Integrated Cost & Schedule Risk Analysis ICSRA

[edit] Introduction

Integrated Cost & Schedule Risk Analysis (ICSRA) provides powerful insight into how a project’s critical path and cost can deviate when Estimating Uncertainty and Risk are considered. These insights can be far superior to just using the critical path, or performing separate Quantitative Schedule Risk Analysis (QSRA) and Quantitative Cost Risk Analysis (QCRA).

[edit] Webinar session

This webinar presented on Tuesday 14 November provided an overview and demonstrated progressive approaches and techniques to ICSRA which can be used at various stages throughout a project’s lifecycle, and using outputs to make better informed decisions and consider additional actions.

The session content is aimed at project professionals at all levels to demystify a method which is often thought of as too complicated or unnecessary.

It is also aimed at corporate and board professionals to express the supplementary understanding and awareness provided by ICSRA, why it should be executed on major projects and programmes, and the benefits of implementing ICSRA into projects and organisations.

[edit] Webinar resources

Robert has very kindly allowed his presented material to be made available for viewing. The slides on Slideshare are coming shortly, and the webinar recording on YouTube are now available in our APM resources area and also embedded below for reference.

The questions submitted from attendees during the webinar are being reviewed and answered. This webinar content is suitable professionals with an intermediate to advanced level of experience.

[edit] Speaker

Robert Balaam is a highly experienced, exceptional, and innovative professional, specialising in PMO, Enterprise and Project Risk Management and Business Transformation.

An APM Full Member, and APM Risk SIG Chair, Robert has firmly established himself as a leading expert in PMO, Risk Management, Project Controls, Schedule Management, Cost Management, Change Management, and Analysis and Reporting, with extensive knowledge, experience, and insight across many companies, countries, industries and sectors, on many major programmes.

Robert was guest speaker at the SWORD GRC Global Conference 2019 in Washington D.C, presented for the APM Risk SIG in 2022, and was a workshop facilitator at the APM Risk SIG Conference 2023.

Robert has superlative people, process, system, and technology skills, and has delivered many successful high-profile, significant, transformations and associated ERP/IT implementations.

Previous presentations and webinars can be viewed on the APM Slideshare and YouTube channels.

This article appears on the AMP news and blog site as "Integrated Cost & Schedule Risk Analysis (ICSRA): Demystified webinar" dated November 14, 2023.

--Association for Project Management

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