Project Risk Management in Primavera

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Course Title…Managing Risk in Primavera Risk Analysis
Version Relevance…Release 8.6
Course Duration…3 Days
Course Audience…Risk    Analysts, Project Manager, Planner, Scheduler, Business Analysts, End Users,    Functional Implementer
Prerequisite(s)…Project    planning/management fundamentals (desirable)knowledge of Windows™

 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

Primavera Training Scotland


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