Duration: 2days
This course provides training for Primavera’s Risk Management solution. Participants will gain a strong understanding of 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.
By the end of the course you will be able 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 the rest of the project.
Course Content
- 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
