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.

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

Who Should Attend?

• Functional Implementer
• Business Analysts
• End Users
• Project Manager

Course Outline

• 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

Course Methodology

A variety of methodologies will be used during the course that includes:

• (30%) Based on Case Studies
• (30%) Techniques
• (30%) Role Play
• (10%) Concepts
• Pre-test and Post-test
• Variety of Learning Methods
• Lectures
• Case Studies and Self Questionaires
• Group Work
• Discussion
• Presentation

Course Fees

This rate includes participant’s manual, Hand-Outs, buffet lunch, coffee/tea on arrival, morning & afternoon of each day.

Course Timings

Daily Course Timings
08:00 - 08:20       Morning Coffee / Tea
08:20 - 10:00       First Session
10:00 - 10:20       Coffee / Tea / Snacks
10:20 - 12:20       Second Session
12:20 - 13:30       Lunch Break & Prayer Break
13:30 - 15:00       Last Session