PVaR: Project Value at Risk - A New Way to Connect Risks to Business Outcomes
PVaR (Project Value at Risk) is a new indicator for connecting risks to two of the most important questions in project management: when will the project be completed and at what cost? It is based on the widely accepted VaR (Value at Risk) financial indicator.
This interactive session, with questionnaires and polls, will introduce the amazing progress and mini revolutions currently taking place in risk management: the cognitive and big data revolutions. The multitude of KRI (Key Risk Indicators) has made it difficult for project managers to communicate risk outputs in a concise, clear way that decision makers could easily understand and use.
The main focus of the session will be on introducing the PVaR (Project Value at Risk) indicator and to demonstrate how you can use it to improve your communication with stakeholders and decision makers.
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