Lone Star CEO Leads Panel Discussion on Uncertainty and Probability in Government Policy at Probability Management Conference

Steve Roemerman, CEO of Lone Star Analysis, led a panel discussion at this month’s Probability Management Conference, held at the Lockheed Martin Corporation facility in Crystal City (Arlington, VA) on June 18 and 19. The theme of the conference was The New Way to Communicate, Calculate and Calibrate Risk.

Senior decision-makers in industry and government, Risk Management professionals, Project Managers, and simulation users who attended learned about how to:

Improve profitability by understanding cost, schedule and revenue uncertainties
Improve budget forecasting by understanding the uncertainties in your requirements
Communicate uncertainty between analysts and decision-makers as auditable data
Aggregate risk models across software platforms across the enterprise
Calculate the chances of achieving financial targets or incurring losses interactively in Excel without macros or add-ins
Calibrate the opinions of experts, when no data is available
Determine the most important uncertainties to resolve
Steve Roemerman, Lone Star Chairman, led a panel discussion on Uncertainty and Probability in Government Policy. Several “islands” of government decision making are very sophisticated, and those forward thinking organizations and individuals are generating better outcomes for taxpayers.

Mr. Roemerman said, “Probability Management created a very effective and interesting event, with stakeholders across several industries and agencies that might cross paths otherwise. We saw the Navy Postgraduate School explain their approach to “Data Farming” in the same meeting a major oil company discussed international portfolio management, and Georgia Tech presented impressive operations research.”

Lone Star participation in Probability Management’s first East Coast event was productive. Several Lone Star attendees also participated in the event.

For more information regarding the Probability Management Conference, click here.