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Modeling Risk and Uncertainty in Project Management

April 19 @ 11:00 am - 12:00 pm EDT

April 19, 2023 11:00 am EST

A significant, defining characteristic of project management is the uniqueness or one-off nature of each project being managed. Thus, estimating a project’s cost and schedule presents uncertainties not typically faced by more routine endeavors. And with project cost, schedule, and performance objectives usually established by hasty, incomplete examination of these uncertainties, the risks already faced by projects of any complexity are compounded.

The Project Management Institute (PMI) has organized the profession’s principles and processes into a Project Management Body of Knowledge (PMBOK) Guide. This guide details ten knowledge areas, many of which stand to benefit from the modeling of risk and uncertainty.

This webinar will highlight multiple PMBOK knowledge area activities for which modeling risk and uncertainty is possible, present examples of several of these models, and suggest how the insights to be gained by such models can assist those managing projects with considerations such as risk mitigation.

Duration: 1H
RECORDING will be sent to everyone who registers.

Presented by: Dr. Steve Van Drew - Consultant & Trainer for @RISK and DecisionSuiteTools - West Point engineering graduate with operations research graduate degrees from the Colorado School of Mines.

Register for Free


April 19
11:00 am - 12:00 pm EDT
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Virtual Event
1331 17th Street Suite 404
Denver, CO 80202 United States
View Venue Website
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