Integrated Cost & Schedule Risk Analysis ICSRA: Demystified webinar
Tuesday 14 November 2023
APM Risk Specific Interest Group
Presented by:
Robert Balaam
The link to the write up page and resources of this webinar:
https://www.apm.org.uk/news/integrated-cost-schedule-risk-analysis-icsra-demystified-webinar/
Content description:
Integrated Cost & Schedule Risk Analysis (ICSRA) provides powerful insight into how a project’s critical path and cost can deviate when Estimating Uncertainty and Risk are considered. These insights can be far superior to just using the critical path, or performing separate Quantitative Schedule Risk Analysis (QSRA) and Quantitative Cost Risk Analysis (QCRA).
This webinar presented on Tuesday 14 November provided an overview and demonstrated progressive approaches and techniques to ICSRA which can be used at various stages throughout a project’s lifecycle, and using outputs to make better informed decisions and consider additional actions.
The session content is aimed at project professionals at all levels to demystify a method which is often thought of as too complicated or unnecessary.
It is also aimed at corporate and board professionals to express the supplementary understanding and awareness provided by ICSRA, why it should be executed on major projects and programmes, and the benefits of implementing ICSRA into projects and organisations.
Risk is the big topic of conversation in the compliance industry. Businesses are moving at a faster rate and operations continue to increase in complexity, and yet the need for compliance is stronger than ever. So we need to implement a systematic and objective means to maintain compliance, and keep up with the pace of business.
In just 5 minutes, you'll learn why Risk Assessment is the new benchmark, and how to create a simple Risk Matrix for use in your compliance efforts.
Impacts of natural disaster globally economics and developmentMahendra Poudel
Major natural disasters can have severe negative economic impacts both in the short and long-term through damage to assets, declines in production and GDP, unemployment, and increasing costs for businesses and governments. However, the full economic costs of disasters are often underreported globally. While direct costs include property damage and losses, indirect costs include reduced investment, productivity, and tax revenue. In the long-run, disasters can undermine development progress by diverting resources from planned investments and reducing growth. Strengthening disaster risk management is important for protecting development gains.
This document discusses the classification of hazards and disasters. It identifies three main categories of hazards: natural hazards caused by atmospheric, geological, hydrological, extraterrestrial, or biological processes; anthropogenic non-intentional hazards caused by technological systems, hazardous materials, industrial accidents, or transportation incidents; and anthropogenic intentional hazards including mass shootings, civil disobedience, terrorism, or weapons of mass destruction. Specific examples of natural hazards that commonly occur include volcanic eruptions, earthquakes, thunderstorms, hurricanes, tornadoes, wildfires and floods.
Enhance your audiences knowledge with this well researched complete deck. Showcase all the important features of the deck with perfect visuals. This deck comprises of total of thirty one slides with each slide explained in detail. Each template comprises of professional diagrams and layouts. Our professional PowerPoint experts have also included icons, graphs and charts for your convenience. All you have to do is DOWNLOAD the deck. Make changes as per the requirement. Yes, these PPT slides are completely customizable. Edit the colour, text and font size. Add or delete the content from the slide. And leave your audience awestruck with the professionally designed Risk Identification Powerpoint Presentation Slides complete deck.
Risk management involves identifying risks, assessing their potential impact and probability of occurring, and developing strategies to mitigate negative impacts. Key aspects of risk management include identifying risks through techniques like brainstorming and documentation reviews, quantifying risks based on their probability and impact level, developing responses to reduce, transfer or avoid risks, and ongoing monitoring and control through audits, reviews and status reports. The overall goal is to minimize threats to a project's objectives of staying on schedule, within budget and meeting quality and performance goals.
This document outlines the objectives and content of a risk assessment and management course. The course covers topics like risk management and the ISM Code, hazard identification, risk assessment, analysis and management. It aims to meet the requirements of the ISM Code section 1.2.2.2 and TMSA Element 9, which relate to risk assessment and management. The document also provides an overview of the Tanker Management and Self Assessment (TMSA) guidelines and its 12 elements, including Element 9 on risk assessment and management.
This document outlines the phases and steps of completing a risk analysis. It discusses (1) analyzing risks by identifying assets, threats, vulnerabilities and risks; (2) developing countermeasures through mitigation opportunities and policy planning; and (3) applying the process in practice using a small business example. The goal is to characterize, define, mitigate and eliminate risks to protect assets.
Risk is the big topic of conversation in the compliance industry. Businesses are moving at a faster rate and operations continue to increase in complexity, and yet the need for compliance is stronger than ever. So we need to implement a systematic and objective means to maintain compliance, and keep up with the pace of business.
In just 5 minutes, you'll learn why Risk Assessment is the new benchmark, and how to create a simple Risk Matrix for use in your compliance efforts.
Impacts of natural disaster globally economics and developmentMahendra Poudel
Major natural disasters can have severe negative economic impacts both in the short and long-term through damage to assets, declines in production and GDP, unemployment, and increasing costs for businesses and governments. However, the full economic costs of disasters are often underreported globally. While direct costs include property damage and losses, indirect costs include reduced investment, productivity, and tax revenue. In the long-run, disasters can undermine development progress by diverting resources from planned investments and reducing growth. Strengthening disaster risk management is important for protecting development gains.
This document discusses the classification of hazards and disasters. It identifies three main categories of hazards: natural hazards caused by atmospheric, geological, hydrological, extraterrestrial, or biological processes; anthropogenic non-intentional hazards caused by technological systems, hazardous materials, industrial accidents, or transportation incidents; and anthropogenic intentional hazards including mass shootings, civil disobedience, terrorism, or weapons of mass destruction. Specific examples of natural hazards that commonly occur include volcanic eruptions, earthquakes, thunderstorms, hurricanes, tornadoes, wildfires and floods.
Enhance your audiences knowledge with this well researched complete deck. Showcase all the important features of the deck with perfect visuals. This deck comprises of total of thirty one slides with each slide explained in detail. Each template comprises of professional diagrams and layouts. Our professional PowerPoint experts have also included icons, graphs and charts for your convenience. All you have to do is DOWNLOAD the deck. Make changes as per the requirement. Yes, these PPT slides are completely customizable. Edit the colour, text and font size. Add or delete the content from the slide. And leave your audience awestruck with the professionally designed Risk Identification Powerpoint Presentation Slides complete deck.
Risk management involves identifying risks, assessing their potential impact and probability of occurring, and developing strategies to mitigate negative impacts. Key aspects of risk management include identifying risks through techniques like brainstorming and documentation reviews, quantifying risks based on their probability and impact level, developing responses to reduce, transfer or avoid risks, and ongoing monitoring and control through audits, reviews and status reports. The overall goal is to minimize threats to a project's objectives of staying on schedule, within budget and meeting quality and performance goals.
This document outlines the objectives and content of a risk assessment and management course. The course covers topics like risk management and the ISM Code, hazard identification, risk assessment, analysis and management. It aims to meet the requirements of the ISM Code section 1.2.2.2 and TMSA Element 9, which relate to risk assessment and management. The document also provides an overview of the Tanker Management and Self Assessment (TMSA) guidelines and its 12 elements, including Element 9 on risk assessment and management.
This document outlines the phases and steps of completing a risk analysis. It discusses (1) analyzing risks by identifying assets, threats, vulnerabilities and risks; (2) developing countermeasures through mitigation opportunities and policy planning; and (3) applying the process in practice using a small business example. The goal is to characterize, define, mitigate and eliminate risks to protect assets.
