REPLAY: The Flaw of Averages: Why Ignoring Uncertainties Causes Projects to be Behind Schedule, Beyond Budget and Below Projection #riskawarenessweek2019

Sam Savage, Executive Director of ProbabilityManagement.org, author of the Flaw of Averages – Why we Underestimate Risk in the Face of Uncertainty, Adjunct Professor in Stanford University’s School of Engineering and a Fellow of the Judge Business School at Cambridge University, will demonstrate how ignoring uncertainty in business plans and investment proposals leads to bad decision making.

This powerful workshop will explain how businesses all over the world can improve performance by moving from averages to an unambiguous expression of uncertainty called a SIP.

The Flaw of Averages is a set of systematic errors that occur when uncertainties are represented by single average numbers. Sam will show how free SIPmath cures the Flaw of Averages by replacing single numbers in calculations with arrays of thousands of numbers. This lets you calculate the chances of achieving your goals in native Excel, R, Python or you favourite analytical platform.

You don’t want to miss this workshop! Not only that, it is a must watch for everyone in your company’s finance, strategy and performance management teams.

https://2019.riskawarenessweek.com/talks/sipmath-a-cure-for-the-flaw-of-averages/

 

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