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survey.
Level: Basic
TCM Section(s):
7.6. Risk Management
Venue: 2021 AACE International Conference & Expo
Abstract: The goal of a project development and execution process is to select the right project and execute that decision with excellence. This practical presentation addresses how decision & risk analysis is used in the industry to make informed decision by comparing alternatives, quantifying risks & uncertainties and evaluating financial outcomes. Tools such as decision hierarchy, strategy table, influence diagram, tornado chart, decision tree and S-curve will be presented and how they are used to make complex decision on actual large as well as small projects.
Level: Basic
TCM Section(s):
7.6. Risk Management
Venue: 2021 AACE International Conference & Expo
Abstract: The goal of a project development and execution process is to select the right project and execute that decision with excellence. This practical presentation addresses how decision & risk analysis is used in the industry to make informed decision by comparing alternatives, quantifying risks & uncertainties and evaluating financial outcomes. Tools such as decision hierarchy, strategy table, influence diagram, tornado chart, decision tree and S-curve will be presented and how they are used to make complex decision on actual large as well as small projects.