Episode #65 – Project Risk Quantification - in English

During risk assessment to determine project contingency, we are often very concerned with listing the threats on a spreadsheet to estimate the risks expected value, so we can determine contingency. Or we are used to run probabilistic analyzes based on a set of uncertainties. However, does this mean that we are increasing the project's chance of success? In this episode of the Capital Projects Podcast, I speak with one of the world's leading authorities on Cost Engineering and Risk Quantification: John Hollmann! John is an Honorary Life Member of AACE International, author of the “Project Risk Quantification” book and owner of Validation Estimating since 2005. He was also the lead author of AACE® International's TCM (Total Cost Management) Framework. John details the importance of quantifying risks on capital projects, the need for understanding systemic risks, and why companies need to look at their historical data to increase project predictability. You can enjoy this conversation in different ways: - To listen to the Podcast in Portuguese, just click on the specific Episode, also published on the channel! - To watch the video of the entire conversation in English, with subtitles in Portuguese, access: https://youtu.be/bMmdY-W8VwA   I also want to know: how is the quantification of risks in your projects right now? Are you satisfied with the results? Let me know! To access John Hollmann's book: https://www.amazon.com.br/Project-Risk-Quantification-Practitioners-Management/dp/1941075029/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=1657073561&sr=8-1&_encoding=UTF8&tag=andrechoma-20&linkCode=ur2&linkId=83e2a672f1f8c4399e696125357a0ef4&camp=1789&creative=9325 Esse Podcast tem o apoio de Teams Ideas by Prosperi (https://www.teamsideas.com/), da Technique Engenharia (http://www.technique.eng.br/) e da GSUP / Nexos. Acompanhe também as minhas redes / Follow me: @andre_choma e https://linktr.ee/andrechoma Produção: Voz e Conteúdo – www.vozeconteudo.com.br - @vozeconteudo #capitalprojectspodcast #capitalprojects #projetosdecapital #projectmanagement #podcast #gestao #projetos #gestaodeprojetos #riskmanagement #projectrisk #riskquantification #andrechoma #johnhollmann #aace #TCMFramework #metodologiafel #frontendloading