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H G C S N E W S L E T T E R
Houston Gulf Coast Section—AACE Oaober 2014 Volume 10, Issue 2
O C T O B E R 14th PROGRAM
Pearson's correlation is the primary metric used to quantify the contribution of each factor to cost and schedule growth in many tornado chart views. This presentation will explore the reasons why Pearson's correlation is an unreliable metric for prioritizing risks and further explore other alternate methodologies using stochastic optimization for more accurately prioritizing risks
Eric Druker Sr. Manager, Strategic Innovation Group Booz Allen Hamilton
PRESENTATION:
"Using Stochastic Optimization to Improve
Risk Mitigation"
Meet the Speaker Bio:
A proven expert in data science/analytics, Eric has 10 years' experience performing analysis for a variety of government & commercial clients. In 2010, he invented a new technology - RealTime Analytics - enabling complex simulations, previously requiring hours to run, to simulate in a matter of seconds. Eric is an internationally recognized expert in cost and schedule risk analysis and is one in a small group of individuals to be awarded two International Cost Estimating & Analysis Association's (ICEAA) Analyst of the Year Awards. He has authored over a dozen of industry papers on risk analysis and simulation modeling and has participated as speaker and/or panelist at conferences and symposiums for Department of Defense, Naval Postgraduate School, Australian Department of Defense, and NASA's Project Management Challenge.
In this issue: Presentation and |
Speaker Info
Meeting Time and 2
Location
Meet the HGCS 2
Board of Directors
Announcements 3
President's Message
by Matt Baker 4
Speaker Lineup
HGCS website:
www.aacei-hgcs.org
Check it out and
stayed tuned for
more information
about certifica
tions, special
events, and train
ing.
HGCS MONTHLY TECHNICAL MEETING TIME & LOCATION
When: October 14, 2014
Time: 5:30 pm Registration
6:15 pm Buffet Dinner
7:00 pm Speai<er
8:00 pm Adjourn
Cost: $30 member or non-member
Casii or Checks at the door
or
Credit Cards via PayPal on the HGCS
Website: www.aacei-hgcs.org
RSVP: by end of business Monday,
October 13, 2014
Reply to email address
aacehecs(5)gmail.com for
Your registration
Location: HESS CLUB BUILDING
5430 Westheimer
Houston, TX 77056
HGCS BOARD OF D I R E C T O R S
President
Matthew C. Baker, CCT
Vice President
Josh Rowan, CCP PMP
Past President
James Arrow, DRMP FRICS
Secretary
SamiJaroudi, CCP
Treasurer
Valerie Venters, CCP PMP
HGCS Advisor
Martin Darley, CCP FRICS
Directors
VicBhat
David McNamara, MBA, CCM LEED AP
Yuteck Chuong, P.E., CCP PMP
Jay O'Connor
Liz Heuermann, CCP PMP
Trey Seabrook, CCP
Opeyemi (Yemi) Ibiyami
O P P O R T U N I T I E S FROM AACE INTERNATIONAL
AACE International announces the second International Total Cost Management Conference ^ ^ ^ ^ H B M i i i e n n i u m Hi l ton Bangkok
f ^i^g Bangkok, Thailand
''fii^Sk November 11 ~ i 3, 2014
The event w/7/ be the second educational conference sponsored by MCE International outside of North America and
represents one of the several initiatives MCE International committed to as part of its strategic plan to expand inter
national benefits and services. Currently, 27% of MCE members are outside of North America. The two-day event will
feature a keynote general session followed by two tracks of technical presentations based upon peer-reviewed papers.
The technical presentation selection process will be modeled after the process used by the MCE International Tech
nical Board for the Annual Meeting and will require potential presenters to submit an abstract of their proposed
presentation for consideration. Early Registration for the meeting is $695 for members, $795 for non-members. Regis
tration fee includes access to the two-days of educational sessions, two evening networking receptions, two breakfasts,
two lunches plus coffee breaks and digital copies of all presentations and papers. MCE's discounted group room rate
at the host hotel is THB 4200 single occupancy (USD $111, EUR 101) or THB 4500 double occupancy (USD $139,
EUR 107) including government taxes and fees. Online registration for the meeting is open. MCE is offering a spe
cial deal for attendees who stay a minimum of 2 nights in the host hotel - US$300 in download credits to MCE's
Online Learning Center.
AACE's 2015 Annual Meeting
Las Vegas, Nevada, USA
MGM Grand
at the
Sunday,June 28, 2015 thru Wednesday, July I, 2015
Don't miss out on this excellent opportunity to network with your peers, earn CEUslPDHs and attend the latest papers
on cost, schedule and management at MCE's 2015 Annual Meeting in Las Vegas, NV, USA.
PRESIDENT'S MESSAGE
By Matt Baker
Greetings to my fellow cost engineering professionals in the Houston area and abroad. September's
HGCS meeting was a huge success because of you, so many thanks for your participation! I enjoyed
discussing our recent experience in New Orleans at our AACE International Annual Conference. The
Conference's energy focus was well represented by local professionals in the oil and gas industry and
included many informative panel discussions with industry leaders. I look forward to attending the
2015 annual conference in Las Vegas, which features a mining industry focus.
I took great pleasure in recognizing several of our section members and officers with awards for their
contributions to the organization. Thank you for making AACE International the wonderful organiza
tion that it is. The Houston Gulf Coast Section is quite a powerhouse, considering that we currently
have over 500 members in our section! As great as this number sounds, I believe we could easily dou
ble that through local promotion, social media, and 'word of mouth' invitations. I encourage you to
tell your colleagues about our organization and its abundant opportunities as well as invite them to
the meetings. Your participation makes a huge difference in the growth of our organization. Our lega
cy is definitely worth preserving for the project professionals of tomorrow.
October is shaping up to be a busy month as we prepare for an exciting meeting, featuring Eric Druker
from Booz Allen Hamilton. We also plan on participating in a food drive for the Houston Food Bank as
well as a community outreach event with PMI for Rebuilding Together Houston. Please let me know if
you are interested in participating with us. I look forward to meeting with you and your colleagues
very soon!
See you at the meetings,
Matthew C. Baker, CCT
HGCS President
SPEAKER LINE UP FOR HOUSTON GULF COAST SECTION
2014
September 9 Jim Whiteside, PE
"Advanced System Analysis"
October 14 Eric Druker; Booz Allen Hamilton
"Using stochastic Optimization to Improve Risk Mitigation"
November 11 Logan Anjaneyulu, CCP, CEP, PSP; Valero Energy Corp.
"Controls for Mega Turnarounds"
December 9 Joanna Yaghooti, AIA LEED (Holiday Meeting)
"Warning I This community may be hazardous to your health—"
2015
January 13 (YOUNG PROFESSIONAL MONTH)
Matthew Evans: Chevron
"Cost Engineering: A Fresh Perspective"
February 10 (WOMEN IN PROJECT CONTROLS MONTH)
Caria Thomas-Baksh, CCP; Chevron
"Achieving Competitive Edge with Effective Cost Management"
March 10 Jamal Lahlail; GE Oil &Gas
"Programs Management and NPI Process in GE"
April 14 Bill Helms; Jacobs
"Global Project Controls and Systems Implementation"
May 12 Masjood Jafri; Faithful + Gould
"Supply Chain Changes affect by API Q2 Specification
