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Technical Skills (PMI-RMP) [clear filter]
Monday, May 7
 

10:30 BST

#406 Addressing Project Risk: Understanding the Role of Reserves
The project management literature is not particularly clear on reserves. There are specialised methods, confusing differences in terminology, and conceptual approaches that are not easy to apply. Yet, contingency and management reserves are important to be in a position to address the inevitable risks and challenges in managing a project. This presentation will clear up the uncertainty: explaining what are reserves, why we have them, how to develop them, and when to use them.


At the conclusion of this session, participants will be able to:
(1) explain what reserves are, why we have them on projects, and how they fit into your overall risk management;
(2) describe how to create and use reserves—and when to perform these activities.

Speakers
avatar for George Lowden, PMP, PgMP

George Lowden, PMP, PgMP

ICF, Senior Vice President and Director, Project Management Office
George Lowden, PMP, PgMP, is a senior vice president of ICF and directs the firm's PMO. He is recognized for his expertise in project management, having been named earlier as one of the "Power 50" leaders of project management in the U.S. by PMI. During his 35 years with ICF, at the... Read More →


Monday May 7, 2018 10:30 - 11:45 BST
Level A - A05
 
Tuesday, May 8
 

13:30 BST

#510 Beyond Humans: Using Machine Learning to Calculate Contingency for Systemic Risks
**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, program... Read More →


Tuesday May 8, 2018 13:30 - 14:45 BST
Level A - A05
 
Wednesday, May 9
 

10:30 BST

#607 Beyond Humans: Using Machine Learning to Calculate Contingency for Systemic Risks (ENCORE)
**An encore of this session is available on Tuesday, 8 May, 13.30 [#510].

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, program... Read More →


Wednesday May 9, 2018 10:30 - 11:45 BST
Level B - B09