This document discusses unemployment, including its definition, measurement, types, causes, and rates in Pakistan. It defines unemployment as people who are without work but actively seeking employment. There are four main types of unemployment discussed - frictional, seasonal, cyclical, and structural. Frictional unemployment results from transitions between jobs, seasonal from industries that vary by season, cyclical from insufficient aggregate demand in the economy, and structural from mismatch between worker skills and job requirements. Causes and measures to address unemployment are also reviewed.
This document provides an overview of damage functions, which are mathematical relationships used to estimate damage to critical infrastructure from hazards. It defines key terms like hazards, damages, and damage functions. Damage functions can be absolute, relating monetary losses to hazard severity, or relative, depicting damages as a proportion. They are constructed empirically from past event data or synthetically by experts. The document reviews examples of damage functions for different infrastructure sectors from literature, including transport infrastructure like roads, bridges, stations; electricity assets; water and sewage systems. It notes gaps like the need for more interdependent network analysis and methods to estimate indirect and intangible impacts.
This document discusses risk management in corporate projects. It defines risk as uncertainty that matters, which can include both threats and opportunities that positively or negatively impact project objectives. Risks come in four types: event risks involving uncertain future events, variability risks where certain events have uncertain characteristics, ambiguity risks where the characteristics of certain events are unknown, and emergent risks involving unknown unknowns. The key phases of risk management are identified as risk identification, assessment, response, and monitoring/control. Response strategies should address both threats and opportunities. Managing risk is important for achieving project objectives on time and on budget while also finding potential benefits.
This leaflet aims to help you assess health and safety risks in the workplace
Source : http://www.hse.gov.uk - Blog : http://rismandukhan.wordpress.com
Plan Risk Responses : PMP : Project Risk ManagementSaket Bansal
The document discusses strategies for managing risks on projects, including avoiding, mitigating, transferring, and accepting negative risks, and exploiting, enhancing, and sharing positive risks. It provides examples of applying different risk response strategies like avoiding a construction project that would pass through disputed land. The presentation also solicits examples of how to address risks like how to collaborate on a shared software authentication component between two teams.
An annuity debt repayment profile involves “level debt service” – with interest reduces and principal increasing over the term of the debt. This modelling guide explains how calculate an annuity payment profile.
This document provides an introduction to a curriculum on the economics of natural disasters. It discusses how disasters can be analyzed through an economic lens to understand their impacts. While disasters seem devastating, examining them economically can reveal patterns and inform responses to current events. The curriculum aims to apply economic reasoning to various disasters throughout history. Lessons analyze questions around whether disasters help the economy and how markets and governments respond. By viewing disasters as "natural experiments," the lessons seek to help students understand how economies function and how to cope with stressors.
For full text article go to : http://www.educorporatebridge.com/risk-management/risk-management-process/ This article on Risk Management Process outlines the important steps involved in this process and explains them in detail.
This document discusses information technology risks in banking, specifically related to internet banking. It outlines two models of internet banking - established banks providing online services and internet-only banks. While regulatory expectations are the same, internet-only banks face unique risks like high marketing costs and low margins. The document also discusses various types of IT risks including financial, operational, and compliance risks. It provides examples of risks from hacking, viruses, and unauthorized access and their potential impacts. Finally, it outlines different supervisory approaches to assessing IT risks.
This complete presentation has a set of thirty two slides to show your mastery of the subject. Use this ready-made PowerPoint presentation to present before your internal teams or the audience. All presentation designs in this Risk Analysis PowerPoint Presentation Slides have been crafted by our team of expert PowerPoint designers using the best of PPT templates, images, data-driven graphs and vector icons. The content has been well-researched by our team of business researchers. The biggest advantage of downloading this deck is that it is fully editable in PowerPoint. You can change the colors, font and text without any hassle to suit your business needs.
The document discusses enterprise IT risk management. It notes that IT is now core to business and a top audit committee concern. IT risk management covers more than just information security, including risks from late projects, lack of value from IT, compliance issues, outdated architecture, and service problems. IT risk does not come solely from the IT department but from various external partners and users. The document discusses who should own IT risk and outlines frameworks and maturity models for assessing an organization's IT risk posture.
This document discusses project risk management. It defines project risk as an uncertain event that may positively or negatively impact project objectives. There are various types of risks including external risks outside a manager's control, cost risks, schedule risks, technology risks, and operational risks. The document outlines qualitative and quantitative approaches to risk analysis and describes methods for risk identification, response planning including risk avoidance, transfer, mitigation and acceptance, monitoring and control. Regular risk management is important to identify uncertainties and minimize their impacts to help projects meet their objectives on time and on budget.
This presentation reviews a recent emerging risks survey, including results and how they might be used. The presenter also discusses how an emerging risk strategy is being developed at an existing firm.
The document describes the ISO 31000 risk management process. It includes establishing the context, risk identification, risk analysis, risk evaluation, risk treatment, communication and consultation, and monitoring and review. Various risk assessment tools are also listed for each step of the process, such as risk matrices for analysis and evaluation, and hierarchy of controls for risk treatment.
This document discusses risk appetite and enterprise risk management (ERM). It provides context from 2006-2008 regarding risk appetite definitions from UK regulators. It defines risk appetite as the amount of risk an entity is willing to accept in pursuit of value and in line with strategic objectives. The value of articulating risk appetite is that it allows an entity to clarify desired risks, set the tone from senior management, and establish clear risk preferences. Stakeholders like the board, regulators, rating agencies, and others can influence an entity's risk appetite statement. Key components of a risk appetite include risk capacity, appetite, targets, and tolerances. An example risk appetite statement from ING is also provided.
1) Disaster management is defined as the systematic process of reducing or avoiding potential loss from hazards, providing assistance to victims of disasters, and achieving rapid recovery. It involves disaster prevention, mitigation, preparedness, response, and recovery.
2) In Nepal, the health sector disaster management program enhances emergency preparedness, response, and outbreak management through contingency planning, training, and multi-sectoral coordination. Key activities in the past year included district planning, rapid response training, and workshops on lessons learned from earthquakes.
3) Issues addressed included preparing more hospital emergency plans, retrofitting hospitals, and establishing isolation wards. Recommendations were to stockpile essential supplies, update preparedness plans, and
Risk assessment and management involves five key steps: 1) identifying hazards, 2) deciding who might be harmed, 3) evaluating risks and precautions, 4) recording findings, and 5) reviewing assessments. A typical risk assessment process first identifies hazards like trench collapse, then evaluates who may be harmed (pipe layers), assesses risks, decides on controls like trench boxes, records findings, and reviews assessments during monitoring. Risk management aims to reduce likelihood and consequences of risks through analysis, treatment, and ongoing monitoring and review to control risks.
This document provides an overview of risk management. It discusses the role of employees in risk management as the "first line of defense" and "eyes and ears" of the organization. It describes unusual occurrences and critical incidents as methods to capture risks, with the goal of reporting and learning. The risk management framework involves risk assessment, profiling organizational risks, and mitigating risks. Effective risk management is a shared responsibility requiring engagement from all levels of an organization through communication in a risk network.
Risk Assessment and Risk Assessment Matrix PresentationUsama Saeed
The document discusses the process of conducting a risk assessment. It defines risk assessment as identifying potential harms or dangers in the workplace and determining their likelihood and impact. The document outlines a 5-step process for risk assessment: 1) identify hazards, 2) analyze risks, 3) evaluate risks, 4) control risks, and 5) monitor and review risks. It also discusses using a risk matrix to help prioritize risks based on their probability and potential impact. The risk matrix assigns quantitative values to probability and impact to calculate the overall risk rating.
