APM Risk SIG Uncertainty or risk - is there any difference?

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24th October 2013 conference

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APM Risk SIG Uncertainty or risk - is there any difference?

  1. 1. APM Risk SIG Romsey- 24th October 2013 Uncertainty or Risk – is there any difference?
  2. 2. Introduction  APM BoK Definitions – Uncertainty: A state of incomplete knowledge about a proposition. Usually associated with risk, both threats and opportunities. – Risk Event: An uncertain event or set of circumstances that should it or they occur would have an effect on the achievement of one of more project objectives.
  3. 3. Agenda Session Registration and refreshments Welcome and Introduction Time 09:00 09:30 Speaker Uncertainties” Are Risks 09:45 Martin Hopkinson Tea/coffee Uncertainty – Understanding the impact and the importance of recording assumptions Quantifying uncertainty in an Operational Environment – Risky weather forecasts? Lunch and networking Performance uncertainty management is a more effective approach than risk management Tea/coffee 10.45 Project case study – Uncertainty v Risk 15.45 Derek Wright Debate and Summary End 16:45 17:15 Edwina Hayward and Derek Wright Edwina Hayward and Derek Wright 11:15 Terry Johns 12:15 Chris Tubbs 13.15 14.15 Stephen Ward 15.15
  4. 4. Uncertainties are risks Martin Hopkinson
  5. 5. Tea / Coffee
  6. 6. Uncertainty – Understanding the impact and the importance of recording assumptions Terry Johns
  7. 7. Quantifying uncertainty in an Operational Environment – Risky weather forecasts? Chris Tubbs
  8. 8. Performance uncertainty management is a more effective approach than risk management Stephen Ward
  9. 9. Tea / Coffee
  10. 10. Performance uncertainty management is a more effective approach than risk management Derek Wright
  11. 11. Debate / Summary  APM BoK Definitions – Uncertainty: A state of incomplete knowledge about a proposition. Usually associated with risk, both threats and opportunities. – Risk Event: An uncertain event or set of circumstances that should it or they occur would have an effect on the achievement of one of more project objectives.

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