Management Reserves, General and Specific: A Necessity for Major Projects - Thu, 15 Jan 2026

When: Jan 15, 2026 from 12:00 PM to 01:00 PM (CT)

Associated with Chicago-Midwest Section

Management Reserves, General and Specific: A Necessity for Major Projects

High-impact/low-probability (HILP) risks, also known as tail risks, aren’t black swans. They’re real, and every major project faces them. Yet, many organizations fail to quantify these risks or secure the funding needed to manage them.

Join us for an eye-opening virtual session:

✅ Learn why traditional contingency estimating isn’t enough
✅ Discover how to quantify tail risks and their non-linear cost impacts
✅ Get strategies to fund management reserves effectively

Don’t let the “crazy tail” catch you off guard. Elevate your risk analysis game!

Presenter: John K. Hollmann, CCP CEP DRMP FAACE, Hon. Life AACE

John Hollmann is the author of “Project Risk Quantification” Volumes 1 and 2 (2016 and 2024) and lead author of AACE® International’s TCM Framework (2006).

As owner of Validation Estimating, LLC, he has been an independent consultant since 2005. He is also an alliance partner in ValidRisk.com; a cloud-based risk analysis software program. John works with capital program managers and project leaders in a variety of industries to improve their cost engineering with a focus on cost estimating and risk quantification.