Advanced project risk reporting webinar
Wednesday 21 September 2022
APM Risk Specific Interest Group
Presented by:
Robert Balaam
The link to the write up page and resources of this webinar:
https://www.apm.org.uk/news/advanced-project-risk-reporting-webinar/
Content description:
An insight into some advanced project risk reporting techniques to improve your project risk insights, and a glimpse into some emerging risk reporting.
This session progresses some of the standard project risk reporting such as Probability-Impact Diagrams (PIDs) and Risk Cost Time Phasing, and demonstrate how additional refinement of these, often with information readily available, can immensely improve the insight given.
Some advanced project risk reporting shows powerful techniques to assist in identifying possible gaps in your risk register, compare risk across projects, programmes, and portfolios, and enhancing mitigation measures.
Emerging reporting and techniques, such as Integrated Cost & Schedule Risk Analysis Critical Path Analysis, was also be presented and discussed.
The document discusses a case study of an airport rail station project that went over budget. Some key points:
- The original budget was £12M but the final cost was £29M, overestimating costs and risks.
- Projects often suffer from "optimism bias" where costs are underestimated by 50-60% on average. Early risk identification and management can help reduce this bias.
- Risks were either not properly identified, understood, or prioritized on this project. Conventional risk management was applied but did not highlight significant risks that contributed to cost overruns.
This document discusses unemployment, including its definition, measurement, types, causes, and rates in Pakistan. It defines unemployment as people who are without work but actively seeking employment. There are four main types of unemployment discussed - frictional, seasonal, cyclical, and structural. Frictional unemployment results from transitions between jobs, seasonal from industries that vary by season, cyclical from insufficient aggregate demand in the economy, and structural from mismatch between worker skills and job requirements. Causes and measures to address unemployment are also reviewed.
This document provides an overview of damage functions, which are mathematical relationships used to estimate damage to critical infrastructure from hazards. It defines key terms like hazards, damages, and damage functions. Damage functions can be absolute, relating monetary losses to hazard severity, or relative, depicting damages as a proportion. They are constructed empirically from past event data or synthetically by experts. The document reviews examples of damage functions for different infrastructure sectors from literature, including transport infrastructure like roads, bridges, stations; electricity assets; water and sewage systems. It notes gaps like the need for more interdependent network analysis and methods to estimate indirect and intangible impacts.
This document discusses risk management in corporate projects. It defines risk as uncertainty that matters, which can include both threats and opportunities that positively or negatively impact project objectives. Risks come in four types: event risks involving uncertain future events, variability risks where certain events have uncertain characteristics, ambiguity risks where the characteristics of certain events are unknown, and emergent risks involving unknown unknowns. The key phases of risk management are identified as risk identification, assessment, response, and monitoring/control. Response strategies should address both threats and opportunities. Managing risk is important for achieving project objectives on time and on budget while also finding potential benefits.
This leaflet aims to help you assess health and safety risks in the workplace
Source : http://www.hse.gov.uk - Blog : http://rismandukhan.wordpress.com
Plan Risk Responses : PMP : Project Risk ManagementSaket Bansal
The document discusses strategies for managing risks on projects, including avoiding, mitigating, transferring, and accepting negative risks, and exploiting, enhancing, and sharing positive risks. It provides examples of applying different risk response strategies like avoiding a construction project that would pass through disputed land. The presentation also solicits examples of how to address risks like how to collaborate on a shared software authentication component between two teams.
An annuity debt repayment profile involves “level debt service” – with interest reduces and principal increasing over the term of the debt. This modelling guide explains how calculate an annuity payment profile.
This document provides an introduction to a curriculum on the economics of natural disasters. It discusses how disasters can be analyzed through an economic lens to understand their impacts. While disasters seem devastating, examining them economically can reveal patterns and inform responses to current events. The curriculum aims to apply economic reasoning to various disasters throughout history. Lessons analyze questions around whether disasters help the economy and how markets and governments respond. By viewing disasters as "natural experiments," the lessons seek to help students understand how economies function and how to cope with stressors.
For full text article go to : http://www.educorporatebridge.com/risk-management/risk-management-process/ This article on Risk Management Process outlines the important steps involved in this process and explains them in detail.
This document discusses information technology risks in banking, specifically related to internet banking. It outlines two models of internet banking - established banks providing online services and internet-only banks. While regulatory expectations are the same, internet-only banks face unique risks like high marketing costs and low margins. The document also discusses various types of IT risks including financial, operational, and compliance risks. It provides examples of risks from hacking, viruses, and unauthorized access and their potential impacts. Finally, it outlines different supervisory approaches to assessing IT risks.
This complete presentation has a set of thirty two slides to show your mastery of the subject. Use this ready-made PowerPoint presentation to present before your internal teams or the audience. All presentation designs in this Risk Analysis PowerPoint Presentation Slides have been crafted by our team of expert PowerPoint designers using the best of PPT templates, images, data-driven graphs and vector icons. The content has been well-researched by our team of business researchers. The biggest advantage of downloading this deck is that it is fully editable in PowerPoint. You can change the colors, font and text without any hassle to suit your business needs.
The document discusses enterprise IT risk management. It notes that IT is now core to business and a top audit committee concern. IT risk management covers more than just information security, including risks from late projects, lack of value from IT, compliance issues, outdated architecture, and service problems. IT risk does not come solely from the IT department but from various external partners and users. The document discusses who should own IT risk and outlines frameworks and maturity models for assessing an organization's IT risk posture.
This document discusses project risk management. It defines project risk as an uncertain event that may positively or negatively impact project objectives. There are various types of risks including external risks outside a manager's control, cost risks, schedule risks, technology risks, and operational risks. The document outlines qualitative and quantitative approaches to risk analysis and describes methods for risk identification, response planning including risk avoidance, transfer, mitigation and acceptance, monitoring and control. Regular risk management is important to identify uncertainties and minimize their impacts to help projects meet their objectives on time and on budget.
This presentation reviews a recent emerging risks survey, including results and how they might be used. The presenter also discusses how an emerging risk strategy is being developed at an existing firm.
The document describes the ISO 31000 risk management process. It includes establishing the context, risk identification, risk analysis, risk evaluation, risk treatment, communication and consultation, and monitoring and review. Various risk assessment tools are also listed for each step of the process, such as risk matrices for analysis and evaluation, and hierarchy of controls for risk treatment.
This document discusses risk appetite and enterprise risk management (ERM). It provides context from 2006-2008 regarding risk appetite definitions from UK regulators. It defines risk appetite as the amount of risk an entity is willing to accept in pursuit of value and in line with strategic objectives. The value of articulating risk appetite is that it allows an entity to clarify desired risks, set the tone from senior management, and establish clear risk preferences. Stakeholders like the board, regulators, rating agencies, and others can influence an entity's risk appetite statement. Key components of a risk appetite include risk capacity, appetite, targets, and tolerances. An example risk appetite statement from ING is also provided.
1) Disaster management is defined as the systematic process of reducing or avoiding potential loss from hazards, providing assistance to victims of disasters, and achieving rapid recovery. It involves disaster prevention, mitigation, preparedness, response, and recovery.
2) In Nepal, the health sector disaster management program enhances emergency preparedness, response, and outbreak management through contingency planning, training, and multi-sectoral coordination. Key activities in the past year included district planning, rapid response training, and workshops on lessons learned from earthquakes.
