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How to Perform a Quantitative Risk Assessment and Real World Examples

A Workshop by Mark Powell
Consultant, Attwater Consulting

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About this workshop

There is absolutely nothing like seeing something flashily advertised in real action. In this session, we will present a stepwise process to perform a State of the Art Quantitative Risk Assessment, and then walk through a number of difficult and complex real world risk problems. In each case, we will show how the State of the Art Quantitative Risk Assessment enabled quick and comfortable decisions every time. Even better, these examples demonstrate the often nebulous and confusing way real world risk problems are usually presented to us. In each example, we show how using a State of the Art Quantitative Risk Assessments actually clarified that nebulosity and confusion, enabling very easy decisions for really tough problems, and of course, that really saves money.

Mark Powell

Mark Powell has practiced Risk Management for over 45 years in a wide variety of technical environments including defense, aerospace, energy, and commercial. His roles in these environments have included project manager, engineering manager, chief systems engineer, and research scientist. He has been sharing his hard won practical risk expertise by teaching risk management at the graduate level since 1998 at the University of Idaho, the University of Houston, Stevens Institute of Technology, and the University of Texas at Austin. He is an active member of Sigma Xi, ISBA, AIAA, INFORMS, and helped to found the Texas Gulf Coast Chapter of INCOSE in 1991. Mr. Powell has served INCOSE as Chair of the Risk Management Working Group, and as Assistant Director for Systems Engineering Processes. He has since 2002 been regularly invited to present risk management tutorials and seminars at INCOSE International Symposia, IEEE Conferences and Symposia, PMI Conferences, and for numerous other professional organizations. Mr. Powell has maintained an active engineering and management consulting practice in North America, Europe, and Asia since 1999.

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