Quantitative Risk Virtual Summit 3rd Edition - March 10

14:00  🎤 Welcome Remarks – Craig Ferri, Timour Koupeev – 15 min

14:15  📊 Francois Joubert - "Using an “uncertainty matrix” to determine where risk sits in a project"

Abstract: It may happen that tornado graphs cannot provide useful information about a model's uncertainty.  This may be caused by risk factors which may apply similar levels of uncertainty to the various line items in a bill of quantities.  This causes several problems for project management professionals, as the question of “What matters most?” and “What do we need to focus on” cannot be answered by using a tornado graph.  This problem may be solved by combining existing Modelrisk functionality and a cost uncertainty matrix to determine cost contingency per project package.  The outcome of provides some insight into where cost uncertainty on the project.  

15:00  ⏸️ Pause – 5 min