Building the Dreadnought, APM Programme Management SIG Conference 2017, 02 March 17, Derby
APM Risk SIG Uncertainty or risk - is there any difference?
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Transcript of APM Risk SIG Uncertainty or risk - is there any difference?
![Page 1: APM Risk SIG Uncertainty or risk - is there any difference?](https://reader036.fdocuments.in/reader036/viewer/2022062706/5575afc7d8b42a3b498b4c23/html5/thumbnails/1.jpg)
APM Risk SIGRomsey- 24th October 2013
Uncertainty or Risk – is there any difference?
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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.
![Page 3: APM Risk SIG Uncertainty or risk - is there any difference?](https://reader036.fdocuments.in/reader036/viewer/2022062706/5575afc7d8b42a3b498b4c23/html5/thumbnails/3.jpg)
Agenda
Session Time SpeakerRegistration and refreshments 09:00 Welcome and Introduction 09:30 Edwina Hayward and Derek Wright
Uncertainties” Are Risks 09:45 Martin Hopkinson
Tea/coffee 10.45 Uncertainty – Understanding the impact and the importance of recording assumptions
11:15 Terry Johns
Quantifying uncertainty in an Operational Environment – Risky weather forecasts?
12:15 Chris Tubbs
Lunch and networking 13.15 Performance uncertainty management is a more effective approach than risk management
14.15 Stephen Ward
Tea/coffee 15.15
Project case study – Uncertainty v Risk 15.45 Derek Wright
Debate and Summary 16:45 Edwina Hayward and Derek WrightEnd 17:15
![Page 4: APM Risk SIG Uncertainty or risk - is there any difference?](https://reader036.fdocuments.in/reader036/viewer/2022062706/5575afc7d8b42a3b498b4c23/html5/thumbnails/4.jpg)
Uncertainties are risks
Martin Hopkinson
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Uncertainty – Understanding the impact and the importance of recording assumptions
Terry Johns
![Page 7: APM Risk SIG Uncertainty or risk - is there any difference?](https://reader036.fdocuments.in/reader036/viewer/2022062706/5575afc7d8b42a3b498b4c23/html5/thumbnails/7.jpg)
Quantifying uncertainty in an Operational Environment – Risky
weather forecasts?
Chris Tubbs
![Page 9: APM Risk SIG Uncertainty or risk - is there any difference?](https://reader036.fdocuments.in/reader036/viewer/2022062706/5575afc7d8b42a3b498b4c23/html5/thumbnails/9.jpg)
Performance uncertainty management is a more effective approach than risk management
Stephen Ward
![Page 11: APM Risk SIG Uncertainty or risk - is there any difference?](https://reader036.fdocuments.in/reader036/viewer/2022062706/5575afc7d8b42a3b498b4c23/html5/thumbnails/11.jpg)
Performance uncertainty management is a more effective approach than risk management
Derek Wright
![Page 12: APM Risk SIG Uncertainty or risk - is there any difference?](https://reader036.fdocuments.in/reader036/viewer/2022062706/5575afc7d8b42a3b498b4c23/html5/thumbnails/12.jpg)
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.