HGCS NEWSLETTER Houston Gulf Coast Section—AACE Oaober 2014 Volume 10, Issue 2 OCTOBER 14th PROGRAM Pearson's correlation is the primary metric used to quantify the contribution of each factor to cost and schedule growth in many tornado chart views. This presentation will explore the reasons why Pearson's correlation is an unreliable metric for prioritizing risks and further explore other alternate methodologies using stochastic optimization for more accurately prioritizing risks Eric Druker Sr. Manager, Strategic Innovation Group Booz Allen Hamilton PRESENTATION: "Using Stochastic Optimization to Improve Risk Mitigation" Meet the Speaker Bio: A proven expert in data science/analytics, Eric has 10 years' experience performing analysis for a variety of government & commercial clients. In 2010, he invented a new technology - RealTime Analytics - enabling complex simulations, previously requiring hours to run, to simulate in a matter of seconds. Eric is an internationally recognized expert in cost and schedule risk analysis and is one in a small group of individuals to be awarded two International Cost Estimating & Analysis Association's (ICEAA) Analyst of the Year Awards. He has authored over a dozen of industry papers on risk analysis and simulation modeling and has participated as speaker and/or panelist at conferences and symposiums for Department of Defense, Naval Postgraduate School, Australian Department of Defense, and NASA's Project Management Challenge. In this issue: Presentation and | Speaker Info Meeting Time and 2 Location Meet the HGCS 2 Board of Directors Announcements 3 President's Message by Matt Baker 4 Speaker Lineup HGCS website: www.aacei-hgcs.org Check it out and stayed tuned for more information about certifica- tions, special events, and train- ing.
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OCTOBER 14th PROGRAM - AACEI-HGCSOPPORTUNITIES FROM AACE INTERNATIONAL AACE International announces the second International Total Cost Management Conference ^^^^HBMiiiennium Hilton
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Pearson's correlation is the primary metric used to quantify the contribution of each factor to cost and schedule growth in many tornado chart views. This presentation will explore the reasons why Pearson's correlation is an unreliable metric for prioritizing risks and further explore other alternate methodologies using stochastic optimization for more accurately prioritizing risks
Eric Druker Sr. Manager, Strategic Innovation Group Booz Allen Hamilton
PRESENTATION:
"Using Stochastic Optimization to Improve
Risk Mitigation"
Meet the Speaker Bio:
A proven expert in data science/analytics, Eric has 10 years' experience performing analysis for a variety of government & commercial clients. In 2010, he invented a new technology - RealTime Analytics - enabling complex simulations, previously requiring hours to run, to simulate in a matter of seconds. Eric is an internationally recognized expert in cost and schedule risk analysis and is one in a small group of individuals to be awarded two International Cost Estimating & Analysis Association's (ICEAA) Analyst of the Year Awards. He has authored over a dozen of industry papers on risk analysis and simulation modeling and has participated as speaker and/or panelist at conferences and symposiums for Department of Defense, Naval Postgraduate School, Australian Department of Defense, and NASA's Project Management Challenge.