3) Issues addressed included preparing more hospital emergency plans, retrofitting hospitals, and establishing isolation wards. Recommendations were to stockpile essential supplies, update preparedness plans, and
Risk assessment and management involves five key steps: 1) identifying hazards, 2) deciding who might be harmed, 3) evaluating risks and precautions, 4) recording findings, and 5) reviewing assessments. A typical risk assessment process first identifies hazards like trench collapse, then evaluates who may be harmed (pipe layers), assesses risks, decides on controls like trench boxes, records findings, and reviews assessments during monitoring. Risk management aims to reduce likelihood and consequences of risks through analysis, treatment, and ongoing monitoring and review to control risks.
This document provides an overview of risk management. It discusses the role of employees in risk management as the "first line of defense" and "eyes and ears" of the organization. It describes unusual occurrences and critical incidents as methods to capture risks, with the goal of reporting and learning. The risk management framework involves risk assessment, profiling organizational risks, and mitigating risks. Effective risk management is a shared responsibility requiring engagement from all levels of an organization through communication in a risk network.
Risk Assessment and Risk Assessment Matrix PresentationUsama Saeed
The document discusses the process of conducting a risk assessment. It defines risk assessment as identifying potential harms or dangers in the workplace and determining their likelihood and impact. The document outlines a 5-step process for risk assessment: 1) identify hazards, 2) analyze risks, 3) evaluate risks, 4) control risks, and 5) monitor and review risks. It also discusses using a risk matrix to help prioritize risks based on their probability and potential impact. The risk matrix assigns quantitative values to probability and impact to calculate the overall risk rating.
Advanced project risk reporting webinar
Wednesday 21 September 2022
APM Risk Specific Interest Group
Presented by:
Robert Balaam
The link to the write up page and resources of this webinar:
https://www.apm.org.uk/news/advanced-project-risk-reporting-webinar/
Content description:
An insight into some advanced project risk reporting techniques to improve your project risk insights, and a glimpse into some emerging risk reporting.
This session progresses some of the standard project risk reporting such as Probability-Impact Diagrams (PIDs) and Risk Cost Time Phasing, and demonstrate how additional refinement of these, often with information readily available, can immensely improve the insight given.
Some advanced project risk reporting shows powerful techniques to assist in identifying possible gaps in your risk register, compare risk across projects, programmes, and portfolios, and enhancing mitigation measures.
Emerging reporting and techniques, such as Integrated Cost & Schedule Risk Analysis Critical Path Analysis, was also be presented and discussed.
The document discusses a case study of an airport rail station project that went over budget. Some key points:
- The original budget was £12M but the final cost was £29M, overestimating costs and risks.
- Projects often suffer from "optimism bias" where costs are underestimated by 50-60% on average. Early risk identification and management can help reduce this bias.
- Risks were either not properly identified, understood, or prioritized on this project. Conventional risk management was applied but did not highlight significant risks that contributed to cost overruns.
QSRA: Introduction for risk and planning professionals and decision makers webinar
Wednesday 6 March 2019
presented by
Tony McDonald, James Kimmance and Graham Nicol
The link to the write up page and resources of this webinar:
https://www.apm.org.uk/news/qsra-introduction-for-riskplanning-professional-and-decision-makers-webinar/
This webinar is sponsored by Safran Software www.safran.com
This document provides an overview of quantitative risk analysis for a project. It discusses representing risk through probability and impact, as well as three-point estimates. Inputs to risk analysis like risk events and assumptions are presented. Outputs like risk distributions and contingency estimates are visualized. Drivers of risk and drilling into specific risk areas are examined. The goal is to influence the future by understanding risk.
The document introduces Primavera PERT Master software for project risk management. It discusses key concepts like uncertainty analysis using three point estimates and risk event analysis using a risk register. The presentation covers features for importing from Primavera, quick risk templates, running risk analyses, and an advanced risk register. It also outlines the risk analysis methodology including making the schedule risk ready, entering uncertainty and risk inputs, mapping risk impacts, running Monte Carlo simulations to find risk hot spots, determining contingency, and validating the plan.
The document discusses quantitative risk analysis methods for space system projects using an event chain methodology. It describes defining events and event chains that can impact a project, analyzing their probabilities and relationships, and using Monte Carlo simulation to assess their cumulative effects over time. A project example illustrates defining activities, assigning risks and mitigation efforts as events, tracking performance against the original estimate, and regularly reassessing events based on new data. The methodology aims to help project managers better understand project uncertainties and risks.
Mitigating cost and schedule risk with oracle primavera risk analysis - Oracl...p6academy
Eric Torkia presents on mitigating cost and schedule risk using Oracle Primavera Risk Analysis. Technology Partnerz Ltd. provides strategy and consulting support for predictive analytics adoption. Torkia discusses how traditional planning relies on averages which conceal risk, while risk analysis using ranges and simulation can identify critical factors and improve decisions. Simulation allows evaluating scenarios to set appropriate budgets and increase project success rates above the typical 50% challenged/failed level.
This document discusses risk management services provided by Trigo White Ltd, including risk workshop facilitation, qualitative and quantitative risk assessment, and development of risk management plans and risk registers. It provides details on Trigo White's approach to facilitating risk workshops, including identifying, qualifying, and capturing risks and mitigation options. It also summarizes how Trigo White can perform quantitative risk assessment, including modeling the impact of risks on project schedules and costs, and determining an overall contingency level based on risk.
Project Controls Expo, 18th Nov 2014 - "Schedule Risk Analysis for Complex Pr...Project Controls Expo
Schedule Risk Analysis is used on a wide range of projects as an established technique for identifying the uncertainties that threaten (or enhance) project success. However, applying the technique effectively to produce valid results on large and complex projects poses more of a challenge. This presentation summarises an approach to conducting schedule risk modelling for complex, long-term engineering projects, avoiding common pitfalls, and ensuring that outputs can be used to actively influence the project’s outcome.
Here are a few things that could be missing from the mitigation plan:
- Ownership - Who is responsible for implementing the mitigation actions?
- Timeline - By when will the mitigation actions be completed?
- Costs - What are the estimated costs to implement the mitigations?
- Assumptions - What assumptions are the mitigations based on?
- Effectiveness - How effective will the mitigations be in reducing the risk likelihood/impact?
- Constraints - What constraints or dependencies could impact the mitigations?
- Monitoring - How will progress on the mitigations be monitored and reported?
- Contingency - What contingency plans are in place if the mitigations are not fully effective?
Overview of schedule and cost risk analysis methodology for aerospace industry.
For more information how to perform schedule risk analysis using RiskyProject software please visit Intaver Institute web site: http://www.intaver.com.
About Intaver Institute.
Intaver Institute Inc. develops project risk management and project risk analysis software. Intaver's flagship product is RiskyProject: project risk management software. RiskyProject integrates with Microsoft Project, Oracle Primavera, other project management software or can run standalone. RiskyProject comes in three configurations: RiskyProject Lite, RiskyProject Professional, and RiskyProject Enterprise.
This document provides an overview of a presentation on essential project management topics. The presentation covers 7 topics: 1) project management fundamentals, 2) time management, 3) cost management, 4) risk management, 5) integrated time and cost management, 6) contractual issues, and 7) additional tips. For each topic, it outlines key concepts and methods in project planning, scheduling, estimating, risk analysis, and performance tracking. It encourages taking a systematic approach to project management.
