Managing Risk in Primavera Risk Analysis Rel. 8.6

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

A Live Virtual Class (LVC) is exclusively for registered students; unregistered individuals may not view an LVC at any time. Registered students must view the class from the country listed in the registration form. Unauthorized recording, copying, or transmission of LVC content may not be made.

Audience

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

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
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