Duration
Managing Risk in Primavera Risk Analysis Rel. 8.6 Training
3 days
Overview
ORACLE'S PRIMAVERA RISK ANALYSIS is a full lifecycle risk analysis solution integrating cost and schedule risk management. Primavera Risk Analysis provides a comprehensive means of determining confidence levels for project success together with quick and easy techniques for determining contingency and risk response plans.
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.
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.
All our courses are accredited by AACE International a leading technical authority in cost, risk & schedule management for programs, projects, products, assets, and services.
Course Pre-Requisite
- The ability to use a personal computer and understand the fundamentals of the operating system.
- Attended basic P6 Project Planning Course.
- An understanding of how projects are planned and controlled including understanding the project management processes applicable to your projects.
Course Content
- 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.
- 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
Target Audience
- Programme Managers
- Project Schedulers
- Project Controllers
- Project Personnel
- Risk Managers
- Project Planners
- Risk Analyst
Programme scope, delivery arrangements and suitability are confirmed during enquiry.