Online: Master Project & Business Decisions with Monte Carlo Simulation.

How to get from simple dice throw to a complicated Monte Carlo Ssimulation 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

There is another 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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Organizer: The Danish Society of Engineers, IDA

Sign up: Not a member? In order to sign up, you must create a user profile. Note, when creating a user profile, you will be able to access IDA's online services - you will not become a member of IDA.

Important information regarding personal data on participant lists: Your name, title and company name will appear on the participant list for this event if you have previously given consent or have given consent in connection with registration to this event. The participant list is available to the organizer and the other participants at the event itself in the form of an online participant list. At some events, a name tag is also given out, where your name, title and company name appear. If you unsubscribe from the event, your information will no longer appear on the participant list.
You can read more about consent here, https://mit.ida.dk/en/mine-samtykker-praeferencer-og-vilkaar

When you are registered as a participant at this webinar, you will also automatically receive info about the next webinar within the same subject area.