In many organizations, bottom up estimation of software development projects is still the way to go. Management feels that top-down (parametric) estimation models require too much effort and cost. In this presentation, a random selection of 10 bids are analyzed and the bottom-up estimates and top-down estimates are compared with regard to accuracy and effort spend.
A lecture on CCP Certificate, one of the certificates provided by AACE. CCP is the abbreviation of Certified Cost Professiona, the most appreciated certificate in Cost Engineering
The document provides information on cost management for a construction project, including a budget summary report and discussion of key cost management techniques. It summarizes the project's budget, actual costs to date, forecast costs to complete, and anticipated final cost. It also discusses tools for cost estimating, cost budgeting, cost control, earned value management, and challenges around controlling labor costs and meeting preliminaries budgets.
This document is a project report that proposes developing a web application to securely store files on a cloud server using hybrid cryptography. It aims to address data security and privacy issues for cloud storage. The application would use a hybrid cryptography technique combining symmetric and asymmetric encryption to encrypt files before uploading them to the cloud. Only authorized users with decryption keys would be able to access and download encrypted files from the cloud server. The report outlines the problem statement, objectives, methodology, design, and implementation of the proposed application to provide secure file storage on the cloud.
An introduction to primavera risk analysis - Oracle Primavera P6 Collaborate 14p6academy
This document provides an agenda and overview for an introduction session on Oracle's Primavera Risk Analysis software. The session will include a slideshow overview of Primavera Risk Analysis and Management, followed by a product demonstration of schedule checks, uncertainty analysis, Monte Carlo simulations, risk register impacts, and combined schedule and cost modeling. The document also provides background on the session host, 1st Milestone Ltd, an Oracle Platinum Partner specialized in Primavera applications, and an overview of the key features and benefits of Primavera Risk Analysis for project risk analysis and management.
Introduction of Secure Software Development LifecycleRishi Kant
This document provides an overview of secure software development lifecycle (S-SDLC) approaches. It discusses how dynamic application security testing (DAST) is typically integrated into organizations' development processes. It also identifies gaps not addressed by static and dynamic analysis tools, including that only 30% of risks are found and fixed and it takes an average of 316 days to remediate issues. The document then presents three S-SDLC models: waterfall, agile, and continuous integration/continuous delivery (CI/CD). It outlines the security activities and checkpoints integrated into each model's phases.
APM webinar hosted by the Scotland Network on 14 May 2024.
Speakers: Chris Drysdale and Peter Huggett
An interactive session discussing how Project Managers can identify mental health symptoms, provide tools to help themselves and others, plus also increase the capabilities of the Project Management function. This webinar was held on 14 May 2024.
The covid-19 pandemic led to concerns about a worsening of mental health & wellbeing across the world and increased awareness in both society and the workplace. This webinar looks to advise the benefits of having a Mental Health First Aid function in the workplace whilst also providing tools and techniques that can be readily used and applied to yourself and colleagues. Additionally, there are wider benefits to Project Management which will be proposed and discussed.
Making communications land - Are they received and understood as intended? webinar
Thursday 2 May 2024
A joint webinar created by the APM Enabling Change and APM People Interest Networks, this is the third of our three part series on Making Communications Land.
presented by
Ian Cribbes, Director, IMC&T Ltd
@cribbesheet
The link to the write up page and resources of this webinar:
https://www.apm.org.uk/news/making-communications-land-are-they-received-and-understood-as-intended-webinar/
Content description:
How do we ensure that what we have communicated was received and understood as we intended and how do we course correct if it has not.
APM Welcome
Tuesday 30 April 2024
APM North West Network Conference, Synergies Across Sectors
Presented by:
Professor Adam Boddison OBE, Chief Executive Officer, APM
Conference overview:
https://www.apm.org.uk/community/apm-north-west-branch-conference/
Content description:
APM welcome from CEO
The main conference objective was to promote the Project Management profession with interaction between project practitioners, APM Corporate members, current project management students, academia and all who have an interest in projects.
Projecting for the Future: Harmonising Energy and Environment
Tuesday 30 April 2024
APM North West Network Conference, Synergies Across Sectors
Presented by:
Graham Winch, Professor of Project Management, Alliance Manchester Business School
Conference overview:
https://www.apm.org.uk/community/apm-north-west-branch-conference/
Content description:
APM launched Projecting the Future in June 2019 to debate the challenges and opportunities for the profession, building on the 2017 Future of Project Management exercise conducted by Arup and University College London. This presentation provides the initial results from this third phase of reflection on the future of our profession.
The main conference objective was to promote the Project Management profession with interaction between project practitioners, APM Corporate members, current project management students, academia and all who have an interest in projects.
New to Nuclear - Transition into nuclear from other sectors
Tuesday 30 April 2024
APM North West Network Conference, Synergies Across Sectors
Presented by:
Elaine Falconer, Head of Profession for Project Management, Jacobs
and
Karen Williams, Project Manager, Jacobs
Conference overview:
https://www.apm.org.uk/community/apm-north-west-branch-conference/
Content description:
In this session, Jacobs shared insights and learning from its ‘New to Nuclear’ programme designed to support mid-career and lateral entrants whose existing skills and expertise can be utilised in the nuclear sector.
The main conference objective was to promote the Project Management profession with interaction between project practitioners, APM Corporate members, current project management students, academia and all who have an interest in projects.
Tell us what to do, not how to do it
Tuesday 30 April 2024
APM North West Network Conference, Synergies Across Sectors
Presented by:
Alan Livingstone, Project Delivery Lead, UK&I Water Sector, Stantec
Conference overview:
https://www.apm.org.uk/community/apm-north-west-branch-conference/
Content description:
How the Stantec Project Management Framework provides our PMs with the flexibility to deliver projects of varying complexity, across a variety of different sectors, within a Global Organisation.
The main conference objective was to promote the Project Management profession with interaction between project practitioners, APM Corporate members, current project management students, academia and all who have an interest in projects.
The Future is Fractional
Tuesday 30 April 2024
APM North West Network Conference, Synergies Across Sectors
Presented by:
Karen Frith, Founder & Managing Partner, Greenlight Partners
Conference overview:
https://www.apm.org.uk/community/apm-north-west-branch-conference/
Content description:
Discovering the transformational impact of working with fractional experts. Learning how businesses and professionals are embracing fractional roles and how they’re redefining work structures for optimal agility and efficiency.
The main conference objective was to promote the Project Management profession with interaction between project practitioners, APM Corporate members, current project management students, academia and all who have an interest in projects.
Lessons learned across projects
Tuesday 30 April 2024
APM North West Network Conference, Synergies Across Sectors
Presented by:
Barney Harle, Head of Major Projects, Manchester City Council
Conference overview:
https://www.apm.org.uk/community/apm-north-west-branch-conference/
Content description:
What are my key takeaways from working on a vast array of projects including the recent 30+ low carbon and decarbonisation schemes at Manchester City Council?
The main conference objective was to promote the Project Management profession with interaction between project practitioners, APM Corporate members, current project management students, academia and all who have an interest in projects.
Agile Adaptability: Navigating Project Management in a Dynamic World
Tuesday 30 April 2024
APM North West Network Conference, Synergies Across Sectors
Presented by:
Nathan Lumb, Partners Project Manager, GEIC
Conference overview:
https://www.apm.org.uk/community/apm-north-west-branch-conference/
Content description:
This presentation delved into the vital role adaptability plays in modern project management.
The main conference objective was to promote the Project Management profession with interaction between project practitioners, APM Corporate members, current project management students, academia and all who have an interest in projects.
