Master Project & Business Decisions with Monte Carlo Simulation.
Transform subjective assessments into data-driven insights and informed decision-making.
Are you relying on subjective scores and heat maps that often lead to costly overruns or project failures?
Get a modern, data-driven decision-making approach.
How to get from simple dice throw to a complicated Monte Carlo Simulation of plan or risk scenarios?
Why Attend?
Discover how to:
- Calculate contingencies for cost and schedule robustness
- Allocate reserves for overall budget resilience
- Work with ranges instead of single-point estimates
- Use Monte Carlo simulations effectively to assess possible outcomes
- Avoid the misrepresentation of risks caused by the "Flaw of Averages"
- Transition from qualitative risk matrices to quantitative analyses
Key Benefits
- Estimate budgets, reserves, and contingencies intelligently
- Make better decisions with realistic and actionable insights
- Enhance your chances of success in project planning and execution
- Embrace future uncertainty with confidence
Who Should Attend?
- Decision-Makers in Business, Project, Bidding, and Insurance Processes
- Project and Program Managers, PMO Directors, CXOs
- Project Advisors, Risk Managers, Cost Estimators, and Project Controllers
- Anyone involved in business decision-making Anyone involved in project development and execution
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. Seats in Copenhaguen is limited.
Another related seminar
This seminars is also 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
Managing Partner, Decision Risk Analytics, 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. E.g. as Business Risk Director, Dong Energy.
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
Head of Department, Risk, Safety & Project Planning, 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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