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ICTD International Centre for Training and Development

Primavera Risk Analysis

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About the course

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.

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

## Course Outline

  • 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 Methodology

A variety of methodologies will be used during the course that includes:

  • (30%) Based on Case Studies
  • (30%) Techniques
  • (30%) Role Play
  • (10%) Concepts
  • Pre-test and Post-test
  • Variety of Learning Methods
  • Lectures
  • Case Studies and Self Questionaires
  • Group Work
  • Discussion
  • Presentation

Who should attend

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

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