Inclusive Practices in Project Management: Leveraging Digital Frameworks for Diverse Minds
Tuesday 30 April 2024
APM North West Network Conference, Synergies Across Sectors
Presented by:
Caroline Keep, PhD researcher Digitization in Education Organisation, University of Central Lancaster
Conference overview:
https://www.apm.org.uk/community/apm-north-west-branch-conference/
Content description:
This talk aimed to provide actionable insights and strategies for embedding inclusivity into the fabric of project management, thereby unlocking the new dimensions of productivity and innovation in the digital sphere.
The main conference objective was to promote the Project Management profession with interaction between project practitioners, APM Corporate members, current project management students, academia and all who have an interest in projects.
Leadership - the project professionals secret weapon
Wednesday 24 April 2024
APM East of England Network
Presented by:
Chris MacLeod
Keep up to date with the APM East of England Network:
https://www.apm.org.uk/community/east-of-england-network/
Content description:
“I’m a Project Manager”.
That’s often what we tell family, friends and peers when asked what we do. But is it really a fair description? It may well be our role title, but it probably doesn’t convey a lot of what we actually do.
This presentation and discussion is about going beyond the frameworks, processes and stereotypes associated with project management and exploring the leadership roles we all in fact perform.
“I provide leadership focused on delivering projects and change for organisations”
APM Project Management Awards - Hints and tips for a winning award entry webinar
Thursday 18 April 2024
The APM Awards overview and the resources of this webinar:
https://www.apm.org.uk/apm-awards/
Content description:
Ahead of the APM Awards 2024, find out from our expert panel what elements make a winning APM Award entry.
Learn how to choose the category best suited to you or your company.
Answers provided to those all-important questions:
-What importance does the criteria hold?
-What are the judging panel looking for?
-How should I structure my entry?
-What additional evidence is acceptable?
-What will give my entry an edge?
X hashtag: #APMawards
The Vyrnwy Aqueduct Modernisation Programme webinar
Wednesday 17 April 2024
APM North West Network
Presented by:
Katie Rowlands
The link to the write up page and resources of this webinar:
https://www.apm.org.uk/news/the-vyrnwy-aqueduct-modernisation-programme-webinar/
Content description:
Spotlight on the Vyrnwy Aqueduct Modernisation Programme and the challenges facing a large project within Cheshire.
The Vyrnwy Aqueduct Modernisation Programme is one of United Utilities largest projects focused on the modernisation of three 42” aqueducts that carry clean drinking water across the North West.
This webinar covered the Vyrnwy project and an insight into the project challenges that face a live project within the Cheshire area.
APM event hosted by the London Network on 10 April 2024.
Speaker: Nick Fewings, MD of Ngagementworks
In March 2022, Nick Fewings, Ngagementworks, MD of Ngagementworks, published Team Lead Succeed, based on his 30+years of both leading operational and project teams, and subsequently facilitating team development around the world.
It has become a best seller, with a 96% 5-star review rating, and has been read on 5 of the 7 continents.
In this interactive session, Nick will share learning from Team Lead Succeed that can be applied immediately and make a positive difference to your teamwork.
Nick will share the importance of knowing both WHO is in your team and also HOW effective your teamwork is.
Only 10% of teams achieve high-performance, with 50% being average and 40% dysfunctional.
In this session, delivered by award-winning conference speaker Nick Fewings, and author of best-seller Team Lead Succeed, Nick will share his 30+ years of leading teams and facilitating team development.
Nick has profiled 1,000 of individuals and worked with 100s of teams.
Those attending will benefit from understanding;
Why many projects fail to achieve their goals.
Not relying on just measuring KPIs.
The importance of knowing WHO is in your team, both from a behavioural and technical skills aspect.
The 16 areas of high-performance teamwork, and their importance.
https://www.apm.org.uk/news/team-lead-succeed-helping-you-and-your-team-achieve-high-performance-teamwork-2/
Currently Knowledge Transfer Subject Matter Expert (Commercial) in the UKDT PMO on the Peru Reconstruction Plan. Stuart has more than 25 years’ track record of commercial and contract management experience working across both public and private sector projects, as well as more than 20 years’ experience in the development and delivery of professional training. As well as working for Gleeds in the UK and Peru, Stuart has also worked in China for Gleeds and has supported people development in Gleeds’ offices in Egypt and Poland. Stuart has been well placed to support the adoption of the NEC and UK Cost Management best practice in Peru – he was Chair of the RICS New Rules of Measurement (NRM) initiative and was heavily involved in the creation of the RICS Black Book Guidance (best practice in cost management).
APM event hosted by the Midlands Network on 11 April 2024.
Speaker: Carole Osterweil
Data is power. AI changes everything.
If the claims about both are true, how can we ensure we use data and AI well? And what does it mean for the very things which make us human - our feelings?
In this workshop Carole will draw on material from her ground-breaking book, Neuroscience for Project Success: why people behave as they do to answer both questions.
“We like to think our decision making is completely rational. However, once there's an element of uncertainty, conscious assessments are only part of the story. Two other inputs, both subconscious and driven by our innate need to survive, have a big impact.
One, automatic reactions driven by cognitive biases, gets plenty of airtime.
The other input, our raw visceral emotions might be scary to talk about and less understood - but that’s not a reason to pretend they don’t exist!”
This interactive workshop will draw on material from Carole’s book, Neuroscience for Project Success: why people behave as they do, published by APM in 2022.
You’ll come away with:
a clear understanding of how the human brain works.
a framework that:
explains ‘why people behave as they do’.
makes it easier to talk about feelings in a matter-of-fact way (so that they become part of your conscious data set)
new insights into yourself and your projects in a world that’s often characterised by stress and disorder.
Act on these insights and you’ll see the impact - on your teams and stakeholders, your decisions about how to use data and AI, and ultimately your project outcomes.
AI in the project profession: examples of current use and roadmaps to adoption webinar
Wednesday 27 March 2024
Association for Project Management
Speaker panel:
Andy Murray, James White, James Garner, Karina Singh and Alex Robertson
The link to the write up page and resources of this webinar:
https://www.apm.org.uk/news/ai-in-the-project-profession-examples-of-current-use-and-roadmaps-to-adoption-webinar/
Content description:
Disruptive technology and accelerating change is the now the norm within business. Advancements that feel relatively recent are already becoming embedded into business-as-usual activity. AI is one such advancement; it is already being used and having real-world impacts across the project profession.
To help P3M professionals understand the implications of this change, APM invited representatives from organisations that have introduced or are preparing to introduce AI into their project workstreams, to explain their approach and share their insight with fellow professionals.
This webinar on explored how AI is currently being used in project and programme management, and how organisations are gearing up for its adoption.
Katharine works for WRAP which is a climate action NGO working in more than 40 countries around the globe to tackle the causes of the climate crisis and give the planet a sustainable future. In this session, you will learn about WRAP’s plastics programme and how sustainability has been incorporated as a core value in delivery of the programme, with the aim of inspiring the audience to take action in their own work.
Kai-Fu Lee predicted that AI would change the world more than anything in the history of humanity – even electricity. It would disrupt how we live and work, how we operate our businesses, the core products and services on offer and the way in which we build technology.
However, in 2024 the impact of AI can no longer be discussed in future tense. With Microsoft copilot now publicly available, the change is already upon us. There is no consultation period or ‘unsubscribe’ button.
Project management professionals are likely to be asked to manage AI projects - and we are expected to skilfully use AI in our daily work lives. While overwhelming, this is not the first time we’ve had to adapt.
