Project Risk Management in Primavera
- Managing Risk in Primavera Risk Analysis.
- Training on risk management for project professionals.
- Learn to assess, analyze, and mitigate risks.
- Improve project management and set expectations.
- Course covers risk analysis theory and methodology.
Overview
Course Summary: This course focuses on training in Primavera's Risk Management solution, previously known as PertMaster, for a duration of three days. Participants learn specific risk modeling techniques and engage in a lab-style workshop to apply these techniques practically. The course aims to provide a comprehensive understanding of project risk management concepts, enabling students to assess risks, run risk analyses, propose mitigation strategies, and improve project management through risk assessment.
Who should attend
Risk Analysts, Project Manager, Planner, Scheduler, Business Analysts, Functional Implementer
Course Content
Course Summary
This course provides training for Primavera’s Risk Management solution (previously known as PertMaster). 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. Delegates will gain a thorough grounding in the concepts of project risk management and will learn how to 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 and use risk management to improve project management, set targets and contingencies and set corporate and customer expectations.
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
Course Objectives
- Use risk management to improve your project management, set targets and contingency, set corporate and customer expectations apply correlation
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
Prerequisite(s)
Project planning/management fundamentals (desirable)knowledge of Windows™
Primavera Training Scotland
