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risk

Notice Provisions Protect Contractors from Risk

Notice provisions – those formal and time consuming notices to owners about delays or changes on a project – are an often ignored requirement on construction projects. While they are tedious and at times difficult to submit, following notice provisions can benefit contractors by identifying risk and providing clear reasons for costs and delays on a project.  Plus, they are required by contract.

My First Book Signing @ Indigo-Signal Hills, Calgary

20-May-2017 My first book signing event went well today at Indigo Signal Hill. I met a lot of interesting, intelligent people and was able to introduce the book to them. Had some lively discussion with a few who said that the book was timely. Some promised to check online. My next book signing event is after two weeks, June 3, 2017, Saturday, at Chapters Chinook. I hope to see some of you there!It's another good day today!

Risk relativity

For a thief, a good security system is a threat. To a security guard, that same system is an opportunity to lessen the risk of robbery and to increase the chance of catching the thieves.

A person’s perspective depends on which side of the fence he is sitting on. With that in mind, a risk can be a threat or an opportunity. Your business sees a threat and your competitor sees an opportunity. It is as simple as that. 

The Truth about CPM Risk Models

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Depending on the context this could be a compliment or an insult. During the second world war the Nazi’s used local government leaders to help them impose their brutal regime on conquered countries. The most infamous of these is Vidkun Quisling from Norway. His name has now become synonymous with a sell out who betrays his own people. This is not the type of collaboration we seek in today’s interactive and dynamic workplace...

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Deltek Acumen Risk An In-Depth Review

Introduction to Acumen Risk

  • Why Acumen Risk is different
  • Uncertainty Factors
  • Risk Advisor
  • Risk Register

Risk reporting

  • Risk histogram
  • Risk tornado chart
  • Risk critical paths

Creating risk-adjusted schedules

Including Risk in Schedules

"Including Risk in Schedules"  By John Verth

Summary

The article provides an introduction to including risk in schedules. The article considers why you may wish to include risk and the techniques for assessing and monitoring risk.

Project Risk - An introduction to Risk Management

Project Risk - An introduction to Risk Management

This is an edited dissertation paper that explains the project risk management process in accordance with the guidelines defined in the PMBoK.

What is Project Risk?

Predicting the Future

Only fools and the bankers who created the GFC think the future is absolutely predictable. The rest of know there is always a degree of uncertainty in any prediction about what may happen at some point in the future. The key question is either what degree of uncertainty, or in project management space what is the probability of achieving a predetermined time or cost commitment.

There are essentially three ways to deal with this uncertainty:

Option oneis to hope the project will turn out OK. Unfortunately hope is not an effective strategy.

Acumen Risk

Cost and Schedule Risk Analysis tools don’t have to be complicated in order for them to provide true and accurate risk forecasts. Acumen offers Acumen Risk, a full-featured, easy-to-use cost and schedule risk analysis tool.

Why Things Don’t Add Up

Last time we learned about Continuous Distributions and how they are described by the Frequency Function.  I also promised to save us from the infinitesimal probabilities represented in the Frequency Function. 

Market Place

See how the TIME - LOCATION - VIEW brings clearness to your work programmes
The aim of this training is to provide delegates with a fundamental understanding of the Guild of Project Controls Planning and Scheduling skills level at the GPC Preparatory level.
Primavera P6 and Microsoft Project books, on-line video training courses and training material available from an internationally recognised publisher and PMI accredited REP. Teach yourself using on-line or book based learning or run your own in-house or public PMI accredited courses.
For 25+ years, APMX has been providing competency based project management training to Fortune 500 companies around the world, applying the principles of project based learning, designed to produce measurable results, generating a favorable “return on training investment”.
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