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(RISK-3313) (Panel Discussion) The Future of Decision and Risk Management in the Post-Digital Era

Level: Intermediate
Venue: 2019 AACE International Conference & Expo, June 16-19, 2019, New Orleans, LA, USA

Abstract: Let's face it, managing project risk has become challenging and complex than ever and resulted in major overruns in capital project executions across the world. Emerging technologies such as embedded sensors, digital twins and machine learning can enhance risk management, enabling new capabilities and unlocking possibilities considered unfeasible in the past for DRM practitioners. They can use digital as a lever to rationalize and optimize their risk management practices to deliver predictable project outcomes.

This panel discussion will bring together experts with diverse perspectives to discuss how and what should be done to accelerate the adaptation of the technologies in DRM area. Topics will include (1). Current maturity level of decision and risk management in construction industry (2). Key issues and challenges to adopt digital technologies in DRM, and (3) Actionable insights related to people, process and systems. Audience members will be able to participate following a moderated discussion period.