Thank you for your interest in our webinars. The Spring Webinar series is completed, but we will be giving another series of webinars later in the year. Please join our mailing list to stay up to date on webinars and other events. 

Spring 2018 Webinars

We are pleased to offer the following series of webinars (all times PDT). Each webinar is 60 minutes long. 

Webinars are $50 each or $200 for all webinars. To register for all webinars, select "Multi-webinar package" for one webinar and contact Mary Claire Meijer for the discount code to waive registration fees for the other webinars prior to registration. 

 Sam Savage, Executive Director of Probability Management.org and author of  The Flaw of Averages

Sam Savage, Executive Director of Probability Management.org and author of The Flaw of Averages

Monday, April 16 10:00 AM PDT

Introduction to Probability Management

The discipline of probability management is a revolutionary approach for communicating uncertainty as data. It may be used with everyday software such as Excel, Matlab, and R. Unlike traditional techniques, it allows simulation models to be rolled up into consolidated risk statements. Topics include:
 
1.    The Flaw of Averages: Learn why expressing uncertainties as a single “average” numbers causes projects to be behind schedule, beyond budget, and below projection. Learn how to make consistently better decisions by explicitly modeling uncertainty. 
2.    Communicating Uncertainty as Data: The discipline of probability management communicates uncertainty as arrays a data called SIPs (Stochastic Information Packets). SIPs may be communicated across platforms across the enterprise to generate consolidated risk statements.
3.         SIPmath, The Arithmetic of Uncertainty: Performing calculations with SIPs is called SIPmath. In native Excel, for example, you may add, multiply or use any other Excel formula on uncertainties using the same keystrokes you would have used for numbers. The magic is the Excel Data Table, which can perform thousands of simulation trials per keystroke. The free SIPmath tools available at our website make it easy to create such simulations, but the resulting models run in native Excel with no macros or add ins.
4.         Real World Examples: Examples of actual applications will be demonstrated including:
●      Portfolios of R&D Projects
●      Rolling up Operational Risk
●      Finance

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 Brian Putt, Chair of Energy Practice, Probability Management.org

Brian Putt, Chair of Energy Practice, Probability Management.org

Friday, April 20 8:00 AM PDT

Thursday, May 10 4:00 PM PDT

SIPmath Modeler Tools Basics

In this tutorial webinar, you will learn how to use the free 3.0 SIPmath Modeler Tools, available on our website. With these tools you can easily create dynamic simulation models that can run in Microsoft Excel without any macros or add-ins. Create new models or make your existing deterministic model robust to reflect uncertainty using the SIPmath Tools.

New Features in 3.0 Version:

  • Generates a wide array of probability distributions to include the Myerson and Metalog distributions.
  • Utilize and control separate random number seeds to ensure repeatability in the model.
  •  Easily calculate Means and percentiles of random variables.
  • Generates histograms of the distribution and Cumulative Distribution Graphs that are automatically updated with model changes.
  • Supports Excel 2010 and newer in Windows, Excel 2016 and newer on Mac.

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 Philip Fahringer, Lockheed Martin Fellow and Operations Analyst

Philip Fahringer, Lockheed Martin Fellow and Operations Analyst

Thursday, May 3 9:00 AM PDT

Interactive Decision Support at Lockheed Martin using Probability Management Concepts

Philip Fahringer, Lockheed Martin Fellow, will provide a live demonstration of Decision Support Applications implemented at Lockheed Martin using Probability Management approaches and concepts. These applications have directly led to improved customer and business outcomes through better communication of analytic insights to help better balance performance and risk and inform decision making.

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 Sam Savage, Executive Director of Probability Management.org and author of  The Flaw of Averages

Sam Savage, Executive Director of Probability Management.org and author of The Flaw of Averages

Monday, May 21 10:00 AM PDT

SIPmath Workbench

Go from blank spreadsheet to proof of concept in 10 minutes.

Donald Knuth’s Five Step Process
The famous Stanford computer scientist discovered in the 1970s that all computer applications go through five phases of development:

1) Decide what you want your application to do
2) Decide how to do it
3) Do it
4) Debug it
5) Trash steps 1 through 4 now that you know what you really wanted in the first place.
 
In this one hour webinar Dr. Savage will take one or two risk modeling problems from steps 1 through 5 before your very eyes. He will select from problems either sent in advance or presented during the webinar itself.

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 Tom Keelin, Managing Partner, Keelin Reeds Partners

Tom Keelin, Managing Partner, Keelin Reeds Partners

Thursday, June 7 9:00 AM PDT

The Metalog Distributions

The metalog distributions are an innovative new family of continuous probability distributions that better meet many of today’s needs than conventional distributions from centuries past.  The metalogs can represent a much wider range of shapes than conventional distributions like the normal, lognormal, beta, or triangular. Being quantile-parameterized, metalogs automatically mold themselves to assessed or empirical data, eliminating any need for curve-fitting.  They offer a choice among unbounded, semi-bounded, and bounded forms and have simple, closed-form, easy-to-program equations – making them ideal for decision analysis, simulation, and instant representation of most any assessed or empirical probabilistic data.

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