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Emerald Event

501 - Project Risk Management in Primavera Risk Analysis - Oracle University Certified - Calgary, 2019-10-18
Start Date:
October 16th, 2019
3 days
08:30 am - 04:30 pm
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501 - Project Risk Management in Primavera Risk Analysis - Oracle University Certified - Calgary, 2019-10-18

  • Oracle University - Oracle Certified Primavera TrainingOverview

    The Primavera Risk Analysis tool enables Monte Carlo risk analysis to be applied to scheduling tools to create dramatically more realistic planning and more rational decision making, while enabling targeted management of high risk tasks. It runs in conjunction with many scheduling tools, including Primavera P6.  This course is aimed at those who wish to gain an in-depth understanding of the scheduling and risk analysis capabilities of Primavera Risk Analysis. The course provides "hands-on" exercises for advanced project scheduling, quantitative and qualitative risk modeling.



    Course Outline

    Day 1

    • Schedule risk analysis theory
    • Using three-point estimates
    • Using alternate distributions
    • Running a quantitative risk analysis
    • Understanding risk analysis results
    • Probabilistic events
    • Criticality, sensitivity and cruciality
    • Producing P-schedules
    • Interpreting the results
    • Integrated cost and time risk analysis
    • Integration of Primavera Risk Analysis with Microsoft Project and/or Primavera P6
    • An introduction to the Risk Register

    Day 2

    • Templated Quick Risk
    • Advanced probabilistic event modeling and branching
    • Measuring and defining correlation
    • Probabilistic cash flow
    • Iterations and convergence
    • Advanced risk register
    • Advanced risk assessment (qualitative & quantitative)
    • Targets & mitigation
    • Audit trail
    • Series impacts
    • Cost benefit analysis
    • Importing and exporting data
    • Writing simple macros
    • Report and integration macros
    • Conditional branching
    • Using hammocks for management costs, penalties and revenues

    Day 3

    • Use case studies to work through the risk analysis steps
    • Practice using Primavera Risk Analysis with the help of a trainer
  • 19 Years of Risk Analysis Experience

    Since 2002, Emerald Associates has been one of the only Authorized Oracle Primavera Risk Analysis implementer and certified training providers. We are a current member of Oracle University and have trained over 7000 students worldwide. Most importantly, Emerald Associates has a long and broad experience dealing in large project risk analysis including:

    • The risk analysis of one of the largest CO2 collection project in the world

    • A $2B major CAPEX project involving new technology - a complete evaluation of the risks from design to startup

    • A Public Private Partnership (P3) project to evaluate cost and schedule risk for the contractor during the bid stage

    • A Pharmaceutical company developing new products

    • Multiple Plant Turnarounds for a large oil and gas company 

    • Commissioning and startup readiness risk for a large mine expansion

    • A major new capital project incorporated into a plant during a turnaround. The mixing of cultures between capital projects and maintenance work was reflected in every aspect of the work and represented multiple threats. This analysis represented a challenge for diplomacy and human relations in the interview process.

    • A new separator and upgrader development. At the time of our risk analysis, engineering was peaking, infrastructure was being built and site clearing had commenced. A notable feature of this study was the extreme pressure on engineering  and construction resources and galloping cost escalation. Mitigation actions included various labour incentives.

    • A new Steam Assisted Gravity Drainage (SAGD) plant. The engineering was  at its height and piling is just starting. Our analysis was largely focused on the procurement and engineering processes that were intimately entwined and driving the construction process.

    • Analysis of the risks for a nuclear generation facility restart project. There were many risks associated with the availability and condition of equipment for this plant which was 40 years old at the time and the possibility of hidden defects.

    • A capital project that was running late and over budget where the owner and EPC disagreed about the best way to finish the project. Our analysis helped determine the most expedient path to the end of the project.

    For more information on Primavera Risk Analysis software and Emerald's Risk Management Services please explore our website further.

  •  Ian Nicholson - Vice President of Solutions - Emerald Associates

    Ian Nicholson

    Vice President of Solutions

    Emerald Associates

    As our Vice President of Solutions and a Lead Risk and Implementation Specialist, Ian leads Emerald’s functional consulting group. With over 15 years of international experience in varied fields and roles from manufacturing, heavy civil construction, pharmaceutical plant construction, hospital projects and oil and gas capital and turnaround projects, Ian brings a wealth of practical project knowledge to the training table.

    Ian has worked with Primavera Risk Analysis (formerly Pertmaster) on projects for Agrium, Alcan, AltaLink, Bruce Power, Husky Energy, Iogen Energy, Shell Canada, Suncor Energy, and TransCanada Pipelines. His expertise using Primavera Risk Analysis combined with his engaging and effective training style makes this course an unparalleled opportunity to not only learn the software but to learn from someone who is highly regarded in the industry. Referred to by some of his past students as the “Primavera Guru”, Ian’s course evaluations speak for themselves.