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2 Vital Tree Diagrams for Quantitative Risk Assessment & Decision Making (MFG419C)

Presented by: Duke Okes, FASQ, CMQ/OE
 
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Event Description

Don’t Fly Blind into High-Risk Decisions!

Too many risk assessments are qualitative judgments with little empirical backing and do not effectively demonstrate the true risk and range of uncertainty. It’s hard to make a decision about risk if you have not yet fully defined it.

The solutions to this are the fault tree diagram and the decision tree diagram, which have been used for decades in the field of reliability and offer ways to better evaluate decision options when there is high uncertainty. Join design engineer Duke Okes in this informative webinar as he demonstrates the two diagrams and shows you how to visually and mathematically understand system design and choices and their potential impacts on outcomes.

After attending this webinar, you will know how to better evaluate decision options when there is high uncertainty, how to explain and demonstrate the rationale behind choices that need to be or have been made, and what quantitative techniques can be integrated with qualitative risk assessments. When risk is high, don’t fly blind—find powerful techniques you can use to make better decisions.

Session Highlights

In this program, you will learn:

  • How to better evaluate decision options when there is high uncertainty
  • How to explain and demonstrate the rationale behind choices that need to be or have been made
  • Quantitative techniques that can be integrated with qualitative risk assessments
  • When tree diagrams should be used to assess risks
  • How to construct fault trees and decision trees
  • The value of learning as well as mathematical analysis

Who Should Attend

This program is designed for managers, engineers, project managers and staff who are responsible for decision making where quantitative risk and variance is important.

About Our Speaker(s)

Duke Okes | Root Cause Analysis SpeakerDuke Okes FASQ, CMQ/OE
Duke Okes has consulted with organizations for over 30 years, primarily in the areas of implementation of quality management principles, systems and techniques. He holds degrees in technology, business and education and is a graduate of a program for Organization and Human Resource Development and the International Pro... More info

 
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    Event Title: 2 Vital Tree Diagrams for Quantitative Risk Assessment & Decision Making
    Presenter(s): Duke Okes, FASQ, CMQ/OE

 
 
 
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