq\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-d228ee2 e-con-full e-flex e-con e-child\" data-id=\"d228ee2\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-bfc71f8 font_family_234234 elementor-widget elementor-widget-heading\" data-id=\"bfc71f8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\">Frequently Asked Questions<\/p>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fe4a19e elementor-widget elementor-widget-heading\" data-id=\"fe4a19e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Common questions about Monte Carlo simulation<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4f3557e e-grid e-con-full e-con e-child\" data-id=\"4f3557e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-cd74ffd e-con-full e-flex e-con e-child\" data-id=\"cd74ffd\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-60ea02a elementor-widget elementor-widget-heading\" data-id=\"60ea02a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">What is Monte Carlo simulation?<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-332e3ea elementor-widget elementor-widget-text-editor\" data-id=\"332e3ea\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>It is a statistical technique that tests thousands of possible combinations of uncertain variables to show the range of likely outcomes of a decision, along with their respective probabilities \u2014 which is far more informative than a single predicted scenario.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-1696d5e e-con-full e-flex e-con e-child\" data-id=\"1696d5e\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d44d43c elementor-widget elementor-widget-heading\" data-id=\"d44d43c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">How does the process work?<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0c4a0a8 elementor-widget elementor-widget-text-editor\" data-id=\"0c4a0a8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>We work in stages: initial assessment, setting priorities, practical implementation and ongoing monitoring with clear indicators of progress.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-412f59c e-con-full e-flex e-con e-child\" data-id=\"412f59c\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-95dfa66 elementor-widget elementor-widget-heading\" data-id=\"95dfa66\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">How long does it take, and who is involved?<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8b0c880 elementor-widget elementor-widget-text-editor\" data-id=\"8b0c880\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Timeframes vary depending on the size and maturity of the organisation, but the initial assessment usually takes 2 to 4 weeks before we move on to implementation.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-1325358 e-flex e-con-boxed e-con e-parent\" data-id=\"1325358\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-910b4ca e-con-full bg_345345345 e-flex e-con e-child\" data-id=\"910b4ca\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-4cd5a03 e-con-full e-flex e-con e-child\" data-id=\"4cd5a03\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7b97872 elementor-widget elementor-widget-heading\" data-id=\"7b97872\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Build resilience. Make better decisions. <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-106349f elementor-widget elementor-widget-text-editor\" data-id=\"106349f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Let\u2019s assess your priorities and draw up a practical plan \u2014 together.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9d07e26 font_family_234234 e-transform elementor-widget elementor-widget-button\" data-id=\"9d07e26\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_transform_translateY_effect_hover&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:-4,&quot;sizes&quot;:[]},&quot;_transform_translateX_effect_hover&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;_transform_translateX_effect_hover_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;_transform_translateX_effect_hover_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;_transform_translateY_effect_hover_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;_transform_translateY_effect_hover_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"button.default\">\n\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/icompliance.eu\/en\/book-risk-diagnostic\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Book a risk assessment \u2192<br \/><\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Monte Carlo Simulation Monte Carlo Simulation We model the uncertainty surrounding key variables as probability distributions, and simulate thousands of combined scenarios to produce a distribution of possible outcomes, rather than a single point estimate. Book a risk assessment \u2192 See pillar \u2192 What we deliver We model the uncertainty surrounding key variables (costs, revenues, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_ice_seo_score":0,"_ice_review":"","footnotes":""},"class_list":["post-5286","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/icompliance.eu\/en\/wp-json\/wp\/v2\/pages\/5286","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icompliance.eu\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/icompliance.eu\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/icompliance.eu\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/icompliance.eu\/en\/wp-json\/wp\/v2\/comments?post=5286"}],"version-history":[{"count":5,"href":"https:\/\/icompliance.eu\/en\/wp-json\/wp\/v2\/pages\/5286\/revisions"}],"predecessor-version":[{"id":6376,"href":"https:\/\/icompliance.eu\/en\/wp-json\/wp\/v2\/pages\/5286\/revisions\/6376"}],"wp:attachment":[{"href":"https:\/\/icompliance.eu\/en\/wp-json\/wp\/v2\/media?parent=5286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}