Dr. David Hulett’s presentation explores the deeper foundations of professional schedule and cost risk analysis, moving beyond simplistic reliance on software tools. Through real-world examples and a five-level analytical framework, he illustrates how risk analysis is only as effective as the culture, resources, and data that support it. The session highlights frequent management missteps, the critical role of realistic risk registers and schedules, and the transition from basic duration ranging to advanced integrated cost-schedule simulations. Attendees will leave with a clearer understanding of how to perform credible risk analysis that informs decisions rather than simply confirms preconceived outcomes.