Events :: Graduate Seminars :: Risk Management by Lee Hightower, Vision Support Systems

Mr. Hightower will discuss the new financial decision-making methodology “Economic Capital Optimization” (ECO). ECO provides a comprehensive methodology to improve a firm’s expected long-term growth while reducing its risk. This framework adapts and extends proven economic capital methodologies developed in the financial services industry to address both the similar and unique financial issues facing oil companies. He will discuss the concepts behind ECO and its practical application in the oil industry. He will demonstrate how an oil company can improve its expected long-term growth by applying the ECO framework to more effectively allocate capital among business units or projects, to adjust its economic capital to meet long-term strategic needs, and to better manage its risks.