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Tuesday, May 8 • 13:30 - 14:45
#510 Beyond Humans: Using Machine Learning to Calculate Contingency for Systemic Risks

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**An encore of this session is available on Wednesday, 9 May, 10.30 (#607).

Systemic risks are seldom considered by project teams when risk assessments are done, yet systemic risks are very often the cause of spectacular project overruns. Systemic risks include factors such as speed of decision making, project team competence, project management methodologies, and the socioeconomic environment. This presentation shows how machine learning in the form of artificial neural networks can be used to predict the impact of systemic risks on a project.


At the conclusion of this session, participants will be able to:
(1) identify and classify the systemic risks that may impact your projects;
(2) use artificial neural networks to model systemic risks and predict their time and cost impacts to your projects.

Speakers
avatar for Werner Meyer, PMP

Werner Meyer, PMP

ProjectLink Consulting (Pty) Ltd, Director
Dr. Werner Meyer is a director at ProjectLink, a project management consulting and training company in South Africa.Werner obtained his PhD in Strategy, Program, and Portfolio Management from SKEMA Business School France, and has more than 20 years’ experience in project, progr... Read More →


Tuesday May 8, 2018 13:30 - 14:45
Level A - A05