Conquer Uncertainty: A Practical Introduction to Project Risk Management and Monte Carlo Simulation
About
In this engaging webinar, you will explore the fundamental concepts and tools that can help you effectively navigate uncertainty in project environments. We’ll begin by demystifying the principles of risk management—explaining how to identify, assess, and respond to potential challenges before they derail your objectives. From there, we’ll delve into the power of Monte Carlo simulation, an indispensable technique used to model varying project outcomes and quantify risks under diverse scenarios. Through real-world examples and interactive discussions, you’ll discover how harnessing data-driven insights can significantly enhance decision-making and boost your project’s success rate. By the end of this session, participants will walk away equipped with practical strategies and actionable knowledge to confidently manage risks in any project landscape.
1
Continuing Professional Development
This event can contribute towards your Continuing Professional Development (CPD) hours as part of the IET's CPD monitoring scheme.
30 May 2025
1:00pm - 2:00pm