The Serenity Factor in Risk Management

The Serenity Factor in Risk Management


Thomas Erickson

Lockheed Martin

PMIWDC Non-Member Rate

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Event Location

Department of Agriculture, Cafeteria Conference Room (Wing 2 Entrance)
12th and Independence Ave, S.W.
Washington, ,

Risk management can become very complex, in large part because risk analysis is open-ended and non-deterministic. In addition, there is a natural tendency for risk management practitioners to focus their efforts on actions before the fact, forgetting it may not be the best response for a given uncertainty. Risks are traditionally assessed using three factors: impact; likelihood; and velocity. In this presentation Mr. Erickson will propose a fourth factor – the Serenity Factor – and will demonstrate how it can be a useful tool for quickly determining whether the response to a given uncertainty would be more effective before or after the fact, or should include a mixture of both preemptive and reactive actions.

Special Instructions: 

The M2D2 Event is free of charge and open to all interested PMs. Preregistration is required. Metro Accessible via Smithsonian Station Government ID or Photo ID is required to enter the facility

PDUs Available: 
1.00 PDUs for Certified PMs

About the Speaker

Thomas Erickson

Lockheed Martin

Tom Erickson’s career spans 35 years of program and technical management in fields as diverse as software development, communications, business development, test engineering, airfield lighting design, digital control systems and construction management.  He holds a B.S. in Electronic Engineering (Circuit Design) from the University of Minnesota and an M.S. in Engineering Management  (AI & HF) from George Washington University. 

Tom was one of the first 31 individuals world-wide awarded the PgMP from the Pilot Credential Program.  In addition he is a Registered Professional Engineer (EE, Vermont) and a certified Program Leader for Kepner-Tregoe Problem Solving & Decision Making techniques.  Since 1985 he has worked for Lockheed Martin in a variety of program and technical management roles.  He is currently engaged developing and integrating enterprise risk management practices.

About the M2D2 Monthly Downtown DC Meetings

PMIWDC holds a free monthly brown bag meeting at the US Department of Agriculture. These meetings are free, and open to the public, but preregistration is required.

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