Traditional data analysis and decision-making methods often fall short! Embrace the power of better forecasting by turning data into probability distributions for more precise budgeting and scheduling. This interactive workshop will guide you through the innovative approach of transforming regular project status reports into enhanced probability data.
What you’ll learn:
- Understanding Probability Distributions: Grasp the fundamentals of probability distributions and how they can be applied to real-world business scenarios.
- Transforming Data: Learn hands-on techniques for converting deterministic data series into probability data, enabling more robust planning.
- Applications in Budgeting & Scheduling: Discover how to use probability data for more accurate future budgeting, scheduling, and risk management.
- Adapting to Change: Understand how this approach can help your organization become more adaptive and responsive to unforeseen changes and opportunities.
- Case Studies & Examples: Dive into real-world applications and see how leading organizations have successfully implemented these concepts.
Whether you’re a business leader, project manager, or risk management professional, this workshop is designed to equip you with the tools and knowledge to navigate the complex uncertainties of modern business. Join us and take the next step toward more precise and confident decision-making!
https://2023.riskawarenessweek.com/talks/futuristic-forecasting-turning-data-into-probability-distributions-for-better-budgeting/
Check out other risk management books
RISK-ACADEMY offers online courses
Informed Risk Taking
Learn 15 practical steps on integrating risk management into decision making, business processes, organizational culture and other activities!
ISO31000 Integrating Risk Management
Alex Sidorenko, known for his risk management blog http://www.riskacademy.blog, has created a 25-step program to integrate risk management into decision making, core business processes and the overall culture of the organization.
Advanced Risk Governance
This course gives guidance, motivation, critical information, and practical case studies to move beyond traditional risk governance, helping ensure risk management is not a stand-alone process but a change driver for business.
