Managing Risk Analysis

Overview

This course provides training for  Risk Management solution ( using Primavera/MS project and few other Management Software ).....

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.

 

Learn to:

  1. Use a Risk Register to assess risks qualitatively or quantitatively
  2. Run a risk analysis
  3. Use a Risk Register to propose, evaluate and justify mitigation
  4. Track planned mitigation with the rest of the project

 

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
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Audience: Analyst, End User, Implementer and Manager

Duration: 3 Days

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