|Date:||February 9, 2017|
|Location:||Best Western Plus Executive Inn, 200 Taylor Avenue N., Seattle, WA,|
|Attendees: (See attached sign in sheet)|
Chapter Meeting (5:00PM to 7:35 PM)
This was a Joint Meeting with AACE. There was no Board meeting.
- Technical_Presentation_ SAVE Cascadia Chapter- Feb 9 2017
- David Hamilton, Hamilton Risk-Value presented on Numerical Bias of Construction/Risk Teams vs Project Actual Bid Results.
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. The PowerPoint presentation is attached.
There was no Board meeting at this Joint SAVE/AACE Meeting.