November 18th, 2014 | London, UK
Steve Jewell—Risk Management Practice Leader for Asset Performance Networks (AP-Networks)—will be presenting at this year’s Project Controls Expo 2014. His presentation, entitled “Cost Estimate Risk Analysis for Capital Projects and Maintenance Turnarounds,” will highlight the need to take due account of both project specific and systematic risks when assessing the accuracy range and contingency requirement for a cost estimate.
Steve will review the abundant literature on the subject, highlighting the “optimism bias” that can creep into teams’ assessments of uncertainty and risk if not properly facilitated by those experienced in cost risk assessment. Steve will look at ways to counter the optimism bias, and show how the AP-Networks Cost Estimate Risk Analysis (CERA) process works to remove this bias.
Steve Jewell is the Risk Management Practice Leader for AP-Networks across the globe. He has over 38 years of experience in the oil and gas sector, of which more than 20 years has been spent in managing risk. He is a recognized authority on the topic of risk, and has implemented risk management at project, business, and corporate levels. His work has included the development and implementation of risk policy and procedures, the development and use of risk tools (risk identification and risk registers), the facilitation of risk workshops, and coaching/mentoring.
Learn more about Project Controls Expo 2014 on their website: http://goo.gl/aUlkxb