AACE Seattle Section February 9th, 2017 Meeting
Best Western Plus Executive Inn
200 Taylor Avenue N.
Seattle, WA
PRESENTATION: NUMERICAL BIAS OF CONSTRUCTABILITY/RISK TEAMS VS PROJECT ACTUAL BID RESULTS
Are risk analyst and constructability review teams perpetually pessimistic or does something happen between the time of the risk study and bid day? True, those of us involved with quantitative risk analysis have a critical perspective and survey our surroundings looking for the what ifs of this world to complicate our projects. Sometimes its a fact of remembering a project that went awry or a combination of facts that may lead to either cost or schedule complications. There is a subtle tension which sometimes arises between the risk team, designer and owner since risk projections can severely impact budgets, project goals and stakeholder expectations.
The scope of this presentation explores the dynamics of risk identification, risk distribution types (Normal, BetaPert, etc.) and the resulting impact upon design teams, project budgets and owners. A case study of a water treatment plant project will highlight the risk bias and the intricate effects upon the design team and owner PM staff from final document preparation through bidding. The positive result in the industry is that more risks are being identified, addressed and mitigation measures initiated prior to bidding.
PRESENTER: David A. Hamilton, PE, CVS-Life, CCP, ENV-SP; Hamilton Risk+Value Consultants, LLC
Mr. Hamilton is a Registered Professional Civil Engineer, Certified Value Specialist (CVS-Life), Certified Cost Professional (CCP), LEED Accredited Professional and Envision Sustainability Professional (EN-SP) with more than 40 years of experience in project management, design, construction, risk analysis and value engineering (VE) of large complex civil and environmental engineering projects. Mr. Hamilton has conducted more than 700 constructability, risk and VE activities on projects ranging from $2 million to $5 billion in 47 States, most of the provinces in Canada and numerous locations overseas. He has structured multidisciplinary teams to study a variety of projects such as wastewater and water treatment, transit systems, tunnels, buildings, military facilities, airports, bridges, locks/dams and highways.
Dave has his own consulting practice, Hamilton Risk+Value Consultants, LLC and is located in the greater Seattle area. His primary focus is conducting quantitative risk analysis, mitigation and project value optimization services to design teams and clients in the public sector.
*** Please make every effort to sign-up for this meeting before 12:00 Noon on Monday, February 6th, so that proper number and choice of meals can be ordered. Your cooperation is greatly appreciated! Please also note that meal orders placed after noon on Monday of the week of the event cannot be guaranteed ***
LOCATION:
Best Western Plus Executive Inn
200 Taylor Avenue N
Seattle, WA 98109
(this location is wheelchair accessible)
TIME:
Please note that our meeting times have moved up by half hour as requested by several of our members.
5:00pm - Social Hour
6:00pm - Dinner
6:45pm - Program
COST:
The member price for this event is $32.00 if you register before 12:00 Noon on the Monday immediately preceding the meeting; late registration is $37.00.
Non-members price is $39.00 before 12:00 Noon on the Monday immediately preceding the meeting, and $45.00 thereafter.
Please note that registration will be closed Monday, February 6th, at 8:00 pm.
A very limited of first come first served meals will be available at the door.
MENU:
Tender London Broil, or Alder Smoked Salmon with Horseradish Cream, or Vegetarian (requires one week advance notice)
If you have specific dietary restrictions please contact us at aaceseattle@gmail.com so that we can accommodate you. The AACE Seattle Section will be rotating menu selections this program year; we are interested in obtaining your feedback!
PLEASE NOTE:
The AACE Seattle Section must pay for all meals that are ordered. If you RSVP that you will attend, you are responsible for the bill of your meal. In addition, if you attend without an RSVP there is a possibility that your meal options will be limited from those listed above. If you would like to be added to the Seattle Section's mailing list to receive future notices about our meetings and events, please contact one of the presiding Officers or Directors.
Visit the AACE Seattle Section on our new website at www.aaceseattle.org.
Anybody interested in budget control, claims management, cost engineering, cost estimating, earned value management, planning and scheduling, project control, project management, value engineering, or risk management in any industry is cordially invited.
AACE Seattle Section meets the 2nd Thursday of each month from September through May (excluding December). Each meeting with a technical presentation qualifies for .25 Continuing Education Units (CEUs) towards your CCP/CEP/CFCC/DRMP/EVP/PSP recertification requirements.
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| Thursday Feb 09, 2017 6:00 PM - Thursday Feb 09, 2017 8:00 PM | $32.00 - $45.00 |
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LocationBest Western Plus Executive Inn (View)
200 Taylor Avenue N
Seattle, WA 98109
United States
Categories
| Non-Smoking: Yes! |
| Wheelchair Accessible: Yes! |
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Contact
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