Prediction Markets for Program and Project Management

Prediction Markets for Program and Project Management


Tom Erickson

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Event Date: 
Tuesday, April 17, 2012 - 5:30pm - 6:30pm

A phenomenon called the wisdom of crowds has been shown to be surprisingly accurate at predicting future events. What if you could monitor the collective wisdom of a defined crowd on a nearly continuous basis? Such is the capability provided by software systems called prediction markets. This presentation will introduce this relatively new class of tools, explain how they work, and provide an overview of how they could apply to portfolio, program and project management. The presentation will also include a survey of the major prediction market publishers and how to contact them for more information.

Event Location: 
Fairview Park Marriott
3111 Fairview Park Drive
Falls Church, Virginia 22042
Agenda and Cost: 


Immediately before the Chapter Dinner Meeting. at 5:30pm.
Special Instructions: 
Preregistration is required at this PM Tools session. To ensure adequate space for our guests, we began requiring preregistration and a small fee for PM Tools in October 2011.
PDUs Available: 
1 PDU for Certified PMs

About the Speaker

Tom Erickson

Tom Erickson’s career spans 40 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.

He started his professional career as an Air Force Acquisition, Engineering and Program Management officer and Reservist. Beginning in 1985 he worked for Lockheed Martin in a variety of program and technical management roles. He 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 has been a certified Program Leader for Kepner-Tregoe Problem Solving & Decision Making techniques. His research interests include enterprise agility and projects as knowledge transformation.

He has been a PM Tools and M2D2 speaker several times on topics that included “An Introduction to the PgMP Credential”, “Risk Management – 1st Principles”, and “The Serenity Factor in Risk Management”. Most recently he has been engaged in developing and integrating enterprise risk management practices.

About the PM Tools Workshops

A full house at a PM Tools workshop - Photography By Greg Bouchillon

PM Tools is PMIWDC's workshop series that addresses the practical aspects of Project Management.

Both the PM Tools session and the monthly dinner meeting are worth 1 Professional Development Unit (PDU) each to certified PMPs. Continued certification as a PMP requires the accumulation of these valuable credits and we are pleased to offer this opportunity to obtain both the important training and the educational credit associated with it.