Sarah helps her audience sharpen their cutting-edge skills by answering:
What do I need to know about AI right now?
If I’m asked to work on an AI project, what techniques do I need to be successful?
Where do I start my own learning journey to upskill and prepare?
Sarah’s expertise in advanced agile and experience in highly regulated Finance environments give her a unique perspective into balancing governance with technical innovation. She uses her own experience building an AI solution in 2023 to share practical, widely applicable concepts in an “AI for project managers” 101 style session.
Main Java[All of the Base Concepts}.docxadhitya5119
This is part 1 of my Java Learning Journey. This Contains Custom methods, classes, constructors, packages, multithreading , try- catch block, finally block and more.
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UPRAHUL
This Dissertation explores the particular circumstances of Mirzapur, a region located in the
core of India. Mirzapur, with its varied terrains and abundant biodiversity, offers an optimal
environment for investigating the changes in vegetation cover dynamics. Our study utilizes
advanced technologies such as GIS (Geographic Information Systems) and Remote sensing to
analyze the transformations that have taken place over the course of a decade.
The complex relationship between human activities and the environment has been the focus
of extensive research and worry. As the global community grapples with swift urbanization,
population expansion, and economic progress, the effects on natural ecosystems are becoming
more evident. A crucial element of this impact is the alteration of vegetation cover, which plays a
significant role in maintaining the ecological equilibrium of our planet.Land serves as the foundation for all human activities and provides the necessary materials for
these activities. As the most crucial natural resource, its utilization by humans results in different
'Land uses,' which are determined by both human activities and the physical characteristics of the
land.
The utilization of land is impacted by human needs and environmental factors. In countries
like India, rapid population growth and the emphasis on extensive resource exploitation can lead
to significant land degradation, adversely affecting the region's land cover.
Therefore, human intervention has significantly influenced land use patterns over many
centuries, evolving its structure over time and space. In the present era, these changes have
accelerated due to factors such as agriculture and urbanization. Information regarding land use and
cover is essential for various planning and management tasks related to the Earth's surface,
providing crucial environmental data for scientific, resource management, policy purposes, and
diverse human activities.
Accurate understanding of land use and cover is imperative for the development planning
of any area. Consequently, a wide range of professionals, including earth system scientists, land
and water managers, and urban planners, are interested in obtaining data on land use and cover
changes, conversion trends, and other related patterns. The spatial dimensions of land use and
cover support policymakers and scientists in making well-informed decisions, as alterations in
these patterns indicate shifts in economic and social conditions. Monitoring such changes with the
help of Advanced technologies like Remote Sensing and Geographic Information Systems is
crucial for coordinated efforts across different administrative levels. Advanced technologies like
Remote Sensing and Geographic Information Systems
9
Changes in vegetation cover refer to variations in the distribution, composition, and overall
structure of plant communities across different temporal and spatial scales. These changes can
occur natural.
Beyond Degrees - Empowering the Workforce in the Context of Skills-First.pptxEduSkills OECD
Iván Bornacelly, Policy Analyst at the OECD Centre for Skills, OECD, presents at the webinar 'Tackling job market gaps with a skills-first approach' on 12 June 2024
Philippine Edukasyong Pantahanan at Pangkabuhayan (EPP) CurriculumMJDuyan
(𝐓𝐋𝐄 𝟏𝟎𝟎) (𝐋𝐞𝐬𝐬𝐨𝐧 𝟏)-𝐏𝐫𝐞𝐥𝐢𝐦𝐬
𝐃𝐢𝐬𝐜𝐮𝐬𝐬 𝐭𝐡𝐞 𝐄𝐏𝐏 𝐂𝐮𝐫𝐫𝐢𝐜𝐮𝐥𝐮𝐦 𝐢𝐧 𝐭𝐡𝐞 𝐏𝐡𝐢𝐥𝐢𝐩𝐩𝐢𝐧𝐞𝐬:
- Understand the goals and objectives of the Edukasyong Pantahanan at Pangkabuhayan (EPP) curriculum, recognizing its importance in fostering practical life skills and values among students. Students will also be able to identify the key components and subjects covered, such as agriculture, home economics, industrial arts, and information and communication technology.
𝐄𝐱𝐩𝐥𝐚𝐢𝐧 𝐭𝐡𝐞 𝐍𝐚𝐭𝐮𝐫𝐞 𝐚𝐧𝐝 𝐒𝐜𝐨𝐩𝐞 𝐨𝐟 𝐚𝐧 𝐄𝐧𝐭𝐫𝐞𝐩𝐫𝐞𝐧𝐞𝐮𝐫:
-Define entrepreneurship, distinguishing it from general business activities by emphasizing its focus on innovation, risk-taking, and value creation. Students will describe the characteristics and traits of successful entrepreneurs, including their roles and responsibilities, and discuss the broader economic and social impacts of entrepreneurial activities on both local and global scales.
Communicating effectively and consistently with students can help them feel at ease during their learning experience and provide the instructor with a communication trail to track the course's progress. This workshop will take you through constructing an engaging course container to facilitate effective communication.
How to Make a Field Mandatory in Odoo 17Celine George
In Odoo, making a field required can be done through both Python code and XML views. When you set the required attribute to True in Python code, it makes the field required across all views where it's used. Conversely, when you set the required attribute in XML views, it makes the field required only in the context of that particular view.
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...PECB
Denis is a dynamic and results-driven Chief Information Officer (CIO) with a distinguished career spanning information systems analysis and technical project management. With a proven track record of spearheading the design and delivery of cutting-edge Information Management solutions, he has consistently elevated business operations, streamlined reporting functions, and maximized process efficiency.
Certified as an ISO/IEC 27001: Information Security Management Systems (ISMS) Lead Implementer, Data Protection Officer, and Cyber Risks Analyst, Denis brings a heightened focus on data security, privacy, and cyber resilience to every endeavor.
His expertise extends across a diverse spectrum of reporting, database, and web development applications, underpinned by an exceptional grasp of data storage and virtualization technologies. His proficiency in application testing, database administration, and data cleansing ensures seamless execution of complex projects.
What sets Denis apart is his comprehensive understanding of Business and Systems Analysis technologies, honed through involvement in all phases of the Software Development Lifecycle (SDLC). From meticulous requirements gathering to precise analysis, innovative design, rigorous development, thorough testing, and successful implementation, he has consistently delivered exceptional results.
Throughout his career, he has taken on multifaceted roles, from leading technical project management teams to owning solutions that drive operational excellence. His conscientious and proactive approach is unwavering, whether he is working independently or collaboratively within a team. His ability to connect with colleagues on a personal level underscores his commitment to fostering a harmonious and productive workplace environment.
Date: May 29, 2024
Tags: Information Security, ISO/IEC 27001, ISO/IEC 42001, Artificial Intelligence, GDPR
-------------------------------------------------------------------------------
Find out more about ISO training and certification services
Training: ISO/IEC 27001 Information Security Management System - EN | PECB
ISO/IEC 42001 Artificial Intelligence Management System - EN | PECB
General Data Protection Regulation (GDPR) - Training Courses - EN | PECB
Webinars: https://pecb.com/webinars
Article: https://pecb.com/article
-------------------------------------------------------------------------------
For more information about PECB:
Website: https://pecb.com/
LinkedIn: https://www.linkedin.com/company/pecb/
Facebook: https://www.facebook.com/PECBInternational/
Slideshare: http://www.slideshare.net/PECBCERTIFICATION
How to Setup Warehouse & Location in Odoo 17 InventoryCeline George
In this slide, we'll explore how to set up warehouses and locations in Odoo 17 Inventory. This will help us manage our stock effectively, track inventory levels, and streamline warehouse operations.
