Primavera Risk Analysis

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

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