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.
Profession Development Units:
Learn to:
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Use a Risk Register to assess risks qualitatively or quantitatively
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Run a risk analysis
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Use a Risk Register to propose, evaluate and justify mitigation
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Track planned mitigation with rest of the project
Audience:
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End Users
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Functional Implementer
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Business Analysts
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Project Manager
Prerequisites:
Suggested Prerequisites:
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Fundamental Product Management knowledge
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Knowledge of Windows
Course Objectives:
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Apply a risk assessment to a project schedule, resources and costs
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Interpret, communicate and justify a risk analysis to the project team, management and stakeholders
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Use risk management to improve your project management, set targets and contingency, set corporate and customer expectations

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

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