[FIT Online Course #PDP0711 – RISK MGMT] Schedule: Online, May 30 through Jul 1, 2016 $450* per engineer. Taught by John Blyler, PSU and JB Systems

This course will examine the concepts, techniques and tools for managing risk and making decision as key components of the systems engineering process. Differences between mission critical and non-mission critical programmatic risk will be emphasized. Other topics include the limits of expected value-based risk analysis, decision making strategies such a max/min, min/max and regrets. Formal methods in risk analysis, elementary decision analysis and decision trees, multi-objective decision making, Pareto techniques, optimality, and trade-off analysis will be covered. Risk and decision techniques will be contrasted with the interfacing processes of program management and software engineering, from both the government (DOD) and industrial perspectives. Case studies will be used throughout the course to demonstrate actual implementation of concept and techniques.

We created this group to build a community of practitioners interested in exploring the Cynefin framework, its implications and applications. If you would like to learn more about Cynefin, or if you are just curious, please join us.

For more information on the Cynefin framework watch this video https://www.youtube.com/watch?v=N7oz366X0-8

Pre-reading https://hbr.org/2007/11/a-leaders-framework-for-decision-making

Movement between Cynefin domains

A Leader's Framework for Decision Making - The Cynefin Framework

How do you make sense of situations in order to make decisions appropriately?

Proposed Agenda: • We will cover the basics of situational-based decision making. • What has changed since the 2007 HBR Article? • Discuss the latest changes to the framework

https://www.researchgate.net/publication/5689229_A_Leader%27s_Framework_for_Decision_Making

Interpersonal conflicts, talking past one another, and friction within teams are a few symptoms people experience in the disordered domain of the Cynefin framework. Let's explore this domain in our next meetup.

-How do you know if you are in the domain of disorder?

-What are the characteristics of this domain?

-What heuristics are appropriate?

This is still a fairly new group, so other topics of interest related to Cynefin or complex adaptive systems are welcome. Feel free to invite others that may be interested.

Have you ever wondered why some approaches work well in one context and not so well in others? In order to improve our chances for success, we need to understand the nature of the situation we are working with in order to take appropriate action. Failing to recognize the nature of the situation at hand results in misinformed decisions with potentially catastrophic consequences.

Cynefin is a sensemaking framework that helps people understand their context and situation in order to take appropriate action.

In this meetup we will review the basics of the Cynefin framework and discuss other options for continued learning.

Optional Pre-Work:

A Leader’s Framework for Decision Making https://hbr.org/2007/11/a-leaders-framework-for-decision-making