3. OVERVIEW
• Integrated Cost & Schedule Risk Analysis (ICSRA) provides powerful insight into how a
project’s critical path and cost can deviate when Estimating Uncertainty and Risk are
considered. These insights can be far superior to just using the critical path, or
performing separate Quantitative Schedule Risk Analysis (QSRA) and Quantitative Cost
Risk Analysis (QCRA).
• This talk will provide an overview and demonstrate progressive approaches and
techniques to ICSRA which can be used at various stages throughout a project’s
lifecycle, and using outputs to make better informed decisions and consider additional
actions.
• The session is aimed at project professionals at all levels to demystify a method which is
often thought of as too complicated or unnecessary.
• It is also aimed at corporate and board professionals to express the supplementary
understanding and awareness provided by ICSRA, why it should be executed on major
projects and programmes, and the benefits of implementing ICSRA into projects and
organisations.
5. PEOPLE - PLANT - PROCESS - PERFORMANCE - PREDICTION
• London, UK > Europe, USA > Canada > London, UK
• PMO, Project Controls, Risk, & IT Projects for 25+ years
• Management Consultant on many major programs/projects:
• Airports: Major Airport New £4Bn Terminal
• Rail: Major Programmes, Portfolio £100Bn
• Nuclear Power: New £15Bn, Major Refurbishments £7Bn
• Defense: Major Air, Land, & Sea £40Bn
• Football, Football (NFL!), Walking, Cycling, Snooker, Tennis
INTRODUCTION
8. BASE PLATING
• Scarcity of development space
• Shortage of housing / facilities
• “Air Rights” above railway tracks & stations
• Hudson Yards, New York: $25b, own energy supply!
Euston? HS2? Clapham Junction?
https://www.hudsonyardsnewyork.com/about/building-hudson-yards
https://www.theguardian.com/us-news/2019/mar/14/hudson-yards-new-york-city-open-debut
https://www.imdb.com/title/tt9591896/
10. ICSRA: THE PROBLEM
How do Programme / Project Managers
make decisions to provide best value to
mitigate / recover / expedite / buffer the
schedule, including duration / estimating
uncertainty, risk, and schedule-logic
dependencies and constraints?
TIME CONTINGENCY MANAGEMENT
11. ICSRA: THE PROBLEM
• No Process
• No Experience
• Risk mapping takes too long
• Schedule & Cost information misalignment
• Software hard to use
• Not detailed enough
• Too detailed
• Don’t get the right results
• No buy-in from leadership
£ £
21. QSRA: COMPONENTS
Base
Duration
Duration
Uncertainty
Risk
• Duration Uncertainty can have negative element
• Multiple risks can be mapped to one activity
• Risks can be negative (opportunities)
• Correlation also applied to relevant activities
• All elements combine to generate duration for each iteration
• Simulation has x iterations
• Current, Post-Mitigated, Target, simulations
28. • Key Drivers: Which activities / uncertainty / risks most influence end date
• Criticality Index (CI): Probability activity lies on critical path
• Significance Index (SI): Relative duration importance of an activity
• Schedule Sensitivity Index (SSI): SI * CI
• Cruciality Index (CRI): Duration - Total Duration correlation
• Resource Analysis
QSRA OUTPUTS
31. QCRA: COMPONENTS
Base Cost Cost Uncertainty Risk
• Cost Uncertainty can have negative element
• Multiple risks can be mapped to one cost element
• Risks can be negative (opportunities)
• Correlation also applied to relevant cost elements
• All elements combine to generate cost for each iteration
• Simulation has x iterations
• Current, Post-Mitigated, Target, simulations
39. ICSRA: CASH FLOW
• ISSUE: Cash flow forecasting is poor.
• RESULT: More accurate forecasting and insight.
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
Jan-00 Jan-00 Jan-00 Jan-00 Jan-00 Jan-00 Jan-00 Jan-00 Jan-00 Jan-00 Jan-00 Jan-00 Jan-00 Jan-00 Jan-00 Jan-00 Jan-00 Jan-00 Jan-00 Jan-00 Jan-00 Jan-00 Jan-00 Jan-00
Risk Cost Profile by End Date Series1
Series2
40. ICSRA ASSURANCE: SCHEDULE HIERARCHY
• ISSUE: Schedule incomprehensible by stakeholders, difficult for scenarios.
• RESULT: Comparative assessments, additional insight.
Initial
Initial
Design
Detailed
Design
Procurement Construction Commissioning Handover
Summary
Schedule
(by Phase)
WBS
Control
Account
Work
Package
Work Package / Activity
(Key areas as required)
41. ICSRA ASSURANCE: SUMMARY SCHEDULE
• The Summary schedule should be high level, contain 100% of
work, have all phases, key deliverables, key milestones, key
undertakings, key sequences, key paths, identify key
interdependent logic, tactical relationships, be sufficiently
reflective, consistent, and aligned with the detailed schedule.
• Challenge schedule producer with this statement > signature !!
• Tip: Start with detailed Level 3-4 and look for logic across
components.
42. ICSRA ASSURANCE: PRAGMATIC
• ISSUE: Too many risks to map to schedule.
• RESULT: Pragmatic assessment.
• Red risks
• Red & Amber risks
• Red & Amber & ‘Green Total’ risks
• Risks on / near critical path
• Risks on activities with low float
• Highlights key areas > detailed analysis
45. FUTURE OUTPUTS
• ISSUE: Outputs don’t provide decision making information.
• RESULT: Powerful decision making insights.
• Most cost-effective activities (current and future) to expedite / reduce the critical path?
• Which activities most likely to increase the overall cost?
• Which activities most likely to increase the critical path and overall cost?
• Where are the biggest cash flow periods and related values – are they achievable?
• Highest Cost Path / Critical Path
• Highest Labour Cost Path / Critical Path
• Highest Materials Cost Path / Critical Path
46. COST EFFECTIVE SCHEDULE MANAGEMENT
• ISSUE: Inability to see where schedule & cost problem areas are at once.
• RESULT: Powerful visualisation of key areas to focus on.
47. RISK ALGORITHMS / AI
• ISSUE: Bias in estimating and lack of historical insight & trending.
• RESULT: Increased insight and forecasting assurance.
• Uses historical information to predict risk
• Can combine data across companies, industries, and countries
• Sometimes just uses text to forecast
• Machine learning provides continuous refinement
• May not suit first-of-a-kind or unique projects
48. RISK ALGORITHMS / AI
• ISSUE: Bias in estimating and lack of historical insight & trending.
• RESULT: Increased insight and forecasting assurance.
50. CONCLUSION
• Organisational Culture is key!
• Schedule should ALWAYS drive the project
• Decompose Schedule and Cost at the same rate – Schedule first!
• No ‘bad’ simulation – an iterative, engaging, absorbing, insightful, process
• Try to automate – so many potential errors doing manually
• Really look at integrating your schedule, cost, and risk software using APIs
• ICSRA is far more efficient, effective, & insightful, than siloed QSRAs / QCRAs
• It’s a journey not a destination!
EMBRACE.
ENGAGE. EMPOWER.
51. “THE ONLY THING NECESSARY
FOR THE TRIUMPH OF
COST-DRIVEN PROGRAMMES
IS FOR GOOD
RISK, PMO, PROJECT CONTROLS, & PLANNING
PROFESSIONALS TO DO NOTHING."