ABSTRACT: This presentation shares how stakeholders manage threats and opportunities to make critical differences in their projects – and in their careers! Best risk management practices and strategies published by the Project Management Institute are augmented with the speaker’s experience. A bonus feature: See how NASA evaluates Joint Cost-Schedule Confidence Levels (JCLs) of space missions’ programmatic risk.

SESSION OBJECTIVES: How to (1) Recognize traits of healthy project plans and estimates; (2) Identify root causes that influence project outcomes; (3) Select the depth of risk analysis appropriate to your project.

Agenda

7:00 a.m. - Register, Breakfast, Networking
7:30 a.m. - Webstream broadcast begins
7:40 a.m. - PMI-MN Chapter Business / Intros
7:50 a.m. - Speaker Presentation
8:40 a.m. - Questions & Answers

Cost

Member            $15

Non-Member    $25

Walk-Ins           $25

Webstream       $10

Partner Discount 10% at Registration

Cancellation
Full refunds, less a $5 cancellation fee per registration, available through September 9. 

The HORNBACHER & ASSOCIATES mission is to help project teams resolve uncertainty and risk through practice and education. Best practices developed over years of application are the core method and among those published by the US Government Accountability Office (GAO), NASA and others as policy. That is, project teams and stakeholders identify uncertainties and risks in workshops and interviews. Assessment may be both qualitative and quantitative as project complexity requires. Probabilistic network and spreadsheet models use simulation to integrate quantitative cost-schedule risk analytics and prioritize risk drivers for treatment. Team workshops then translate analytical findings into actionable results to be implemented, evaluated, and improved.

Mr. Hornbacher held positions of vice president and managing consultant in the Los Angeles firm that pioneered Monte Carlo simulation of project risks in aerospace/defense before founding HORNBACHER & ASSOCIATES. Experience from his ongoing global practice as a consultant and contractor is often shared with professional service organizations. In Philadelphia he leads graduate seminars as a member of Affiliated Faculty, University of Pennsylvania.

HORNBACHER & ASSOCIATES team’s experience spans many sectors: construction, space missions, energy extraction and transportation, physical infrastructure, biopharmaceutical development labs and manufacturing, and software development for healthcare systems. Assignments include work in both the private and public sectors and magnitudes from $15 billion industrial capital expansion projects to rapid growth start-ups.

Professional Affiliations
• Project Management Institute (PMI)
• International Council on Systems Engineering (INCOSE)
• Association for Advancement of Cost Engineering (AACE) International
• Institute of Industrial and Systems Engineers (IISE)
• International Cost Estimating & Analysis Association (ICEAA)
• University of Pennsylvania, Organizational Dynamics Graduate Studies, School of Arts and Sciences – Philadelphia