Live Webinar – November 23, 2016 12:00 pm – 1:30 pm EST
Activity Type: Education – Course or Training  1 Hour  1 PDU
Provider: MPUG WebnLearn ( REP 1369 )
Mpug Member Free – Members only event

Monte Carlo simulation is named after the European city famous for games of chance (which is a polite way of saying gambling!).

In this session John Owen will explain the fundamentals of Monte Carlo Simulation (aka Schedule Risk Analysis) and show how it can be easily applied to enhance the realism of schedules in Microsoft Project.

Who knew that throwing some dice could dramatically increase our chance of delivering projects on time!

Presenter:  John Owen (LinkedIn profile) COO of Barbecana Inc, John has over 30 years of experience with using, supporting, and developing project management software tools across multiple industries.  Before joining Barbecana John was Product Director for Scheduling and Risk tools at Deltek.  Barbecana specializes in producing software for schedule risk analysis with the aim of helping customers improve confidence in their schedules.

If you are NOT ALREADY a member JOIN MPUG!

This event is for members only BUT… You can take one of the MPUG Certificated Masterclass (Usually 6 Category A PDUs) Or over 30 other Category A PDUs for free each year.  The $129 Per Year Membership Fee is a terrific value!

MPUG Membership includes:

1. MPUG’s Project Server and SharePoint certificated courses available to members
2. Over 30 other virtual PDU events per year
3. You can network with other MPUG (Microsoft Project Users Group) members at in person meetings and events.
4. Work with Microsoft MVPs in MS Project Project Server & SharePoint
5. And so much more …

Seriously consider joining MPUG if you work with SharePoint or Project & earn all the PDUs you will need as a member of MPUG!

Click to register for:
What Is Monte Carlo Simulation &
Why Should I Use It With Microsoft Project?

NOTE: For PMI® Audit Purposes – Print Out This Post!  Take notes on this page during the presentation and also indicate the Date & Time you attended. Note any information from the presentation you found useful to your professional development and place it in your audit folder.

Online Webinar – Recorded September 19th 2013
Activity Type: Education – Online or Digital Media 1 PDU Free
By: ProjectManagement.com / Gantthead (REP #2488)
Once viewed your PDU Will automatically Be recorded with PMI®

ProjectManagement.com / Gantthead premium content
Is available to PMI® members.

Identifying the root causes of project schedule and cost risk requires that the risk to the project schedule is clearly and directly driven by identified and quantified risks.

In the Risk Driver Method the risks from the Risk Register drive the simulation.

As a side note, Risk Registers are not complete – during the interviews to collect risk data the interviewees introduce important risks that are, surprisingly, missing from the Risk Register.

The Risk Driver Method differs from older, more traditional approaches in which 3-point (low, most likely and high) estimates of the activity durations are applied directly to activity durations.

The traditional 3-point estimate represents, often, the influence of several risks that impact the activity if they happen.

• Therefore the importance of each risk cannot be individually distinguished and kept track of.
• Also, since some risks will affect several activities, we cannot capture the entire influence of a risk using traditional 3-point estimates of impact applied to specific activities.

• The Risk Driver method allows us to specify the risks by their probability of influencing the schedule as well as the uncertainty of their impact if they do occur, and to assign the risks to all detailed tasks they influence.

3-point estimates have no clear way to represent the probability of a risks’ occurring so they miss one of the two important characteristics of the risks.

Correlation between activity durations is important in determining the possible date of completion if the organization wants a fairly conservative estimate, say at the 80th percentile (P-80).

With traditional 3-point estimates the correlation coefficients have to be estimated (guessed at) and applied between pairs of activities.

Using the Risk Drivers method correlation between activities’ durations is created during simulation based on a common risk (or common risks) affecting the activities. We no longer need to estimate the correlation coefficients with the possibility that the coefficients determine an inconsistent correlation matrix.

The basic benefit of the Risk Driver approach comes from the ability to identify, and hence prioritize the importance of risks (as distinguished from the importance of activities or paths in the traditional 3-point estimate approach). Hence Risk Drivers facilitates risk mitigation.

We do not mitigate activities or paths
We mitigate risks.

In order to determine which risks to mitigate we need to be transparent about which risks drive the results, hence the Risk Driver Method.

Note: You have to sign in to ProjectManagement.com with your PMI® credentials to register for this opportunity. If you are not signed in with your PMI® credentials you will not see the “Register for this webinar” link

Click to register for:
Risk Driver Method In A
Monte Carlo Simulation Of A Schedule

NOTE: For PMI® Audit Purposes – Print Out This Post!  Take notes on this page during the presentation and also indicate the Date & Time you attended. Note any information from the presentation you found useful to your professional development and place it in your audit folder.

Live Webinar November 21st, 2016, 11:00 am – 12:00 am  EST
Activity Type: Education – Course or Training  1 Hour  1 PDU
Provider: Gartner Webinars

Mobile apps are essential to the digital transformation of the enterprise and mobile app development is exploding, but the mobile environment and tools are in constant flux, with a new generation about to emerge.

Enterprises must adopt the appropriate tools, architectures and partners to help them scale mobile app development, or they will fall far behind their competition.

In this session Richard Marshall (LinkedIn profile, Gartner bio) will discuss:

• How mobile app development will evolve to address pent-up demand
• Which tools and services are essential for scaling development
• How to implement architectures that can adapt and transform

Click to register for:
Mobile App Development: Scale or Fail

NOTE: For PMI® Audit Purposes – Print Out This Post!  Take notes on this page during the presentation and also indicate the Date & Time you attended. Note any information from the presentation you found useful to your professional development and place it in your audit folder.