pdf W3 Dr. James Brown: Risk Management Popular

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Texas Hold’em Tactics for the Project Manager Texas Hold’em has seen an explosion in popularity since the World Poker Championships have been featured on TV. Part of this popularity is the easiness of the game to learn, the rush of winning, and the luck factor that is involved. Playing the game is simple. Winning consistently is not simple. The winning Texas Hold’em player has two tactics that project managers must also have to be successful. • Ability to make probabilistic assessments • Ability to read human behavior as it responds to risk Just like the Texas Hold’em player, project managers must deal with uncertainty and work with humans. This keynote presentation will provide the project manager with tips for probabilistic assessments and an understanding of human behavior as it specifically relates to risk. To quote Texas Hold’em player Anthony Bee, from Important Concepts in Limit Holdem, “This means being able to recognize profitable situations and exploit them to the full. It also means avoiding unprofitable situations and therefore costly mistakes.” Could Anthony Bee have been talking about project management? 

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