Meeting/Event Information

Southwest Meeting: How Long Will It Take to Complete My Project? A Study in Probabilistics using Monte Carlo Analysis

July 19, 2017
5:30 PM to 6:30 PM
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Schlumberger - Sugar Land Campus
210 Schlumberger Drive
Sugar Land, TX 77478
 Directions

If you will be attending this meeting, please register online. We are keeping attendance records online for PMI auditing purposes. Thanks!

PMI Southwest Meeting Venue:

Chris DelGardo
Advanced Project Solutions
Chris DelGardo, PMP is a Senior Project Management Consultant for Advanced Project Solutions in Sugar Land, TX.  Chris has over 25 years in management, including 17 years of project management experience and business process development. 

Chris’ project experience started in small projects – managing a few internal software projects within Dell Computer where he worked as an analyst.  Later, he moved on to Waste Management, as the Project Manager responsible for the execution stage of the WasteRoute Project in the Midwest and Canada groups.  His teams were responsible for the logistics optimization of the entire fleet of vehicles across a geographically dispersed region.  Chris remained with WM until the project was completed in 2005.

For the past 11+ years, Chris has consulted for major capital projects ranging from $10 million to $40+ billion across six continents. Key areas of expertise include probabilistic cost and schedule risk analysis, project execution planning, project framing, corporate project management system training, value improving practices, and facilitation of various technical or business reviews of projects in the energy sector.

Chris has conducted training classes for PMI Western Australia Chapter, has been a member of the Singapore PMI Chapter, and is now a proud member of the PMI Houston Chapter.

Topic Description: 

How Long Will It Take to Complete My Project? 

A Study in Probabilistics using Monte Carlo Analysis 

Even with a our growing knowledge base of project management, delay and cost overrun continue to plague projects of all sizes, across multiple industries.  Cost and Schedule Risk Assessment (CSRA), when completed at key times in the project lifecycle, improves the potential for project success and predictability by helping stakeholders identify and quantify the risks and opportunities.  By applying Monte Carlo analysis to the project cost and schedule, project managers can provide investment decision makers with a realistic and quantified range of uncertainty around the budget estimates and completion dates.  This can also provide project team with a holistic view of the project’s risk profile for effective risk mitigation.

This presentation will provide an introduction to probabilistic risk analysis, share techniques that  can be used in any project, in any industry, and share some examples of how this technique has been used to improve project decision making. 

This Session Qualifies for: 

Leadership

 
Location:
Schlumberger Sugar Land Campus
Forum Cafe
210 Schlumberger Drive
713-234-0550

Click to View Map


Professional Development Units (PDU) for PMI certified professionals:

The introduction of the updated CCR system, has resulted in a much simpler procedure for claiming PDUs. As before, there are no specific PDU codes for events that award up to 2 PDUs. Each PMI Houston meeting with a 1-hour presentation, on a PM Talent Triangle topic, equals 1 PDU. (The category for each presentation will be indicated on the web-site)  This includes dinner meetings, pre-dinner meetings and meetings at any of PMI Houston's satellite venues.  If you attended both pre-dinner and dinner presentations, please submit 2 PDU claims following the process below for each presentation event.

Procedure for getting PDU credit for PMI® Houston’s meetings towards the recertification of your PMI credential (PMP, PgMP, etc.):

  1. Go to www.pmi.org and log in using your pmi.org Username and Password.
  2. Select myPMI and click on “Report PDUs”
  3. Click on “Organization Meetings” and fill in the form.
  4. Organization Host " PMI Houston "
  5. Title  “Chapter Meeting”
  6. Meeting Number (Optional)  C012 (zero)
  7. Date Started Use Calendar to complete
  8. Date Completed Use Calendar to complete
  9. PDUs claimed - Enter 1, under the relevant category of the Talent Triangle. (Each 1 hr. presentation equals 1 PDU)
  10. Review the data entered, if correct click the box indicating "I agree this claim is accurate"
  11. Click Submit

Save a copy for your records

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