I have a PhD in Applied Mathematics. My decision to pursue a career in industry rather than academia required me to take a risk that has paid significant dividends over the past 20-plus years. The focus of my studies was not probability or risk management. Rather, my education in risk and uncertainty took place on the job. My first significant work in this subject was developing a cost risk capability for a NASA and Air Force cost model. Leading this project brought me into direct contact with Drs. Steve Book and Paul Garvey, whose papers, books, seminars, and conversations served as my initial education in the field of project risk management. Dr. Book’s knowledge, humor, and outstanding writing and presentation skills continue ...

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