How confident are you in answering these questions:
- What will be your project’s cost and finish date?
- What are you doing now to increase the likelihood of your project’s success?
- Does risk based thinking help you prioritize choices to calculate contingency?
The Performance Excellence Network is pleased to welcome Keith Hornbacher and Kristin Hauser or Hornbacher & Associates, to our September 13 St. Paul PEN breakfast discussion: “Resolving Project Risk, Uncertainty, and the Unexpected.”
This discussion challenges participants to understand their project frameworks in order to effectively treat risk and uncertainty. Keith and Kristin will share best practices in project contexts ranging from the simple through the complicated to the complex. They will also share a takeaway handout to help attendees assess their own organizational project risk management maturity. This presentation is based on extensive consulting experience and teaching a graduate course of the same name at the University of Pennsylvania.
The discussion is at Metro State University in the Student Center (details provided at registration). Continental breakfast will be served from 7:30 to 8:00 with the presentation from 8:00 to 9:00 am. No cost for members; $30 for non-members.
To register, contact Brian Lassiter at [email protected].
Livestreaming (free) and video-on-demand ($20 for members) are now also available (discounted annual subscriptions are available and Premium/Sponsoring Members are free). Please contact [email protected] for more information and for the link to register for livestream or on demand.
Biographies
Keith Hornbacher, MBA – Founder, Principal; Kristin Hauser – Co-founder, Senior Associate. In consulting as in education, their professional purpose is to resolve project uncertainty and risk. Stakeholders identify uncertainties and risks in workshops and in direct interviews for qualitative and quantitative evaluation. Probabilistic network and spreadsheet models use simulation (Monte Carlo) to integrate cost-schedule risk analytics and prioritize risk drivers for treatment. Team workshops then translate analytical findings into actionable results to be implemented, evaluated, and improved.
Mr. Hornbacher held positions of vice president and managing consultant in the Los Angeles firm that pioneered Monte Carlo simulation of project risks in aerospace/defense before founding Hornbacher & Associates. Experience from his ongoing global practice as a consultant and contractor is often shared with professional service organizations. In Philadelphia he leads graduate seminars as an Affiliated Faculty member, U of Penn.
Ms. Hauser works with projects of all sizes. She supports analysis of schedules, cost estimates, risks, and develops reports for large US federal and private Programs/projects. Among her signature achievements ― programmatic risk analysis of the C$5 billion Hibernia Offshore Oil Platform, on station in the North Atlantic’s “iceberg alley”. Her interests include overcoming challenges of implementing organizational change and bureaucratic inertia.
Hornbacher & Associates’ experience spans sectors from construction, space missions, healthcare, departments of transportation, energy extraction, and cross country pipeline systems to development of software intensive projects. Assignments include work in the private and public sectors ranging from $15 billion industrial capital expansion mega-projects to incubator-sized innovative startups.
Workshops and seminars delivered on this subject to many organizations, including:
- American Society for Quality (ASQ)
- Association for Advancement of Cost Engineering (AACE) International
- Canadian Department of National Defence (DND)
- International Cost Estimating and Analysis Association (ICEAA)
- International Council on Systems Engineering (INCOSE)
- Project Management Institute (PMI®)
- University of Pennsylvania, Organizational Dynamics Graduate Studies, School of Arts and Sciences (U Penn)
- US AOC, DoD, GAO, NASA
