Get Risk Decisions & Business Right with Monte Carlo Simulations
Get things fast and right – save time and money – reduce risk of overruns of budgets and plans. In this seminar, we will introduce you to some practical approaches and applications using Monte Carlo simulation of plans and risk costs.
How to get from simple dice throw to a complicated Monte Carlo simulation of plan or risk scenarios?
- Are you relying on subjective risk assessments, scores, and heat maps that lead to
negligence claims and misleading results? - Do you want to elevate your planning tools to a scientific and data-driven
approach?
Join our Monte Carlo event and discover how to quantify risk exposures in a practical manner.
Why should you attend?
You’ll get inspired about:
- Calculation of contingencies for risk and duration robustness
- Be more concrete on how to use Monte Carlo simulations
- Working with ranges – instead of single point assessments
- Flaw of averages – cure the problem of treating risk of average calculations
- Bridge the gap between the risk matrix (Heat maps) and the future method
- Budgets, contingencies, reserves – in an intelligent way
Further:
- Improve decision making
- Be prepared for the future
- Improve realism and chances for success in decisions for business
Potential participants
- Project managers, program managers, PMO directors, CFOs
- Risk managers, planners
- Cost estimators, project controllers, planners, project owners
- People in bidding, insurance, concession, consultants
- Decision makers and others dealing with risk management
Don't miss this opportunity to transform your decision-making, planning, and risk management practices and join the ranks of forward-thinking risk professionals who are already leveraging Monte Carlo simulations to drive business success.
Secure your spot today and start making data-driven decisions that drive business results.
Another related seminar
This is the the second of two seminars about improving risk contingenies.
The 28th of January we have professor Hernan Huwyler speaking about "Data Driven Risks Management - exploting Monte Carlo Simulations and AI" .
Hernan has more than 12.000 followers on LinkedIn here .
Biographies
We have the following people onboard:
Senior PM, M.Sc., Henrik k. Søndergaard (Host for IDA Proces):
Henrik have been working with project management for 28 years. Recently, within risk management and quality assuring budgets and plans within energy and construction business.
He’s giving speeches for project management organisations, DPL, EGN network etc. He uses primarily Monte Carlo simulations within overall planning.
See more on COMPILOT.dk and YouTube: @Risk-og-EBIT-Styring
Senior director, M.Sc., Morten Aagesen,
With more than 30 years of experience in the energy sector, Morten has developed a passion for modelling and optimisation of complex projects and operations.
He has held various leadership roles in business management, including project ownership, business unit responsibility, and joint venture management.
In these roles, he has applied a scientific and data-driven approach to business decision analysis, integrating risks and uncertainties in a coherent and quantitative way.
See more on DecisionRiskAnalytics.com
Risk Director, M.Sc., Ph.D, Søren Randrup-Thomsen
Søren has been working with risk analysis for more than 25 years and is heading a team of 20+ experts within risk analysis and uncertainty modelling.
Søren is highly experienced in setting up and executing risk management strategies for large projects, programs and portfolios.
Søren has a master’s degree in Structural Engineering and holds a Ph.D. in load uncertainty modelling applying various simulation techniques inst ructural system behaviour.
See more on inkedin.com RandrupThomsen/
The event will be streamed live. If you wish to join online, you can register here: Online: Get Risk Decisions & Business Right with Monte Carlo Simulations
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