The Serenity Factor in Risk Management
PMIWDC Non-Member Rate
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Department of Agriculture, Cafeteria Conference Room (Wing 2 Entrance)
12th and Independence Ave, S.W.
Risk management can become very complex, in large part because risk analysis is open-ended and non-deterministic. In addition, there is a natural tendency for risk management practitioners to focus their efforts on actions before the fact, forgetting it may not be the best response for a given uncertainty. Risks are traditionally assessed using three factors: impact; likelihood; and velocity. In this presentation Mr. Erickson will propose a fourth factor – the Serenity Factor – and will demonstrate how it can be a useful tool for quickly determining whether the response to a given uncertainty would be more effective before or after the fact, or should include a mixture of both preemptive and reactive actions.
The M2D2 Event is free of charge and open to all interested PMs. Preregistration is required. Metro Accessible via Smithsonian Station Government ID or Photo ID is required to enter the facility
About the Speaker
Tom Erickson’s career spans 35 years of
Tom was one of the first 31 individuals world-wide awarded the PgMP from the Pilot Credential Program. In
About the M2D2 Monthly Downtown DC Meetings
PMIWDC holds a free monthly brown bag meeting at the US Department of Agriculture. These meetings are free, and open to the public, but preregistration is required.