At many sites facing future remedial action, the site owner or potentially responsible party’s financial exposure may not be fully known. Understanding which uncertainties may present the largest financial risks is critical. TIG Environmental, along with its alliance partner Optima Analytics, uses a probabilistic modeling-based approach to help quantify this uncertainty and variability and advise clients on their potential financial exposure at a site. These tools can also help identify key factors driving costs and where to place efforts to constrain those costs. This presentation explored challenges, case studies, and applications for assessing cost exposure, and also other useful tools for understanding financial exposure relating to emerging contaminants, and remedial technology selection and optimization.

Presented by Jill Demars, Erin Kuhlmeier, and Tim Havranek (Optima Analytics)