WATCH REPLAY: Successful use of risk modelling and simulations in public private partnerships – Yehuda Sapir

https://2020.riskawarenessweek.com/talks/successful-use-of-risk-modelling-and-simulations-in-public-private-partnerships/

Civil engineering mega projects hardly exercises efficient and effective risk management in general, and lacks utilizing advanced simulations such as Monte Carlo, to support decision making. The webinar will demonstrate successful utilization of these simulations, along the project’s life cycle and road map, supporting decision making in critical points such as contingency decision. The aim of the webinar is to demonstrate simplification of these simulations, to be used by project managers and decision makers, in a friendly manner, in real time during meetings, to ease and enhance decision making.

Few months ago one of the largest government owned companies (dealing with infrastructure longitudinal civil engineering projects) was asked by the MOT to provide, as part of the RFT (Ready for Tender approval) supporting data based on a statistical modeling, to assess and validate the contingency allocated to the project. This was a critical milestone since MOT would not let open bidders’ proposals without successful validation of the contingency.

During the whole process we’ve been dealing with scepticism, biased information, not always reliable, difficulties to assess the ranges of each risk (Pessimistic, Most Likely, Optimistic), fears from the process itself and its results, should I say – fears from total failure, which will lead to not opening the proposals, crisis.

Alex has created a short bootcamp designed to help companies implement quantitative risk management. Imagine saving the company so much money that investing in risk management competencies and resources becomes a no brainer for the executives. That's exactly what Alex Sidorenko did at a global $10B chemical company and he has been kind enough to share his top tips and lessons learned with you each week. Sign up now!

https://2020.riskawarenessweek.com/talks/successful-use-of-risk-modelling-and-simulations-in-public-private-partnerships/

RISK-ACADEMY offers online courses

sample85
+ Buy now

Informed Risk Taking

Learn 15 practical steps on integrating risk management into decision making, business processes, organizational culture and other activities!

$149,99$49,99
sample85
+ Buy now

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.

$199,99$49,99
sample85
+ Buy now

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.

$795

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.