Managing Risk in Primavera Risk Analysis

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