Murphy's Revenge! (TM)

Finally! A way to creatively and consistently manage project risks and opportunities.

OVERVIEW

Risks abound. Things can go wrong. Time is not on your side. How can you deal with all of the possibilities?

Fortunately, there are now techniques and software to help immunize your project against the ravages of Murphy's Law.

Decision Precision provides training and software tools for project risk management -- a proactive, problem-solving approach for evaluating contingencies. Actions can be taken before Murphy's Law takes effect.

The decision techniques provide logical, consistent ways for:

• Choosing between alternatives
• Assessing the value of an opportunity or the liability of a risk
• Optimizing resource assignments.

The techniques are straightforward and easily applied ... frequently using only a hand calculator.

HIGHLIGHTS

• Project life-cycle risk management techniques, from feasibility through abandonment. Techniques especially useful for:

* Economic Evaluation (project feasibility, evaluating alternatives, bidding and negotiation, etc.) and

* Project Risk Management

• A flexible way to catalog and prioritize risks, opportunities, and candidate actions.
• Tracking assessments and actions as part of the risk management process. The organization learns while making continuous improvements.
• Clear evaluation and decision process enables people close to the action to make decisions further down the organization.

Decision analysis techniques can be used without a computer for many everyday decisions; optional software is available for program and portfolio management and larger problems.

Follow-on implementation assistance supplements training, including phone/fax/e-mail support.

Decision analysis won't eliminate risks, but it does provide assurance of the best choice with the information available at the time.

Training

Training provides class participants with a practical working knowledge of Decision Analysis in Projects [title of the book by our instructor John Schuyler , published by Project Management Institute, 1996 (April availability)]. The classes can optionally include hands-on use of low-cost personal computer software such as:

• PROAct (TM) for project risk management (software supporting methodology)
• @RISK{Special Char 210 in Font "Symbol"} or Crystal Ball{Special Char 210 in Font "Symbol"} (using Excel or 1-2-3® for Windows®) for feasibility and detailed evaluations.

These seminars are normally held in your facility or a location convenient for your company. We can customize the seminar for your particular project or business environment.

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