This course provides training for Primavera’s Risk Management solution. Participants will gain a thorough background in the basic concepts of risk management. This three-day class leads you through examples of specific risk modeling techniques and provides a lab-style workshop on the third day to allow students to apply the learned techniques.
Learn To
This course provides training for Primavera’s Risk Management solution. Participants will gain a thorough background in the basic concepts of risk management. This three-day class leads you through examples of specific risk modeling techniques and provides a lab-style workshop on the third day to allow students to apply the learned techniques.
Profession Development and Continuing Education Units:
- Earns 19.5 PDUs
Learn to:
- Use a Risk Register to assess risks qualitatively or quantitatively
- Run a risk analysis
- Use a Risk Register to propose, evaluate and justify mitigation
- Track planned mitigation with rest of the project
Prerequisites
Audience
- Analyst
- End User
- Implementer
- Manager
Course Objectives
- Apply a risk assessment to a project schedule, resources and costs
- Interpret, communicate and justify a risk analysis to the project team, management and stakeholders
- Use risk management to improve your project management, set targets and contingency, set corporate and customer expectations
Course Topics
Basic schedule and cost risk analysis theory
Risk Methodology
Schedule Review
Using three-point estimates for activities
Running a quantitative risk analysis
Understanding results (histograms, tornado charts
Understanding project drivers (duration sensitivity, criticality)
Introduction to the Risk Register
Integration with Primavera and Microsoft Project
Cost & Resource Uncertainty
Risk assessment templating
Correlation
Probabilistic Branching
Risk Register (Risk Events)
Response Planning – cost/benefit analysis
Lab style workshop
Applying risk analysis techniques