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 modelling techniques and provides a lab-style workshop on the third day to allow students to apply the learned techniques.

What you will learn

• 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

Audience

• End Users

• Functional Implementer

• Business Analysts

• Project Manager

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 and 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 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